RISK MANAGEMENT IN TEXTILE INDUSTRY EXPORT FROM JIANGSU TO FINLAND : Delivery risk for Printed cotton bedding

Abstract

Risk management is an important part in international business which includes various facts about marketing. The first factor to be considered in export is risk management and the key risk is delivery risk. Commissioner is an agency company named Chengdu Titans Trade Co., Ltd which is connect between buyers and suppliers and this thesis can help to do some research about risk and understand the market. Textile industry is an important export industry to earn foreign currency for the Chinese national economy, and export volume of textile industry has exceeded more than 15% of total national exports. Because of the huge sum of favorable balance for textiles import and export trade, this trade became an important channel for increasing foreign currency and accumulating funds. Textile industry occupied an important position in Chinese national economy. After China joined the WTO, the value of textile industry exports has been phasing out and Chinese textile industry exports is still faced with various forms of trade barriers. All in all, textile export is worth to study because it has mature market in international business and it can be a potential career. Risk management plays a significant role in business and it can be an interesting part, especially delivery risk.