Clothing Enterprises Must Take The Road Of "Value Economy"

According to the data released recently by China's < a target= "_blank" href= "//www.sjfzxm.com/" > clothing < /a > Association, in October this year, the number of garment exports increased by 20.5% over the same period last year, breaking the unfavorable situation of 13 consecutive months of negative growth. 1~10 months, China's clothing exports grew by 2.6% over the same period last year. < /p >
< p > however, data show that in the 1~9 months of this year, the sales revenue growth of 14328 garment enterprises above designated size has dropped from 13% at the beginning of the year to 10%, lower than the average level in the past two years, and the profit rate has dropped from 6% at the beginning of this year to 5.09%. At present, the number of deficit enterprises has reached 16.32% in the enterprises above Designated Size, and the average loss has increased by 47.75% over the same period. < /p >
< p > "we used to earn wage earners". Today, profits are decreasing, and the number of "migrant workers" in the world market is increasing. Chen Dapeng, executive vice president of China Apparel Association, said. < /p >
< p > according to the China Apparel Association, the average profit margins of small and medium enterprises that export low-end products are only around 3%. The compression of profits makes clothing orders more obvious to emerging economies. < /p >
< p > Chen Dapeng said that the garment industry urgently needs to realize the transformation from "scale economy" to "value economy", so as to enhance the overall competitiveness of the industry by supporting brand building, improving marketing channels and integrating industrial resources. < /p >
< p > China Apparel Association predicts that the export volume of China's garment industry will keep growing at a low speed for a long time, and the operating pressure of the industry will continue to increase. < /p >