While you cannot read everything, you must read everything you need. Take a tour, ask no more.
“Last year (2009), according to IHS Global Insight, the leading financial research company, China exported some $1.7 trillion of goods, 80 percent of which were manufactured in factories, and is set to end the United States 110-year reign as the world’s leading manufacturer some time next year.” “Manufacturing wages across China have increased by 14 percent over the past year …” “Two large US companies, Ann Taylor Stores, the women’s clothing retailer, and Coach, the luxury handbag maker, are poised to relocate production to countries, where labor rates are cheaper.” “Alistair Thornton, an analyst with IHS Global Insight, said it was difficult to interpret what was happening to China’s manufacturing sector. He said one likely explanation was that China had reached the so-called “Lewis Turning Point” (named after the British economist Arthur Lewis) at which an economy reaches a point in its development when it exhausts its supply of rural migrant workers, thus putting pressure on wages.” Read more at China Daily.
“Clothing prices have dropped for a decade as tame inflation and cheap overseas labor helped hold down costs. Retailers and clothing makers cut frills and experimented with fabric blends to cut prices during the recession…But as the world economy recovers and demand for goods rises, a surge in labor and raw materials costs is squeezing retailers and manufacturers who have run out of ways to pare costs…Cotton has more than doubled in price over the past year, hitting all-time highs. The price of other synthetic fabrics has jumped roughly 50% as demand for alternatives and blends has risen…Clothing prices are expected to rise about 10% in coming months, with the biggest increases coming in the second half of the year, said Burt Flickinger III president of Strategic Resource Group.” Read more at Business Insider.
A direct link to a search for apparel at Business Insider.
“NEW YORK — The era of falling clothing prices is ending” at USA Today.
Another reading stop for your growing needs… fibre2fashion.com and remember to click the links for Trade Fairs and Jobs.
- China Passes The US As Largest Manufacturer (247wallst.com)