
Battered by foreign competition and imports, the domestic textile and apparel manufacturing industry is re-emerging. A renewed focus is on product innovation and technological investment as manufacturers explore fresh approaches. Import tariffs protect the domestic industry but are disputed internationally. Apparel manufacturers seek to meet demand by quickly reacting to changing consumer trends, chiefly driven by disposable income. Additionally, manufacturers are working with retailers to strategize how to maintain low inventories. A strong economy along with intellectual and technological advancements will aid manufacturers in increased production of groundbreaking products and maintain the vigor of this culturally significant industry.
Industry InsightsCarpets: Tightly Intertwined with the U.S. Economy Innovation Driving Positive Outlook for Nonwoven Fabric Industry Textiles in 2010: A Light At The End of The Tunnel Retail Clothing: How Exposed is this Industry to Economic Change? Textiles: Unraveling in Response to Global Competition Cotton: U.S. Supply Decreasing while Overall Demand Increasing Flooring: Declining Housing Market Significantly Impacting Supply and Demand AdVisory™ Insights |
Successes$5 Million Savings Generated Through New Income Tax and Property Tax Strategy Industry Leader Completes $1 Billion Acquisition in Full Compliance with Accounting Standards |