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Perfect Sourcing Magazine - December 2017
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In this issue
Rather than reminiscing about 2017, I would like to highlight some of the noteworthy figures revealed after a recent survey conducted for the apparel and textile industry by the well-known consultancy, Wazir Advisors. I do so primarily because initial indications seem somewhat paradoxical, in that there is a spark of light at the other end of this dark tunnel most of us are unhappy about.
73 per cent of the respondents to the survey said that demand as well as profit in the textile and apparel industry had decreased during the initial months of of GST
implementation, while almost two-thirds reported an increase in unemployment.
Manufacturers reporting lower demand thus indicate a depletion of stocks in the
supply chain. The impact of GST on input cost did not have a clear-cut trend as 33 percent said the input costs had decreased while 47 per cent said that they had increased.
Perfect Sourcing Magazine Description:
The leading publication for the Indian export textile & apparel Industry.The magazine is distributed free of cost at more than 30 national and international B2B fairs and exhibitions related to apparels, home textiles, hard goods, denims, machinery and, accessories. We have a good presence at industry conferences, seminars, symposiums, etc.With a circulation of 27,000 copies every month we offer you the opportunity to be in front of approx. 30,000 potential clients who are either the Chairman, MD’s, CEO’s CFO’s COO’s, Owners, production and merchandising teams in textile, home textile, fabric, testing, apparel, floor coverings, handicraft, rugs and retail market of India, who make decisions on company’s behalf.
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