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The global fashion industry is among the most important economic sectors in terms of revenue, business, investment and employment generation worldwide. Fashion industry has a vast range of products, smaller life cycle products, volatile and unpredictable demand, inflexible and lengthy procedures supply. During the past twenty years, this industry is in transition
Few great contribution include :.
Progressive use of electronic mercantilism retail, Remarkable consolidation in the retail and Wholesale merchandise
The apparel and industry makes dressing products from both synthetic and natural fibers such as silk, cotton, wool, polyester, Lenin, rayon, Jean and lycra. The great chapter covered in the garment industry comprise children dressers, dresses for women, dresses men, bridal men’s clothing, wedding suits and lingerie.
Supply chain industry
supply chain provided by the fashion industry networks can be classified into 5 main areas as plant material, raw materials, clothing manufacturers, the export declaration chains, garb plants, consumers and shops.
leading manufacturing companies and their share
In 2006, the largest garment manufacturing companies and exporters were countries from the Asia-Pacific shares consisted nations such as Hong Kong, China , Malaysia, the Philippines, Bangladesh, Indonesia, Ceylon, Thailand, Pakistan and India. Some other leading garment producing countries were Italy, the United States, Mexico and Germany.
Global development and trading volume
Since the clothing manufacturing world has become effortful and requires little capital funds, their strength are moving much toward emerging nations and more to make large amounts of exports. This could be proved by the reality that clothing production in the industrialized countries has been reduced between the ninth and 1996, with production in emerging nations during the same period. The same trend in exports, garment exports from emerging nations raised sexfaldast between the ninth and 1997.
Total global fashion industry in 2006 was 1, 252.8 billion US dollars, which was more or less sixty-eight percent of the total Industry value.
The Industrial challenges
Even if the fashion industry is increasing at a very high rate, however, still a few there, is obstructing industrial growth. Some of them are:
Although the need for clothing is increasing day but production rates still can not match the ever increasing demand. To match the demand for more facilities are needed.
Globalization has supported merchandise in several ways, however, because of globalization Competition get up and therefore it is not very easy for companies to deal with intense competition, because they need to maintain the quality and also meet the deadlines. Few merchandise polices are still much in favor of developing countries and help imports from developed nations that they have to review.
As the fashion industry is driven by fashion and fashion keeps changing, companies need to cope up with the changing trends of fashion industry. Therefore, they usually have to work under pressure to complete orders in time.
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