September 2, 2016
New sourcing hubs in an ever changing market
The last couple of years has seen the emergence of new sourcing hubs all over the globe. A great example of this would be the country of Myanmar. Over the years as it’s political climate has changed, Myanmar has re-opened it’s doors to major markets such as the US. As well as attracting interest from regional textile players keen to set up operations and benefit from a large yet low cost labour force.
Asia has long occupied the textile and apparel sourcing space but we are seeing an increasing trend towards alternative supply sources as a result of relatively recent reportage of labour conditions and manufacturing practices. Africa as a region also enjoys a great variety of traditions which are emblematic of unique textile styles and this differentiation provides opportunities for high end fabrics and products to secure themselves in an ever-changing market.
The value-add ethos seems to be a catch-cry of many established textile suppliers across Asia as labour cost benefits erode, and functional and technical textiles are a major growth area.
Make sure you meet with companies from emerging markets at the upcoming International Sourcing Expo this November in Melbourne.