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

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

LyondellBasel expands Texas plant ethylene capacity

US based producer of petrochemicals and speciality chemicals...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Wendell Rodricks
Wendell Rodricks

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

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
January 2017

January 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