The key influences on garment sourcing in the Post-Post Quota World
Between 2007 and 2009, garment sourcing was shaken by four separate, but linked, influences:
- Rapid growth in the worldwide market for clothing till early 2008, followed by an abrupt reversal into decline.
- Garment makers were weakened by difficulties in dealing with the constant changes in raw material, shipping and energy inflation, exchange rates and interest levels both during the boom and during the recession.
- The normal cycle of changing consumer, commercial and political pressures
- The final abolition in early 2009 of all restraints on Chinese and Vietnamese exports to the EU and US.
From mid-2008 and through 2009, most buyers' and sellers' attention was focused on questions about recession and recovery, and businesses' ability to deal with them.
But that diverts attention from one fundamental fact. Though many described the sourcing environment after 2005 as "the post quota world", continuing restrictions on China and Vietnam meant that only in early 2009 did the Post-Post Quota world emerge.
The World of Apparel Sourcing 2010-2012 looks at the trends that influenced apparel sourcing between 2007 and 2009 and reviews which of them are likely to change between 2010 and 2012. It then makes detailed forecasts for the net effect on apparel exports from over 60 countries in 2010, 2011 and 2012.
Download the World 2010-2012 Summary