megavideolinks
Joined: 19 Nov 2011
Posts: 273
|
 Posted: Thu Nov 24, 2011 12:32 am Post subject: dying industries Manufacturin |
 |
|
Within the 10 dying industries, manufacturing is the first sector to be discussed. Here, the apparel manufacturing and
milling industries are relevant. As noted above, these manufacturing sectors include the following industries: men’s and
boys’ apparel; women’s and girls’ apparel; costume, uniform, infant and other apparel; hosiery and socks; textiles;
carpeting; and apparel knitting mills.
Commercial Insights | Sales and Marketing – May 2011 | ABA Center for Commercial Lending & Business Banking | www.aba.com
Copyright 2011 – American Bankers Association, All Rights Reserved
When ranking the hardest hit industries over the past decade and for the foreseeable future, these seven industries (two
sectors) were all scattered among the top 30 industries that were most in decline. Many of these industries were among
the top 10. Largely speaking, apparel manufacturing and mills in the United States are affected by the first point made
above, which is damaging external competition. Many U.S. manufacturers have moved their production activities
overseas, where low wages help keep costs down. IBISWorld expects that the bulk of these transfers have already
occurred, so within the next five years, fewer entrants will actually take the leap. Consequently, the projected declines in
industry establishments for apparel manufacturing at 11.3 percent and mills at 12.8 percent will be due to competitors
closing shop rather than moves to offshore locations. Generally speaking, new products can be made more cheaply
overseas, cutting down the need for domestic mills and apparel manufacturers.
In this sector, U.S. producers have some competitive strength linked to strong apparel design, brand development and
good textile and product quality. U.S. producers have significant technological competence; however, it is limited to a
short time span because firms in developing economies will eventually implement similar technologies.
Furthermore, American-based operators possess advanced advertising and promotional skills and have access to a large
consumer market. Specifically related to the textile industry, the non-woven fabrics segment holds some resistance to
decline. Because of the advanced technologies used within the materials themselves, operators cannot move their
businesses overseas. Many countries do not have the technology to produce flame-resistant or moisture-absorbing
fabrics, which may represent a niche that is a key to survival and success. Berkshire Hathaway is a major player in the
entire milling sector. Hanesbrands is a strong player in mills and apparel manufacturing.
__________________
manufactured home dealers
goodyear tyre prices |
|
