Blog: Why change is an industry constant
Leonie Barrie | 11 August 2009
David Birnbaum raises some interesting questions in his latest analysis of the garment trade. What happens if the recession lasts for another year or even two? he asks. What happens if, as some economists are now predicting, the end of the recession does not bring rising employment? What happens if the recession ends but the consumer does not return to that mass frenzy of T-shirt consumption that we have grown accustomed to?
And what happens if the problem is not the recession but rather a major long-term shift in the market?
The answer, of course, is far from clear-cut. But what is apparent is that those countries and companies who embrace change and see it as an opportunity instead of a threat are the ones most likely to succeed. And the chances are, they’ve already been doing this for decades.
Increasing competition for garment sourcing contracts is seeing China not only being challenged by other countries in Asia, but by sub-Saharan African and even Russian suppliers too. And it is pushing...
The monthly minimum wage for workers in Cambodia's textile, garment and footwear sector is set to rise to $153 from January next year, following a vote on the issue last week. The increase marks a ris...
The results of two highly-anticipated initiatives in the sportswear sphere were revealed last week: the launch of Under Armour’s new UAS lifestyle brand and the first pair of running shoes created at ...
The recent bankruptcy of South Korea's Hanjin Shipping, the world's seventh-largest container shipper, at the end of August, has left billions of dollars worth of merchandise in limbo, leaving the fal...
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