Opportunities and challenges in the Fashion & Apparel Industry
The fashion and apparel industry is a giant industry in the global economy.
The benefits of a successful clothing company more opportunities and challenges unpredictable. But there are many reasons to Enter the Fashion & Apparel Industry
New online models
E-commerce has been booming in recent years.
These online platforms provide great opportunities for new entrants to establish their brand. And customers are very interactive with these online stores. Almost two-thirds of all shopping takes place online.
Like every other consumer goods industry, fashion and clothing are heavily influenced by e-commerce and mobile apps.
Customers are using social networking websites and applications to research offers and compare prices.
To get the best out of this, many companies, stores and individuals have turned to big data, e-commerce platforms, and social media, and to run ads more efficiently.
The line between online and offline continues to blurred.
That is why product quality is an issue that customers are always interested in and focused on.
So brands not only need to have a comprehensive online presence, but also partner with innovative and trustworthy companies.
Industry size
The fashion and apparel industry is a giant industry in the global economy. Accounting for 2% of global GDP, clothing products generates more than three trillion dollars a year.
About 80% of the industry is concentrated in the women’s, men’s and luxury wear segments.
The size of the industry has continued to grow over the years. The number of people employed in this industry has more than doubled since the turn of the century. With another 50 million employed, the industry has proven to be a significant job generator worldwide. With a $ 726 billion dollar trade in clothing and textiles, the industry offers countless lucrative opportunities.
New segments of new lines such as cooking utensils, sporting goods … are expanding the definition of apparel and rapidly increasing. .
The market is on the rebound
Economic growth has stalled. Many promising emerging markets put their economic future in question. Despite economic concerns, many fashion-related investments have gone unimpeded. Luxury shopping malls, with their retail model tuning. Several multi-brand stores are opening and many shopping malls are moving from charging a fixed rental fee to a percentage of sales.
There is still a good reason to invest in emerging markets.
Kazakhstan, Egypt, UAE, Quatar and Saudia Arabia are not expected to be threatened by the economic slowdown. Economic uncertainty has never been underestimated, but there are many reasons to be optimistic about the future of an international business.
However, global developments have put these predictions in doubt.
Find a Strategic Partner with Max Blue
With all the changes facing the garment industry, it is important that companies build a strong network of strategic partners.
As the Fashion Industry becomes faster-paced and unpredictable, companies must have lean, agile and reliable supply chains to compete satisfactorily.
Max Blue has worked tirelessly to help businesses and retailers create a network of finding, evaluating and connecting with supply chain partners.
+ We are able to Manufacturing and sourcing products on behalf of our customers and tracking orders, controlling quality and assisting them.
+ Every step from: Design, technology packaging, fabric sourcing and decoration, prototyping, bulk apparel manufacturing, packaging, quality control assessment to safe product shipping to your hand.
We guarantee our quality and on time.
:“Serves markets around the world with a supply chain that is resilient enough to withstand shocks, agile enough to respond quickly to sudden or unexpected changes, flexible enough to be customized. product tuning and efficient enough to protect margins. ”
Lisa Harrington, president of Lharrington Group,
Max Blue Viet Nam is a valuable partner for fashion companies that want to be successful.
Keywords: #supply chain; textiles and #apparel industry; fashion manufacturing industry; Max Blue global
