According to you, which are the countries or regions that are likely to replace China as the ultimate low-price, high-quality sourcing and manufacturing destination for textile machinery? Why?
China has very high requirements of textile machinery for itself which will continue in near future. Other countries offer opportunities with lower labour costs but compared to China their markets are much smaller. Therefore the export is required there. This will shift further some capacities from China being used only for export today.
Vietnam, Bangladesh and maybe African countries will gain. Only when the capacities have been shifted to the lowest possible costs which includes also the energy costs then we may see an end of replacements. To mention is also Turkey as this country provides a broad industrial base with all kinds of requirement of textile machinery in the future. It is very remarkable that the US is gaining today from their low energy costs by new investments into the spinning sector which was partly lost at about ten years before.
Can you name some technological innovations for solving the problem of power crisis and energy efficiency in Asian textile industry?
Generally spoken the demand is higher which can be overcome only through further investments into more power plants. Very long term I see technological innovations as nuclear fusion and renewable energy, better storage systems of energy and hopefully the overcome of friction through supraconduction but all these technologies will take decades to mature.
The issue of sustainability is becoming ever more prevalent due to growing ecological awareness. What is the best method to achieve transparency and sustainability in textile machinery industry?
I think transparency is there in principal but sustainability is depending on the path of permanent improvement and application of latest technologies as long as these proof a better performance/cost relation.
How do you see the growth of textile machinery market in emerging countries?
As others too, emerging markets need stable environmental conditions politically and infrastructure wise. As long as investors feel secure long term they continue to invest and grow.
Since mid-2007, the advanced economies, including the US, Japan and Europe, together are contributing more to growth in the US$ 74 trillion global economy than the emerging nations, such as China, India and Brazil. Will it create new challenges for companies with global operations?
It is difficult to predict in detail of which kind these are but in general I feel yes. And we all have to remain flexible in reacting appropriately.
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