The phase out of quotas has triggered a shake out not only in the supplier base but also amongst suppliers. Suppliers with an ability to differentiate themselves from price based competition will be the survivors in the new world order.
Large suppliers in China, India, Bangladesh and Sri Lanka are focusing on strategic partnerships with key buyers to ensure consistent flow of orders. Buyers, similarly, have a game plan of supplier consolidation and long-term relationships rather than short-term transactions.
Future trade in textile and apparel is expected to see some continued uncertainty. The safeguards against imports from China by EU and US brings home the message that it is still some time before the beginning of a "real" quota free world.
The 4th ITAC 2006 (International Textile and Apparel Congress 2006) is planned with this background. The Congress will address the issues, challenges and solutions that are likely to influence the textile and apparel trade, going forward. The theme of the Congress is "Competing Successfully and Profitably".
As we move into a more competitive world, all textile and apparel businesses will need to revaluate their resources and tools. The 4th ITAC 2006 brings forth the need to efficiently manage human resources and information technology for business growth.
The recession in consumer shopping spirit in EU has had a direct impact on apparel imports by EU. The 4th ITAC 2006 deliberates on understanding consumer trends and retail movements and their influence on the textile and apparel trade.
India is the fastest growing economy after China. The 4th ITAC 2006 closely looks at the India: as a supply base and as a market for textile and apparel.
The 4th ITAC 2006 is the forum for the textile and apparel trade. It is planned to scan and question the current business environment and review the winning strategies.
International Textile and Apparel Congress 2006
marketing@alchempro.com
