Shifts Seen in Overseas Production

Retailers and brands continue to move production out of china increasing the trend among leading fashion firms to comb the globe looking for the new fabric sourcing capital. Southeast Asia (particularly Vietnam, Cambodia, and Bangladesh) is predicted to make the biggest gain in new business within the next 3-5 years. Vietnam has the most potential to attract new business if the liberal rules associated with the Trans-Pacific Partnership is passed between the Vietnam the U.S. and 11 other countries.

Back home in the states the “Made in America” movement is rapidly growing with some of the top spending companies such as Walmart promising to purchase 50 Billion dollars of U.S. made product over the next 10 years in efforts to boost the countries production productivity.