Home / Knowledge / News / Textiles / 'Chinese textile industry should emulate Japan & Korea'
'Chinese textile industry should emulate Japan & Korea'
14
May '14
The development and the transition of the textile industry from low-end manufacturing to high-end in Japan and Korea can serve as an example for the Chinese textile industry to emulate, according to some industry analysts.
 
The domestic textile manufacturing costs have risen in China, but several export enterprises are still embroiled in the ‘price war’ phase. These companies need to come out of the ‘price war’ encirclement and lead the market, instead of the earlier mentality of following the market. This requires that companies have strong product development capabilities, and they introduce new products in the market that are accepted by the consumers, say analysts.
 
However, product development is easier said than done. Out of the 20 to 30 new products innovated each year, only 1 or 2 get generally accepted by the market. But the 1 or 2 products that do well are enough to bring good profit and can give recognition in the market for several years.
 
In recent years, many Chinese textile enterprises have adopted ‘China plus one’ strategy and set up production bases in lower-cost countries, in order to avoid the pressure of rising costs of domestic production. This strategy is one of retreat and not pro-active, according to some analysts.
 
They cite the example of Japan and Korea, where the textile and garment industry is still flourishing by mainly manufacturing high-end products in fewer quantities. They suggest that the Chinese textile and garment enterprises should learn from the development of the Japanese and Korean enterprises.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: UPM Raflatac

Apparel/Garments | On 17th Jan 2017

New residue free textile label adhesive from UPM Raflatac

Producer of self adhesive label materials UPM Raflatac, has...

Courtesy: Authentic Brands Group

Apparel/Garments | On 17th Jan 2017

Teen retailer Aéropostale reopens 500 stores in US

Teen apparel retailer Aéropostale has reopened 500 stores in the US,...

Courtesy: Centric Software

Information Technology | On 17th Jan 2017

Centric releases version 6.0 of PLM solution

Centric Software, the leading PLM solution for fashion, retail,...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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