Where will the global factories of tomorrow be located?

17 Aug '20

1 min read

Pic: Shutterstock

The covid-19 pandemic and the consequent lockdowns has been a good time to sit back and ruminate, introspect, and plan corrective/mitigation measures for a world that was already in a mess. And many of the discussions have either overwhelmingly hovered around or at least touched one elementary question: where will the global factories of tomorrow be located?

"While buyer/importer compulsions and sentiments in the backdrop of anti-China sentiments, political tension and trade wars are significant, what is just as important to keep in mind is the ability of the factory countries to emerge from the ongoing covid-19 pandemic, as unscathed as possible," writes Subir Ghosh in the August 2020 edition of Fibre2Fashion.

The biggest player, China, has already made a comeback. The country, therefore, is expected to do well. Whether that will happen depends on extraneous factors, though China is well placed both as an apparel exporter as well as producer of textiles to take on the same mantle as it did during the financial crisis, Ghosh adds in his article 'Uncertainty Ahead'.

Subscribe to Fibre2Fashion magazine

ALCHEMPro News Desk (RKS)

More Textiles News - Global...