One of the most difficult forecasts today is the future of the Fashion world. It is intended by industry executives to sit around the corporate round table, think tanking the apparel of tomorrow.
To do this sort of advanced predictions, one must continuously understand the changing fashion trends almost by a dad by day basis. There are many different sectors to be included such as: supply chains, trending types of merchandising; new high tech ways of marketing; sourcing, and of course the governments involved.
In order to offer sensible and intelligent forecasts, proper assessment for large conglomerates and small businesses alike will need to be involved.
Let’s look at an intelligent hypothesis. Many factories are looking toward branching out from a unique location thousands of miles away in to have more satellite facilities. Quicker, local delivery is the fancy of many smaller fashion entities. While huge companies in the Far East are sending over thousands of containers of apparel, they will be losing out due to shipping charges and most importantly, time. There are many companies in the USA which are returning to home manufactured goods.
Tomorrows arguments are actually quite simple. The governments are to be keeping out as much as possible. Tariffs can be reduced, but not eliminated. The US textile industry vs China is another factor. Multi-fiber agreements are on for major discussion as well. Fair trade and corporate responsibility is always an argument to most nations who have the power. And lastly the technology behind the driving forces of these countries.
It would be redundant to say, it’s only the Asian countries concern, considering the true partnership many corporate executives actually have with one and other. Take Japan, for example. A group of companies is stronger than one, so when negotiating with the USA, it’s always prudent to make a decision in unison, rather than for just one corporation. One for all, and all for one seems to be the correct phrase.
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