Countdown to 2005: Trade’s New World

Manufacturers in Latin America have invested in ever-larger factories like Koramsa&#8217s in Guatemala City in an effort to keep up with Asian competition

Image Credit: WWD Staff

Manufacturers in Latin America have invested in ever-larger factories, like Koramsa’s in Guatemala City, in an effort to keep up with Asian competition.
Peter McGrath, of J.C. Penney Co. Inc., said, “Smart sourcing people are going to be really cautious until we see things settle down.”

Image Credit: WWD Staff

Peter McGrath, of J.C. Penney Co. Inc., said, “Smart sourcing people are going to be really cautious until we see things settle down.”
“We certainly believe that there will be turmoil,” in early 2005, said Carlos Arias, of Koramsa.

Image Credit: WWD Staff

“We certainly believe that there will be turmoil,” in early 2005, said Carlos Arias, of Koramsa.
Chinese manufacturers, like Luen Thai, build massive dormitories at their factory compounds, for their largely migrant worker population.

Image Credit: WWD Staff

Chinese manufacturers, like Luen Thai, build massive dormitories at their factory compounds, for their largely migrant worker population.

Manufacturers in Latin America have invested in ever-larger factories like Koramsa&#8217s in Guatemala City in an effort to keep up with Asian competition