Thriving In The Era Of Constant Change: Challenges In The Textile And Apparel Industry
Technopak
The global textile and apparel industry has evolved as distinct consumption and production hubs. Production, which was previously located in developed economies such as the USA and the EU has, over the years, shifted to India, China, Bangladesh etc. due to the cost advantage offered by these developing economies. However, with demand from developed economies slowing, the global textile and apparel industry expects to see continued demand from developing economies due to their faster economic growth.