In a recent CNBC interview, our Executive Chairman, Stanley Szeto, didn’t mince words about the economic road ahead. With a potential U.S. slowdown looming and tariffs adding pressure, 2025 is shaping up to be a challenging year for brands. Yet, amidst tightening conditions, one thing is clear: brands are doubling down on promotions, emphasizing value to stay competitive. So, how do we thrive in this stormy forecast? Let’s dive in.
A Record Year for Leverstyle
First, some good news. In 2024, Leverstyle hit a new milestone with record sales of US$222.9 million—a 6.9% jump from 2023. Even better, our net profit climbed to US$17.1 million, up 9.8% from the previous year. These numbers aren’t just a pat on the back; they’re proof that resilience pays off, even when the global economy throws curveballs.
The Real Test: Supply Chain Flexibility
But here’s where the rubber meets the road—supply chains. Stanley highlighted a critical truth: geopolitical shifts are shaking up the game, and brands need agility to keep up. That’s where Leverstyle shines. With production capabilities spanning China, Cambodia, Indonesia, Bangladesh, Vietnam, and India, we’re not tied to one spot. Need to pivot production fast? We’ve got it covered. This multi-country approach gives our clients the flexibility to adapt, no matter what’s happening on the world stage.
Standing Out in a Tough Retail Landscape
Stanley put it bluntly: in today’s retail world, there are “more losers than winners.” Economic uncertainty and shifting consumer demands mean only the adaptable survive. Leverstyle’s versatility isn’t just a buzzword—it’s a game-changer. By staying nimble and value-focused, we’re helping our clients weather the storm and come out stronger.
What’s Next?
The challenges ahead are real, but so are the opportunities. How do you see brands navigating this landscape? We’d love to hear your thoughts—drop them in the comments below or check out Stanley’s full CNBC interview here for more insights.
