Home / Knowledge / News / Apparel/Garments / Garment exporters look for answers to falling export figures
Garment exporters look for answers to falling export figures
15
Jun '09
The garment manufacturers held a meeting last week against the backdrop of a fall in demand for clothing in overseas markets and met to discuss as to how to escape the financial crisis.

But more important was a question on each and every apparel exporter's mind as to whether there was something else other than the slowdown which needed to be looked in to urgently in this period of crisis.

Figures released by the government indicate that exports of clothing fell by 26.41 percent to US $534.6 million in the first quarter of 2009, when corresponded with figures of the same period in 2008.

The World Bank office in the capital also estimates that around 63,000 workers have been laid off in the last few months, while also considering the fact that a few of them have been absorbed by the new factories that have come up.

Experts aver that, it is surprising that shipments have not fallen to worse levels considering the fact that, the competitiveness of the sector is less than those companies in Vietnam and Bangladesh.

However, there are other industry experts, who say that exports should not have fallen to these levels considering that Cambodia is in to production of mass consumed clothing which is not affected much by recessionary trends.

They add that, Cambodia has a good manufacturing capacity, but severe weaknesses in other areas, including infrastructure, workforce productivity, utility costs and trade facilitation, which were costing exporters.

This was also the finding of a recent UN Development Programme report on Cambodia's competitiveness in the global economy that placed the country last among ASEAN nations and among the worst-performing countries worldwide.

Still there are others who maintain other then these factors; it is also the rising dollar which has hurt the competitiveness of these units. These and many other issues will the focal point of discussion at the meeting.

In the last few years, on pressure from buyers, the government and the manufacturing companies have taken initiatives to employ better working practices, but consultants say along with this competitiveness also needs to be improved.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Apparel/Garments | On 25th Mar 2017

Net sales at Christopher & Banks fall 10% in Q4

Net sales totalled $85.0 million for the fourth quarter ended January ...

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search