CTD 231 Lecture Notes - Lecture 23: Main Source, Free Trade, World Trade Organization
15 Nov 2016
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Document Summary
Manufacture: to make ; many apparel manufacturers no longer make apparel virtual manufacturers. Sourcing: practice of procuring materials & production elsewhere. Sourcing mix: combination of resources utilized during production. Apparel products imported to the u. s. has increased from 60% to 90% All partners in sourcing mix must be able to manage continual change in a global environment. Domestically owned more control, but difficult to stay price competitive. Domestic contracting: facilities in the same country as product developer, but not owned by product developer. Access to cutting edge technology & highly skilled workforce. Most nations have apparel production, many with a unique qualification ex) lower costs, expertise, availability of materials/labor. U. s. imports from all countries, unless government has embargo against a country. European union small percentage of u. s. market. Main source of design trends & higher-priced goods. Other nations (vietnam) are gaining market share. Labor intense: an industry that requires many workers to complete each product.
