Offshore apparel manufacturing may move back home as automation takes over

Related Keywords: apparel, apparel manufacturing, Bangladesh, China, export, fabric, garment, import, jeans, labour, manufacturing, production, sewing, supply chain, Textile, tshirt, workers

China
Offshore apparel manufacturing may move back home as automation takes over
Summary: 
Offshoring of apparel manufacturing has been a blessing for many developing countries. The readymade garments (RMG) industry, employer of 4 million workers, mostly rural women, contributes more than 80 percent to Bangladesh's export

Offshoring of apparel manufacturing has been a blessing for many developing countries. The readymade garments (RMG) industry, employer of 4 million workers, mostly rural women, contributes more than 80 percent to Bangladesh's export revenue. Low-cost labour has been the primary reason for western retailers to wait for months to get a shipment from offshore destinations. Once technology becomes a cheaper alternative to the least costly manufacturing labour, will apparel manufacturing complete the journey in returning home?

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Vardhman Textiles expects Q3 margins, revenues not to be great.

Related Keywords: acrylic fiber, adjusted with Cotton price, Benetton, brand GAP, H&M, holding cotton, Indian spinning companies, largest manufacturer, not great, Peter England, sewing, third quater, Uniqlo, Van Heusan, Vardhman Textile, yarn, yarn price

Mumbai
Vardhman Textiles expects Q3 margins, revenues not to be great.
Summary: 
Vardhman Textiles is among India's largest manufacturers of yarn, sewing threads & acrylic fiber. It manufactures for brands like GAP, H&M, Uniqlo, Benetton, Wills, Van Heusen, and Peter England.

Vardhman Textiles is among India's largest manufacturers of yarn, sewing threads & acrylic fiber. It manufactures for brands like GAP, H&M, Uniqlo, Benetton, Wills, Van Heusen, and Peter England.

According to Neeraj Jain, Joint Managing Director, Vardhman Textiles the third quarter results are not expected to be great and revenue could be in single digits or early double digits as compared to around 18 percented reported in Q2.

http://www.moneycontrol.com/news/business/vardhman-textiles-sees-q3-margins-revenues-under-pressure_1262826.html
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