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Higher FOB, limited raw materials cons of producing in US

06
Aug '18
Courtesy: Haggar Clothing
Courtesy: Haggar Clothing
For brands that manufacture in the United States, while speed to market and manufacturing closer to the consumer are advantages, disadvantages include higher FOB (free on board) prices and a limited range of available raw materials and trims, according to Tony Anzovino, chief sourcing and merchandising officer of US menswear manufacturer Haggar Clothing Co.

FOB is a term in international commercial law specifying at what point respective obligations, costs, and risk involved in the delivery of goods shift from the seller to the buyer under the international commercial terms standard published by the International Chamber of Commerce.

The current US menswear market is worth almost $75 billion, and is expected to exceed $94 billion by 2020, Anzovino told Fibre2Fashion in an interview. (DS)

For full interview, please click here.

Fibre2Fashion News Desk – India


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