Global Apparel Sourcing

ANALYSIS: Global apparel sourcing in uncertain times: Apparel and textile News & Comment

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ANALYSIS: Global apparel sourcing in uncertain times

2 June 2009 | Source: just-style.com

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The recession has hit apparel retailers and their suppliers in different ways. While Western retail sales have fallen, not all manufacturing countries have followed suit. Many of Asia's view image weaker producers are seeing sharp export declines, but exports are growing from the rest of the region. What really influences manufacturers' success, says Mike Flanagan, is their ability to turn the current environment to their advantage. "Plunging retail sales in the United States are leading to a reduction of garment export orders in Bangladesh," says the Washington-based International Monetary Fund (IMF) in its May report. Earlier, the UN-sponsored Asian Development Bank (ADB) - another taxpayer-funded organisation -forecast that in constant 2004 prices, total Asian textile and apparel exports will drop in 2009 by about $8bn. It's quite an achievement to cram so many misconceptions into two sentences. But many people who should know better still believe Asian garment makers will see their sales fall this year. So it's worth looking closely at the IMF's specific claim about Bangladesh.

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