Nevertheless, the significance of effect that political factors might have upon the business may differ vastly.
New York garment industry was nominated by the Jews and Italians bybut with the immigrants there were seen many rise and fall in the garment industry.
But a major turnover was notice by the end of when most Africans opened garment workshops. Bythere was again downfall to the economy of country due to high rates of shop rent, which left drastic effect on the garment industry.
Till today it is noticed that garment industry had suffered many downs but still manages to boost up again. Political Factors One of the reasons that Garment industry had to face the rise and fall is because of the political instability. The economy is intervened by the laws and policies issued by the government which results in ups and downs of the industry.
The laws like recycling of waste, policies regarding import, export and trade has a major impact on garment industry. Garment industry is also affected by the rules and regulation regarding taxation and these rules change in every country effecting the economic growth of garment industry.
Economic Factors Economic growth of the industry in seen in the high time, when interest rate is low, the sales are magnificent and large profits are seen. Not only this but the inflation rate and exchange rate have also affected the economy of garment industry.
Another factor is the credit crisis that is not only problem for the producer but for buyer as well. Social Factors Garment industry is mainly affected by the social behavior of the people and their attitude towards the product. The culture difference and the attitude of people towards the career affect the industry.
The cost of the labor also depends on the society and that affects the cost and sale of the company. Many social causes such as rules against child labor has also affected the garment industry.
In addition to that fashion trend changing so quickly has led garment industry to take into acknowledgement and change their product accordingly.
Technological Factors With the advancement of technology, the method used by garment industry has changed, which has speed up the process but increased the cost as well. The technological factor can also affect the garment industry by defining the availability of the resources and their optimal use.
The process used now-a-days in mainly automatic but not every owner is able to used due to increase in the cost. Legal Factors Many social activists were seen after the owners of garment industry for the issue of child labor and many legal activities were held accordingly.
Other legal issues were regarding the policies and laws held by the government. Environmental Factors Issues regarding recycling of the product have remained critical for the garment industry to help keep the environment clean.
Other such issues that affect industry are global warming and clearance of some natural resources to produce the garments. Conclusion Garment industry is one of the leading sectors of a country. Therefore the typical business environment analysis for this sector is necessary.
Judgment of flaws and judgment of opportunities are important for the improvement of garment industry. It faced all the problems and continued to flourish.ID - Packing - Mkt Seg - Other Country - Lang - Cur - customer INCOTERM_PLACE COLORS & SIZES MERCH STR EcoPackaging DELIVERY PRICE PURCHASE COND LEAFLET ITEM.
Supplier Power. In the fashion retail industry, supplier power is a relatively small and insignificant force.
Most apparel companies source their products from third world manufacturers who receive just fractions of . The report provides an in-depth PESTLE analysis of economy of Mauritius and provides an insightful SWOT analysis of the country.
Using this study, investors can easily understand the strengths, weakness, opportunities, and threats in the Mauritian economy. Political Factors. Politics is linked to the business world as it plays a vital role in structuring of a business just like economics. Nevertheless, the significance of effect that political factors might have upon the business may differ vastly.
Port Manteaux churns out silly new words when you feed it an idea or two. Enter a word (or two) above and you'll get back a bunch of portmanteaux created by jamming together words that are conceptually related to your inputs.. For example, enter "giraffe" and you'll get .
industry has become a key source of manufacturing exports (80%) and formal employment (65%), and contributes % to the country’s GDP; • The garment industry is .