An Overview Of Global Fashion Industry

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the global fashion industry is among the most important sectors of the economy in terms of revenue, trade, investment and employment throughout the world. The fashion industry has a vast range of products, low product life cycles, unpredictable and volatile demand, inflexible and long supply procedures. Over the past twenty years, this industry is in transition.

several of its major contributors are:

Progressive use of electronic mercantilism in retail, a remarkable consolidation in the retail, wholesale and merchandise.

Clothing and apparel industry makes dressing products of synthetic and natural fibers, such as the silk, cotton, wool, polyester, Lenin, rayon, lycra and Jean. Large parts are covered in the clothing industry include children's dressers, dresses for women, men garments, men's wedding clothing, wedding clothes and underwear.

of the supply chain industry

Supply chain network that the fashion industry can be divided into 5 major components of a fabric plant, raw materials, clothing manufacturers, exporting chains, apparel plants, consumers and retail shops.

leading manufacturing companies and their share

In 2006, the largest garment manufacturing companies and exporters are the nations of Asia-Pacific part of which consists nations such as Hong Kong, China, Malaysia, Philippines, Bangladesh, Indonesia, Ceylon, Thailand, Pakistan and India. Some other leading garment manufacturing countries of Italy, the United States, Mexico and Germany.

Global trends and trade volume

As the world of clothing has become more effortful and needs little capital money, their concentrations vary a lot according to the growth of people and still making a large amount exportations. This could be proven that the reality of garments in industrialized countries decreased between the eighties and in 1996, where he grew up as a manufacturing nation in growth in the same period. The same trend was found in exportations, clothing exportations growing nations issued six times between the eighties and 1997.

Total revenue in 2006 was about 1, $ 252.8 billion, which is more or less sixty-eight percent of total industry value.

industrial challenges

While the fashion industry is growing at a really high rate but there are still several obstacles that obstruct the industrial growth. Few of them are:

While the need for clothes is growing every day, but the rate of production still can not match growing demand. To match demand more production facilities are required.

Globalization is supported by the goods in several means, however due to the globalization of competition to get raised and so it's not really easy for companies to deal with a lot of competition, because they need to maintain quality and meet deadlines. Few commodity policies are still much in favor of developing countries and aid imports from developed countries must be reviewed.

As the fashion industry is driven by fashion and fashion is changing, companies need to deal with the changing trends in the fashion industry. It is therefore usually have to work under pressure to complete orders on time.