Study On Export Risk Management Of SF Textile Enterprises

Textile exports are influenced by declining of both external and domestic demand in the new normal situation includes economic growth slacken off,export growth slowdown,two-way fluctuations in the exchange rate and the traditional cost advantage gradually lost.The textile exports is in the important turning point,accompany with the risk of export increasing,and how to manage export risk under the new normal is also facing a challenge.As a traditional labor-intensive industry,textile industry has made a great contribution to China’s exports,but accompanied by a sharp rise in raw materials and the production cost of the reality of this industry.Currently,Chinese textile exports,on one hand,are facing with fierce competition in emerging textile industries of Southeast and South Asia including Vietnam,Bangladesh and India,but also undergoing a wide range of export risks.Especially in the export field,new trade protectionism and various traditional trade barriers have brought great risks to China’s textile exports.Therefore,it is necessary to study the export risk management of textile enterprises.Considering the present situation of the export risk management by the attention and the export of Chinese enterprises risk management is relatively weak,the causes of the risks of export enterprises in the face of analysis and elaboration,thus there is a risk for enterprises in the export trade put forward a series of countermeasures and suggestions,in order to avoid the risk of a reasonable guide the enterprise successfully,"go out",to better participate in international competition.This paper takes SF Textile Group Company as an example,through the actual operation of the case analysis,then,starting from the angle of enterprises export by fanning out from a point to an area.According to their own actual business situation,the enterprise established the enterprise risk management system including risk identification,risk analysis,risk response and risk monitoring,and use of early warning,intermediate control and afterwards control to effectively avoid the risk factors in the actual export operation process,to reduce the risk of loss.The author hopes to be able to play a valuable role.Meanwhile,it has positive meaning to promote the healthy development of China’s textile export enterprises to arouse the attention of the export enterprises of the same kind or even other industries,by urging and developing the enterprise’s export risk management system.