Date post: | 18-Jan-2017 |
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Law |
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GLOBAL SHIFT INTHE FASHION
M A N U F A C T U R I N G
B U S I N E S S
With developing nations altering theways in which their current economiesoperate on the global scale, questionshave arisen as to whether or not Chinaremains the global hotspot for fashion
manufacturers, amidst what some call anoverall economic slowdown. A main topic
of discussion at Business of Fashion’smost recent event in Hong Kong titled
“Voices,” this changing globalphenomenon is indeed an issue that has
been developing in many factoriesacross China.
During the last twenty-five years or so,China’s global manufacturing output
has increased from around threepercent to a staggering twenty-five
percent in value. In accordance withbusiness supply chains within the Asiancontinent, their share actually increased
to double the global amount, reach alittle over fifty percent.
In relation to China’s globalmanufacturing output in the fashionindustry, it is evident this developing
nation has become essential in drivingbusiness growth for brands,
companies, retailers, etc. with theirfactories exporting sixty-percent ofthe world’s shoes, and forty-three
percent of the world’s clothing.
On the other hand, competition does indeedthreaten some manufacturing subfields withinthe fashion industry, such as textile, footwear
and colossal apparel.
An overall increase in production expenses, inaddition to cheaper manufacturing spots inAfrica and Asia have indeed burdened this
powerhouse. Under new governmentaleconomic policy in China to change the
country’s future to a service based economy, itis no surprise this internal ideological differencealso poses a threat to various different fashion
manufacturers.
As a result of this global supplychain economy which emerged
within the last three decades, boththe Chinese government and the
textile producers have also becomemore involved in partnership or
sometimes production firmacquisition in countries such as
Vietnam and Cambodia.
In terms of Chinese manufacturersaccessing and monitoring global
capital, some firms have also evenmoved some mills to the
consumer’s end. To illustrate, onerecent example was in the
American state of South Carolina,where Chinese manufactures usedAmerican labor for production dueto the incredibly low cost of cotton.
Policy researcher Cyrus Yu hasconfirmed data which underlines global
Chinese business ventures acrossvarious African countries that haverecently become grounds for shoe
factories in nations such as Ethiopia,Uganda and Tanzania. With regard to
this ongoing process to further expandoffshore production, even across the
African continent Chinese factories fallinto stark competition with countries
such as India and Turkey.
Although there is increasedcompetition on both the Asian and
African fronts, experts stronglybelieve that these factors should notcause any drastic changes within themanufacturing sector of the fashion
industry in the near future.
Although there is increasedcompetition on both the Asian and
African fronts, experts stronglybelieve that these factors should notcause any drastic changes within themanufacturing sector of the fashion
industry in the near future.
According to some researchers,competition between Eastern andWestern countries is now not only
becoming centered aroundproductivity or quantity of goods
produced in a given timeframe, but itis also currently changing focus toquality, marking a new shift within
the fashion industry.
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