It is 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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