Rising costs in China cause Western buyers to find alternative production locations.
Each winner to receive a free trip to imagiNATION™ 2014.
A silver-based antimicrobial that can be woven, knit, carded or spun into any construction.
India is the number two textile exporter in the world, with estimated exports of $40 billion in 2013.
An additional 8,400 businesses will become eligible for the SBA's financial and federal government procurement assistance programs.
Car seats using knitted sensors to warn drivers when they start to fall asleep are now being developed as part of a study.
Mirafi® geosynthetic outperforms others in Montana State University study.
Enables validation of certificate data to be integrated into online portals, cloud applications or databases used within a company.
Global Imaging will distribute two machines and multiple work stations.
Glass interlayer named “Most Innovative Decorative Glass Product.”
Intelligent material management system for sewn products industry.
Program support for 22 universities and organizations.
Patent asserted against 32 companies.
Recognition for Blue Jeans Go Green™ program.
Test methods and evaluation procedures explained.
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.