An Overview Of Global Fashion Industry

The global fashion industry is among the most crucial sectors of economy in terms of income, trade, investment and employment generation worldwide. Fashion industry has tremendous variety of products, small product life cycles, unpredictable and volatile demand, inflexible and long supply procedures. Over the past twenty yrs this industry is in the transition.

Few of their great contributors are:

Progressive use of electronic mercantilism in retail, Remarkable consolidation in retail, and Wholesale merchandise

The apparel and clothing industry makes dressing products from both synthetic and natural fibers such as silk, cotton, wool, polyester, Lenin, rayon, jean and Lycra. The great sections covered in garment industry comprise children dressers, dresses for females, men’s dresses, men’s bridal clothing, wedding clothing and lingerie.

The supply chain of industry

The supply chain provided by the fashion industry network can be classified into 5 main components as fabric plants, raw materials, clothes manufacturers, exportation chains, garb plants, consumers and retail shops.

Leading manufacturing businesses and their share

During 2006, the biggest garment manufacturing businesses and exporters were nations from Asia-pacific part which comprised nations such as Hong Kong, China, Malaysia, Philippines, Bangladesh, Indonesia, Ceylon, Thailand, Pakistan and India. Some other leading garment manufacturing countries were Italy, United States, Mexico and Germany.

Global trends and trade volume

Since the clothing manufacturing world has become more effortful and needs little capital money, their concentration are moving a lot toward the growing nations and still making big amount of the exportation. This could be proved by the reality that the clothing production in industrial nations has been reduced between eighties and 1996, where as production raised in growing nations on the same time period. Same trend was found in exportation, the clothing exportation from growing nations raised six-fold between eighties and 1997.

The total income of global fashion industry during 2006 was about 1, 252.8 billion US dollars, which was more or less sixty-eight percent of the total industry value.

The Industrial challenges

Even though the fashion industry is increasing at really a high rate however still there’s few barriers, which is obstructing the industrial growth. Few of them are:

Though the need for clothes is increasing daily but the rate of production is still can’t match the ever increasing demand. To match the demand more production facilities are required.

Globalization has supported the merchandise in several means however because of globalization the competition get raised and therefore it’s not really simple for the companies to cope with much competition, because they need to maintain quality and also meet the deadlines. Few merchandise polices still are much in favor of developing nations and to help imports from the developed nations they have to be reviewed.

As fashion industry is driven by fashion, and fashion keeps changing, the companies need to cope up with the changing trends of fashion industry. Therefore they normally have to work under pressure to complete orders in time.

Making a Mark in the American Fashion Industry

The main center of the American fashion industry is believed to be New York where the Fashion Week was held in 2009 featuring all the renowned names in the field not only from America but from all over the world. Although New York is supposed to be the ultimate spot for showcasing the latest fashion trends, Los Angeles is not far behind as is evident from the numbers of fashion houses which have crept up in the city during the recent years. Thus, the American fashion industry of the new millennium operates mainly from these two centers unlike the past when cities like Miami and Chicago served as the centers for fashion designing.

It is true that the American fashion industry has earned a reputation for itself for being an arena in which cut-throat competition is a way of life even for every day survival. Therefore, apart from the necessary bit of luck, aspiring models and designers who truly wish to create a name for them in the American fashion industry must possess certain basic attributes as well as pre requisites which would enhance their chances of building a worthy career. One of the most important attributes in this regard is to possess confidence in combination with an out-going personality which would not only enable one to speak out boldly but would also increase one’s chances of being noticed. Often described as flamboyant, a confident and indomitable personality is likely to make a mark and also reach places within the industry much sooner than others.

Fashion is about style and hence it is imperative for an aspiring fashion designer to be aware of the wide range of styles which are in keeping with the mind-set of the American people. Style is something which can be taught or learnt by an individual but is an inherent attribute which is honed by going through all the latest fashion magazines and understand the flexibility in clothing in terms of slim sizes and plus size clothing. At the same time, one must also be knowledgeable about the prominent fashion houses which dominate the American scenario at present so that a potential up-coming style can be easily spotted and capitalized upon.

As everyone related to the world of fashion must be aware of, it is not just the American fashion industry but the various fashion industries all over the world which now echo the sentiments of eco-friendly fashion in form of the ‘Green Revolution’. In order to express sympathy as well as concern towards the ecological issues like global warming and preserving the natural habitat of our beloved planet, the fashion industry is now focused on encouraging eco-friendly apparel and cosmetics thereby encouraging the sensible use of natural resources. Hence, an aspiring fashion designer might as well be aware of this latest trend and chalk out a career path accordingly.

Of course, ambition and experience are mandatory ingredients for an individual who is desirous of making it big in the American fashion industry as ambition which is short of arrogance often leads to unprecedented and unimaginable opportunities while experience can provide one with the all-important direction in one’s arsenal.