Australia’s STA (formerly ACASPA) has received a sizeable grant for workforce development.
Global economic crisis and changes in water-sports participation have reduced demand.
Aims to become a top five exporting nation.
Feedstock chemical indicates increasing demand for synthetic fiber.
Award recognizes military groups' work to develop improved camouflage patterns.
New collaboration will allow groups to expand offerings at textile events.
NASA's small business investment drives innovation for future space missions.
The conference is planned for April 26-27 in Asheville, N.C.
Register now for a SBA webinar on social media for disaster recovery.
Warren S. Perkins has been elected by the association's board of directors.
The academy was established to enhance knowledge and professionalism.
Legislation would extend a provision allowing the use of SBA 504 loans.
According to a report, businesses are shedding parts of deemed ‘non-core.’
Mexico took the first step in an official dispute resolution process through the WTO.
Textile Exchange partnered with the OIA on a new organic content standard.
In an IFAI business climate survey, three factors constraining growth in the U.S. specialty fabrics market were mentioned: high raw material costs, overseas competition, and high oil/energy prices. From September –December 2008, high raw material and petroleum-related prices were exacerbated by tighter credit markets and record unemployment.
Survey respondents reported some positive factors: increasing market share due to increased consolidation, greater export opportunities, and development of new technology and growth in eco-friendly green markets. Growth markets include medical textiles, military applications, safety and protective products, and the domestic and international use of geosynthetics.
Increases in raw material and energy costs, increased labor costs and medical insurance premiums and the possible long-term shrinkage of the military market were mentioned as threats to growth. The poor economy means a weak U.S. dollar, tighter credit and reduced consumer buying. Overcapacity could be a problem, due to increased costs, decreased customer demand and global competition, especially from China and India.
In response, suppliers will focus on high value products, profitable niche markets and product diversification, improving manufacturing processes, R&D and information technology. Advertising, marketing and sales promotion will be key.
From the 2009 State of the Industry Report. Purchase a complete report at the IFAI Bookstore.