SEVEN MACRO TRENDS IN THE TEXTILES AND APPAREL INDUSTRY 2008
April 1st, 2009
BY LEE ADENDORFF
IF there was a year when long-term textile and clothing market forecasters missed by a mile, 2008 was it. Forecasts made in 2007 were dominated by looming concerns about trade restrictions, investment in technology, a potential slow-down of production and a consolidation of business investment but no one predicted what devastating effects an unexpected recession would have on the textiles and apparel sector. The closure of hundreds of operations around the world and the loss of thousands of jobs, with thousands more uncertain, just simply was ...
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