Apparel Online India Magazine March 1st Issue 2019 | Page 24

REGISTER TODAY Interact with 30 top manufacturers from Asia, listen to over 40 retail industry experts share their views, rub shoulders with 500+ Brands & Retailers and catch Trend Forecast for 2020…, all at India’s Premier Sourcing Show happening on 15-16 March, 2019 at ITC Gardenia, Bengaluru (India). https://apparelsourcingweek.com/visit/order-pass STRENGTHS THAT DEFINE GARMENT MANUFACTURING DESTINATIONS THE SEARCH FOR THE BEST CONTINUES… Whether we talk about reshoring, nearshoring, offshoring, or outsourcing, it is all about procuring desirable products at a given price, quality and on-time delivery. And for this, it is imperative for sourcing teams to continuously explore new vendors and the unexplored manufacturing destinations. As far as companies selling in India are concerned, apart from China and Bangladesh, other manufacturing destinations have not delved into the Indian market that much. China is already exporting (to India) more than Bangladesh, but the potential that Bangladesh presents is huge and still largely unexplored. In an attempt to search for the most suitable sourcing destination, Apparel Online analysed the major aspects and strengths of many sourcing destinations covering Bangladesh, Cambodia, Ethiopia, Myanmar, Sri Lanka and Vietnam. As trade barriers are emerging in different avatars in the Western world, these countries are looking for newer markets, including India. A majority of these countries are lacking in fabric strength and thus depend mostly on China, India or any other fabric producing country, which is one of the main issues that constrains the growth of the country as a manufacturing destination, more so as turnaround times shrink in the fashion industry. 24 Apparel Online India | MARCH 1-15, 2019 | www.apparelresources.com