Sunday, September 21, 2014

Made in ...?!

It's the Hat.
As labor costs have risen and currency appreciated, China is slowly losing work to countries like Bangladesh, Vietnam, etc. at least for cheaper, labor-intensive goods like casual clothes, toys and simple electronics.

For DBL Group, employs 9,000 people making T-shirts and other knitwear, business has been so good that the company is finishing a new 10-story building with open floors the size of soccer fields, planted with row after row of sewing machines.

The company that handles sourcing and apparel manufacturing for companies like Wal-Mart and Liz Claiborne, reported that its production in Bangladesh jumped 20 percent last year, while China, slid 5 percent.

Bangladesh is the third-biggest exporter of clothing after China, and Turkey [WTO] and could probably absorb many more of China’s 20 million garment industry jobs as the Chinese workers demand higher salaries.

With many counterfeit product from China, a small change in the label is a huge business to others " Made in Bangladesh."

Just a thought.

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