This is the age of Asia, including in apparel production. Indonesia, Cambodia and especially China are winning business away from Central America at an impressive clip. For example, Mexico, which once had favorite apparel-making status, saw its business slip 18 percent in the 12-month period ending May 31.
Even the passage of the Central American Free Trade Agreement in 2005, which lowers barriers to commerce, cannot stem the tide.
So far, CAFTA has had minimal impact. El Salvador and the Dominican Republic have also had double-digit dips.
For the complete WWDList, see tomorrow’s issue of WWD.
WWDList: Shifting Apparel Landscape
This is the age of Asia, including in apparel production.