The Great Apparel Sourcing Issues of 2008 - and How to Deal with Them - Management Briefing : Market Research Report

The Great Apparel Sourcing Issues of 2008 - and How to Deal with Them - Management Briefing

Published by: just-style

Published: Apr. 1, 2008 - 36 Pages

Introduction: How the apparel industry globalised; Where garments are bought; Where garments are sourced; What is sourced abroad?; Where is it sourced from?; Pressure on supply sources; The returns from a cheaper workforce are doomed to diminish; The world seems to have run out of Shangri-Las; The conventional wisdom in 2007; What the market wanted; Ever-declining prices; Faster turnarounds; Profits still under pressure, despite buying cheap and selling fast; More pressure on ethics; But consolidation never really happened; Uncertainty; East Asia; Suppliers near home; The rest of the world; The 2008 multiple whammy; Why we believed in permanent deflation; Then the whammy; Market growth is slowing; Imports are slowing - though hardly falling from cliffs; Inflation is rising in poor countries...; …so is economic growth; Growth in emerging-market retail too; But populations aren't growing as fast; And then there's the herd mentality; The reality in China; Why should it be taken particularly seriously?; Why Chinese propaganda needs a grain of salt; What is currently being claimed?; Growing input costs, especially of energy and raw materials; Increasingly expensive customer demands; Growing labour costs; Real costs of quotas and duty; Currency; Conclusion; The wider problem; The problem is common…; …but the whammies' effects vary widely; Consumer price inflation; Other inflationary influences on wages; Consumer price inflation passed through to higher wages; Raw material inflation; Manufacturers' greater preference for local sales; The herd mentality works two ways; The need to pass prices on; What to do about it?; What's going on?; What can be done?; What's the best source of intelligence?; Is that the only source?
List of figures: Figure 1: Destination of Chinese apparel manufacture, Nov 2007 (% country/region share); Figure 2: China age groups, 2000-2022 (m people); Figure 3: Chinese labour costs, wages and productivity, 2000-2006 (index)
List of tables: Table 1: Apparel retail market size, 2005-2007 (US$bn and %); Table 2: Apparel import penetration, 2006 (%); Table 3: Garment imports to Japan, the EU and the US, Jan-Sep 2006 (% share by source country); Table 4: Clothing retail sales (% change on previous year); Table 5: Change in apparel imports by importing country/region, 2007 (% change on 2006); Table 6: Volume changes in individual countries' exports; Table 7: Consumer inflation (% change in consumer prices on same period previous year); Table 8: China's factory-gate annual clothing inflation (%)

Abstract

By 2007, the overwhelming majority of apparel buyers and sellers had adjusted themselves to a world in which virtually all clothes sold in affluent countries were assembled in poorer countries. The relocation of manufacture had brought prices down over the previous 15 years and restrictions and taxes on international trade were generally headed for extinction. However, subtle differences between the ways each exporting country is treated has made understanding trade restrictions increasingly difficult. This briefing reviews apparel trade over the last 12 months and looks at how to deal with the major sourcing issues in 2008.

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The Great Apparel Sourcing Issues of 2008 - and How to Deal with Them - Management Briefing

Table of Contents

Abstract