MARKETING ANALYSIS OF THE DEVELOPMENT OF THE TEXTILE AND CLOTHING INDUSTRY
DOI:
https://doi.org/10.5281/zenodo.17480619Abstract
The textile and apparel (T&A) industry is a highly globalized, multi-trillion-dollar sector. Labor intensive, the industry has consistently relocated around the planet over the past half century in the pursuit of low-cost workers supported by preferential trade access. Today, these apparel production networks are dominated by low-cost Asian countries with very large labor-pools supplying primarily the European and United States (US) markets. The dominance of Asia in the industry has made it increasingly difficult for other producers around the world to compete, including those in Latin America and the Caribbean (LAC). Countries from LAC have participated in this globalized industry. However, there are currently no Latin countries amongst the leading ten exporters despite their proximity to the US.[8]
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