What crucial trends are driving the industry?
In the volatile landscape of the apparel industry, it is increasingly important to stay nimble to ensure that product arrives to market on time at a competitive margin. Rising costs of labor and materials are driving many American and European companies to look for more cost effective partners in nations with emerging sectors of manufacturing.
These countries with developing economies will play an increasingly important role as companies look for cost savings opportunities in these regions. Various studies show projected production volume shifting away from major export nations such as China and moving towards alternative manufacturing markets over the next several years.
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