Because of costs, the majority of our clothing is produced overseas. In other words, it costs more to manufacture in the United States than to outsource it to poorer nations. However, that greatly oversimplifies the intricacies that make it (practically) impossible to produce clothing in the US without a significant transformation of the apparel sector. A fundamental change in our expectations and those of our customers, for that matter. The reduced labor costs compared to local manufacturing are one factor in the production of apparel in developing nations.For instance, if you were a clothing maker and you sold $20 t-shirts for $100 each, most retailers would view this as a reasonable markup. You can keep roughly 25% of the sale price if it costs you $15 to create each garment. What if, however, your production costs dropped by 60%? Suddenly, your profit on each shirt sold would increase from 25% to 87%. As a result, the business will be able to create more shirts with less capital outlay, or, to put it another way, they'll have more cash on hand after paying for manufacturing costs. Since wages aren't too high locally, textile industries rely heavily on these labor markets abroad. The overall amount of textiles exported by the European Union, however, is far more than that of India. True, not all clothing is produced in underdeveloped nations.Reduced manufacturing in other countries and efforts to make the fashion business more sustainable are other minor but significant trends (Why Are Clothes Made in Other Countries?, 2022).

According to Boston Consulting Group, the global textile and clothing market will increase at a compound annual growth rate of 3.5% from its retail market value of $1.9 trillion in 2019 to $3.3 trillion in 2030. According to predictions made prior to COVID-19, future demand will likely be driven by population expansion, increased disposable income, and rapid urbanization in developing nations. Exports of textiles and clothing account for a sizeable portion of the total exports in a number of nations, including 85% in Bangladesh, 59% in Pakistan, 12% in Turkey, and 11% in Egypt. However, despite the fact that many nations are well-positioned in the raw material or production stages of the global value chain (GVC) for textiles and apparel, they are only having a limited impact in the absence of retail (which consists of marketing, branding, and sales). They do have untapped potential that is only waiting to be released so they can profit more from the global markets. Millions of people are employed in this labor-intensive sector, which accounts for a sizable portion of all manufacturing employment in member nations of the Islamic Development Bank (IsDB).Targeted investments in the textile and clothing business could result in real economic gains for investors. One such potential is the use of recycled and sustainable fibers, which are positioned to gradually replace raw materials that are resource-intensive. In addition, the employment of sophisticated, smart fabrics in a variety of sectors, including the automobile, building, and medical equipment, has huge potential (How The Textile Industry Can Help Countries Recover From COVID-19 - World, 2020).

How the textile industry can help countries recover from COVID-19 - World. (2020, August 12). ReliefWeb. https://reliefweb.int/report/world/how-textile-industry-can-help-countries-recover-covid-19

Why Are Clothes Made In Other Countries? (2022, March 6). Branded Joy. from https://brandedjoy.com/why-are-clothes-made-in-other-countries/

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Please JUSTIFY or Agree/Disagree with the writer or Answer the Following in half page (SHORT NOTE). And please do mention if you are Justifying,Agreeing,Disagreeing or Answering the Following. Thanks

The note should have intext citations. For example, anything with numbers or quotes per paragraph. The intent citation just needs to be the Author's last name and year it was published. Please also include REFERENCES. Thanks