Except for China, where the government artificially controls exchange rates, the weak dollar has had a big effect in making U.S more attractive than some Asian suppliers. Retailers are continuing to re-evaluate their sourcing models. U.S are seeing more "comeback sourcing," where programs are returning to this hemisphere from Asia. Customers are finally calculating the real value of creativity and response time, and they are realising cheap prices alone are not the answer. It is believed that U.S has seen the bottom, and that U.S. consumption of cotton and other textile fibres will recover from here forward.
(Image source: Flatworldknowledge.com)
No comments:
Post a Comment