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Apparel ManufacturePublished by: First Research, Inc. Published: Apr. 14, 2008 - 10 Pages Table of Contents
AbstractAbout 15,000 companies manufacture clothing in the US, with combined annual revenue of about $30 billion. Large companies include VF Corporation, Levi Strauss, and Warnaco. The industry is highly fragmented: the 50 largest companies hold less than 40 percent of the market. Some plants in the industry have 500 workers and annual sales of $50 million, but most manufacturers operate a single plant with fewer than 50 employees and annual revenue under $5 million. The industry includes knitting mills, but most apparel is cut and sewn.COMPETITIVE LANDSCAPE Demand is largely determined by consumer tastes and the comparative costs of manufacture in the US and overseas. The profitability of individual companies depends on operation efficiency and the ability to secure contracts with clothing marketers. Small companies can compete effectively with large ones by specializing in a particular type of apparel manufacture. There are few economies of scale in manufacture, because of the high labor content of most apparel. The industry is labor-intensive: average annual revenue per production worker is about $125,000. PRODUCTS, OPERATIONS & TECHNOLOGY Because of the different skills and equipment needed to produce different types of clothes, manufacturers usually specialize in one type. The largest product segments are men's pants (20 percent of industry revenue); women's skirts and pants (15 percent); women's tops (15 percent); men's tops (12 percent); dresses (10 percent); and women's underwear (9 percent). Several types of manufacturers exist. Integrated manufacturers, like Levi Strauss, design and ... Get Full Details About This Report >> |
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