Home / Knowledge / News / Apparel/Garments / Acid test for apparel producers post-recession
Acid test for apparel producers post-recession
12
Oct '09
As per the World Bank's predictions, global economy will contract 2.9 percent, compared with a previous forecast of a 1.7 percent decline.

Current recession prevailing in the world will have many and deep implications for the International Apparel trade especially for Apparel manufacturers and exporters.

Many companies have gone in for a shut down leaving people jobless. Apart from this direct job loss, many indirect job losses have occurred as companies streamline their operations, and go for cost cuttings.

Even after the economy revives, apparel businesses will face problems due to two main reasons. First the apparel manufacturers are selling at low prices to keep businesses afloat, due to which bringing the profitability level back to normal will be a difficult task.

Secondly, protectionism is another huge factor which apparel manufacturers would have to keep watching. Protectionist voices have increased in number and intensity over the last one year, but, fortunately till now, in the apparel trade, these measures have been far and few, but, just because it has not been done till now does not guarantee it will not be done in the future.

Click here to read the complete article.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X