Globalisation unstoppable: IAF chief

Globalisation unstoppable: IAF chief

Globalisation still dominates apparel production and it is highly unlikely that reshoring or backshoring will bring back many jobs that were lost via offshoring, says the International Apparel Federation IAF President, Han Bekke.

Globalisation still dominates apparel production and it is highly unlikely that reshoring or backshoring will bring back many jobs that were lost via offshoring, says  the International Apparel Federation IAF President, Han Bekke.
There is still too much pressure for cheaper prices, says pointing at the dominance of big players in the fashion market who have made globalisation more accessible via better IT systems and processes in their supply chain. Most of the apparel production takes place in Asia, Middle and South America and Turkey.
Nevertheless Bekke sees a future for local manufacturing given great challenges the fashion sector is facing. The race to the bottom in terms of prices will not help companies to improve their profitability on a long term. Consumer behavior is changing in a climate of disruptive  economical activities. Sustainability (social compliance and environmental compliance) is leading to a growing demand if not pressure for transparency, traceability and accountability.
CATEGORIES
TAGS
Share This

COMMENTS

Wordpress (0)
Disqus ( )

Hi There!

Now get regular updates from ITJ Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Textile News on Whatsapp! Enjoy

+91 81082 88300

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back