Consumer Discretionary

Current Trends In The Global Textile Manufacturing Industry 

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<div style="text-align: justify;"><p><span xml:lang="EN-US" data-contrast="none">A quick review of popular textile trade journals, global news magazines, fashion publications, themes of global textile and apparel trade shows, global production statistics, and global import-export news reveals that the following factors may contribute to the continuing adjustment and reshaping of the global textile industry:</span></p><p><strong><span style="font-size: 12pt;" xml:lang="EN-US" data-contrast="none">Reshoring and Tactical Rebalancing of Supply Sources</span></strong><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:279}">&nbsp;</span></p></div><div style="text-align: justify;"><p><span xml:lang="EN-US" data-contrast="none">Increasing labor costs in traditional manufacturing countries such as China are forcing major importing countries to expand and diversify their supply sources. Recent disruption in manufacturing and transportation activities due to COVID also forced importers to diversify and look for sources that can cut down lead times, transportation costs, and supply chain risks.</span></p><p><strong><span style="font-size: 12pt;" xml:lang="EN-US" data-contrast="none">Sustainable Practices</span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:279}">&nbsp;</span></strong></p></div><div style="text-align: justify;"><p><span xml:lang="EN-US" data-contrast="none">There's an increasing emphasis on sustainability throughout the textile supply chain, from sourcing raw materials to manufacturing processes and end-of-life recycling. This includes using eco-friendly materials, reducing water usage, implementing energy-efficient practices, and adopting circular economy principles.</span></p><p><strong><span style="font-size: 12pt;" xml:lang="EN-US" data-contrast="none">Digitalization</span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:279}">&nbsp;</span></strong></p></div><div style="text-align: justify;"><p><span xml:lang="EN-US" data-contrast="none">Textile manufacturers are embracing digital technologies like IoT (Internet of Things), AI (Artificial Intelligence), and automation to improve efficiency, reduce costs, and enhance quality control. Smart factories equipped with connected devices and data analytics are becoming more prevalent.</span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:279}">&nbsp;</span></p></div><div style="text-align: justify;"><p>&nbsp;</p><h2><span style="font-size: 14pt;" xml:lang="EN-US" data-contrast="none">New Industry Emergence Facilitated by Technological Advances</span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:279}">&nbsp;</span></h2></div><div style="text-align: justify;"><p><span xml:lang="EN-US" data-contrast="none">Advances in textile technologies such as 3D knitting and weaving, digital printing, emerging new materials, and sensor-embedded smart textiles are promoting new manufacturing facilities in developed countries. Possibilities for new and unique designs, functionality, and product performance are expanding rapidly.</span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:279}">&nbsp;</span></p></div><div style="text-align: justify;"><p><strong><span xml:lang="EN-US" data-contrast="none">Enhanced Transparency</span></strong><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:279}">&nbsp;</span></p></div><div style="text-align: justify;"><p><span xml:lang="EN-US" data-contrast="none">Transparency and traceability are being improved due to consumer demand. Manufacturers are implementing blockchain and other technologies to track the journey of materials from source to finished product. This trend promotes ethical and sustainable practices.</span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:279}">&nbsp;</span></p></div><div style="text-align: justify;"><p><strong><span xml:lang="EN-US" data-contrast="none">Focus on Slow Fashion</span></strong><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:279}">&nbsp;</span></p></div><div style="text-align: justify;"><p><span xml:lang="EN-US" data-contrast="none">While fast fashion continues to dominate the market with its rapid production cycles, there is also a rising interest in slow fashion. This trend is characterized by sustainable and ethical production, product quality and durability, and timeless design.</span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:279}">&nbsp;</span></p></div><div style="text-align: justify;"><p><strong><span xml:lang="EN-US" data-contrast="none">Online Shopping and Digital Commerce</span></strong><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:279}">&nbsp;</span></p></div><div style="text-align: justify;"><p><span xml:lang="EN-US" data-contrast="none">The shift towards online shopping continues to reshape the retail landscape, influencing textile manufacturers to adapt their marketing strategies, distribution channels, and product offerings to cater to the growing demand for digital retail purchases.</span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:279}">&nbsp;</span></p></div><div style="text-align: justify;"><p><strong><span xml:lang="EN-US" data-contrast="none">Personalization</span></strong><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:279}">&nbsp;</span></p></div><div style="text-align: justify;"><p><span xml:lang="EN-US" data-contrast="none">Consumers increasingly seek personalized and customizable textile products, driving manufacturers to adopt flexible production processes that accommodate smaller batch sizes and faster turnaround times.</span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:279}">&nbsp;</span></p></div><div style="text-align: justify;"><p><span xml:lang="EN-US" data-contrast="none">These trends are likely to drive the continuing evolution of the textile industry.</span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:279}">&nbsp;</span></p><p>&nbsp;</p><p>&nbsp;</p><p><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:259}">&nbsp;</span></p><p><span style="font-size: 10pt;"><span dir="ltr"><em>This article was contributed by our expert </em></span><a href="https://www.linkedin.com/in/dr-radhakrishnaiah-parachuru-0960ba20/" target="_blank" rel="noopener"><em>Dr. Radhakrishnaiah&nbsp;Parachuru</em></a></span></p><p>&nbsp;</p><p>&nbsp;</p><h3><span dir="ltr" style="font-size: 18pt;">Frequently Asked Questions Answered by Dr. Radhakrishnaiah&nbsp;Parachuru</span></h3><p>&nbsp;</p><h2><span style="font-size: 12pt;">1. What is the new technology in textile manufacturing?</span></h2><p>Textile manufacturing involves not just one but several different technologies. For example, spun yarn is produced using multiple technologies and so are woven and knitted fabrics and sewn garments. If I look at and analyze what technology is penetrating and making a significant impact on all sectors of the industry, I have to say it is Artificial Intelligence (AI).</p><p>&nbsp;</p><h2><span style="font-size: 12pt;">2. How has the increase in labor costs in countries like China influenced the trend of reshoring the textile industry?</span></h2><p>The main problems that have made the Chinese textile industry somewhat less competitive in recent years are the increasing labor cost, the gradual reduction of government subsidies offered to the industry, and the burden associated with mitigating pollution.&nbsp;<br>Many price&mdash;and value-conscious importers from developed countries are shifting to other supply sources that offer a realtive advantage.</p><p>&nbsp;</p><h2><span style="font-size: 12pt;">3. What is the global market scenario for the textile industry?</span></h2><p>Consumers, especially those from developed countries, are beginning to value environment-friendly products made from natural fibers. Traditional chemicals that are harmful to the earth are finding replacements. New technologies that ensure a good fit without the need to touch and wear garments are promoting more and more online trade and e-commerce.</p><p>&nbsp;</p><h2><span style="font-size: 12pt;">4. How can textile manufacturers balance the need for eco-friendly materials with the demand for high-performance textiles?</span></h2><p>Where high performance is a critical requirement such as in healthcare and injury prevention applications, lack of&nbsp;eco-friendliness is more tolerable. Commodity products used for everyday wear are receiving greater scrutiny for eco-friendly behavior.</p><p>&nbsp;</p><p>&nbsp;</p><p>&nbsp;</p></div><div><p style="text-align: justify;"><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:279}">&nbsp;</span></p></div>
KR Expert - Dr. Radhakrishnaiah Parachuru

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