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As we discussed in the preceding three articles, the rise in prices in China and the country’s altered socioeconomic climate have caused other Southeast Asian nations. And also the Bangladesh and India, to emerge as the “new Mecca” of textile manufacturer.
However, not everything is as it appears to be throughout this procedure.
These nations have a ways to go before they can compete with China. This get dub the “Factory of the world” due to its advanced logistics, services, and infrastructure. Many other aspects must come into play in order to successfully “turn the tables” in textile sourcing. Thus, it is clear that this is no easy task.
Clothing, footwear, and fashion accessories are still mostly sourced from China. Nonetheless, the pattern indicates that its output is gradually declining, which is good news for surrounding nations.
Input material and production period
This International Supply Chain study also emphasizes the need of identifying which nations can host the whole manufacturing chain for a product. It is beginning with the supply of raw materials and ending with the creation of the clothing item.
China and India are reportedly the only two nations that qualify. Pakistan’s manufacturing sector is constrained in many ways, whereas Bangladesh, Thailand, Cambodia, Vietnam, and Indonesia must import textile supplies, knit textiles, and accessories.
In addition to the fact that it has thoroughly researched and confirmed this. I know for a fact that this is the case because of my day-to-day involvement in production in Asia. As says, I also think it’s important to discuss.
The study provides a cost analysis of a simple garment, in this instance a piqué polo shirt in the Lacoste style, to illustrate the effect that site choice has on manufacturing.
Materials account only 40-60 of total cost
There is no doubt that the proximity of the manufacturing nation to the market and its ability to create the raw materials (fabrics) and accessories (buttons, zippers, tags, etc.) within the same market are of crucial significance.
These considerations are not only important due to the high prices of such materials, but also because of the time is adding to manufacturing if they must get import.
Material use efficiency in manufacturing is also crucial.
Governments in manufacturing nations must equip them with the required infrastructure. In order to optimize transit, relax and clarify rules and decrease logistical expenditures.
Agent and labor
The first piece of information demonstrates the importance of having the ability to work “hand in hand”. It is with our suppliers and collaborate closely with them in various endeavors, such as “optimizing materials,”. This is in order to achieve better results during contract negotiations. The second piece of data tells us that wages are not the most significant variable in order to stay competitive in the textile sector. The whole value chain has a lot of room for improvement. And if we make those changes, we’ll gain a significant competitive edge.
Rise of machine learning
A machine’s capacity to learn and adopt sophisticated human behavior is not new. Today, these complex algorithms are revolutionizing the way the industrial sector gathers information, performs specialized work, and anticipates customer behavior. Some even identify themes in popular patterns, shapes, colors, and styles and give consumer sentiment surrounding items and runway photographs. Some are virtually taking the role of people to discern whether it’s the correct time and product for a brand’s target consumer.
Clearly, we are facing a shifting environment where many elements come into play and the actions chosen by each nation. This happens in the face of this new context, will determine in the near term the strategies for accessories, footwear and textile sourcing in Asia, exactly as the DHL research demonstrates.
We, too, must finally accept the fact that textiles get source from all over the world. In our daily lives, this implies that when it comes time to produce an estimate for the creation of a model, there are a plethora of possibilities from which to choose. And we must carefully evaluate each one. I think it’s fantastic that you’ve done this!
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