From Raw Materials To Sales - Using Data To Rank The Major Suppliers Of Garment Suppliers

In the face of a changeable and uncertain world, a series of data pointers are conducive to enterprises to play a key role in decision-making.

RobertAntoshak, general manager of OlahInc, makes a comparative study of labor, production and import prices of the top 25 garment suppliers in the world.

In the near future, we will summarize the factors that affect the global garment market, including the trade war between the United States and China, the rise of protectionism, the shutdown of the US government, the breakdown of regional trade agreements, the deterioration of inter state relations, the efficiency of globalization, the fluctuation of raw material prices, the weakening of global clothing demand, the instability of stock market, the shift of customer groups and the possibility of hard disengagement.

For purchasing companies, there has been no challenge in the past two years.

The only thing that is certain is uncertainty.

Fashion brands and retailers are trying to understand everything.

Are we entering a period of far-reaching economic and policy consolidation, or are recent events only temporary mistakes?

It's hard to tell at this critical time point.

But we are convinced that the rise in tariffs has made many consumer necessities more expensive.

In fact, the rise in global procurement costs forced many companies to reconsider the way they produce and sell their products.

New business environment

Even so, a strong evidence shows that the business environment around the world has changed significantly. Traditional business practices and product procurement methods in the past may change permanently.

In case of election or leaving office, Trump's protectionism is unlikely to become a nightmare.

Some structures change.

There is an atmosphere in the trade circle, that is, assuming that Trump is stepping down from office, the broad and open way of free trade will be observed more slowly.

Of course, the Sino US trade war has a significant impact, but the changes I quoted are far more lasting and lasting for our industry.

All are due to Trump's political disputes at the height of the climax, the rise of Britain's off Europe and the rise of global nationalism, and other factors that continue to have an impact on the industry.

If consumption demand is uneven, some countries attach importance to economic growth far more than other countries.

Then the role of environmentalists: they question everything.

The supply chain, raw materials, and consumers' disposal of products in our industry will be looked at.

Life cycle analysis, carbon footprint and environmental impact: all are topics to be discussed and focused on.

These things are not just expressed by uninformed people in empty talk, or even seriously thinking, learned and experienced experts. They have political influence that can change the way our industry works.

But such a call to change the current business operation will only increase trade turbulence and uncertainty.

Lost in the dark

Groping in a dark new world.

Has anyone pointed out the beacon?

I can't see it now.

For me, it is very difficult for me to embrace a globalized future with my arms, and how to make and sell products. But when these factors are taken into consideration in these days, I am trying to find a foothold in the confusion.

Find some meaning from the changing market and rationalize the reason for the change.

For me, I like to go deep into the statistical data, make comparisons with data, and compare different countries in making simple garments.

Simply speaking, we can help us understand this through simple purchasing tools.