As China Wanes, Other Asian Countries Flex Sourcing Muscle
The future of global apparel sourcing is likely to lie with emerging Asian countries as China's position as the leading global garment supplier is weakened by rising labour costs and exchange-rate appreciation, according to the first edition of a new report from just-style, an online resource for the global apparel and textile sourcing industry and retailers.
"Apparel Sourcing in Asia - forecast to 2016" provides a detailed analysis of the macro issues and trends that are influencing global apparel sourcing, including inventory pressures brought about by continued volatility in consumer confidence and spending power. These factors complicate retail buyers' ability to predict demand, leading to squeezed inventories and reduced orders to compensate for the continued uncertainty.
In this scenario, the report says, agility and responsiveness are the keys to success. While China remains the dominant supplier, low-cost alternatives include countries such as Bangladesh, Vietnam, Cambodia and Pakistan.
The report also features a review of the main drivers of the Asian apparel industry and details of consumption trends for the region's products in the U.S., European Union and Japan. There's also data covering Asian imports into these western markets by garment category, looking at historic volumes from 2006 and future forecasts to 2016.
Although the report questions China's future dominance in apparel sourcing, it believes there is still room for growth despite the concerns. The country is also among those noted as having the fastest future growth in clothing retail, along with Eastern Europe, Russia, India, Turkey and Brazil.
just-style's "Apparel sourcing in Asia - forecast to 2016" report is an essential resource focusing on the rapidly changing trends in garment supply and outlines what the future holds for this complex and innovative industry.
The full report is available from www.just-style.com.
"Apparel Sourcing in Asia - forecast to 2016" provides a detailed analysis of the macro issues and trends that are influencing global apparel sourcing, including inventory pressures brought about by continued volatility in consumer confidence and spending power. These factors complicate retail buyers' ability to predict demand, leading to squeezed inventories and reduced orders to compensate for the continued uncertainty.
In this scenario, the report says, agility and responsiveness are the keys to success. While China remains the dominant supplier, low-cost alternatives include countries such as Bangladesh, Vietnam, Cambodia and Pakistan.
The report also features a review of the main drivers of the Asian apparel industry and details of consumption trends for the region's products in the U.S., European Union and Japan. There's also data covering Asian imports into these western markets by garment category, looking at historic volumes from 2006 and future forecasts to 2016.
Although the report questions China's future dominance in apparel sourcing, it believes there is still room for growth despite the concerns. The country is also among those noted as having the fastest future growth in clothing retail, along with Eastern Europe, Russia, India, Turkey and Brazil.
just-style's "Apparel sourcing in Asia - forecast to 2016" report is an essential resource focusing on the rapidly changing trends in garment supply and outlines what the future holds for this complex and innovative industry.
The full report is available from www.just-style.com.