1. Global Apparel Sourcing for US----The post January 01, 2005 scenario.
... US apparel and textile industry now? It is suffering from surge of Asian and Central American imports. Companies have shifted their sewing plants overseas where cheap and skilled labor out competes their US counterparts by the mile. With NAFTA (North American Free Trade Agreement) in effect, US manufacturers, in ... to "shrink yourself to success-. Textile makers say they began skidding into their current slump following the "Asian flu- of 1997 and 1998 when cheap foreign imports gate crashed the US market as a result of the Asian currency crisis. Because of the devaluations, textile an...
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- Grade Level: High School