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What are some strengths and weaknesses regarding the information in the picture? Industry Statistics Numerous sources, ranging from government agencies to industry trade associations, provide

What are some strengths and weaknesses regarding the information in the picture?

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Industry Statistics Numerous sources, ranging from government agencies to industry trade associations, provide industry statistics that help managers assess the future of the industry. To help them determine the size of the baseball uniform industry, C&C managers start by looking at the U.S. Census Bureau's Annual Survey of Manufactures. Since this survey does no [ baseball uniforms as a separate category, the managers must look at the market for men's and boys' team sports uniforms as a whole. As shown in Exhibit Ti.7, shipments these uniforms have been somewhat cyclical-increasing to 2003 and then falling to 2006, increasing to 2008 and then falling to 2011, and finally increasing to 2016. The decreas in shipments in 2009 was particularly dramatic, possibly a result of the general declining economic conditions in the United States and the resulting lower consumer disposable incomes. $300 $250 $200 $ Millions $150 $100 $ 50 $ 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Year EXHIBIT T1.7 Value of U.S. men's and boys' team sports uniform shipments. Sources: U.S. Census Bureau, Annual Survey of Manufactures Value of Product Shipments: 2001; U.S. Census Bureau, Annual Survey of Manufactures Value of Product Shipments: 2004; U.S. Census Bureau, Annual Survey of Manufactures Value of Product Shipments: 2006; U.S. Census Bureau, Annual Survey of Manufactures Value of Product Shipments: 2008; U.S. Census Bureau, Annual Survey of Manufactures Value of Product Shipments: 2010; U.S. Census Bureau, Annual Survey of Manufactures Value of Shipments: 2011; U.S. Census Bureau, Annual Survey of Manufactures Value of Shipments: 2014; U.S. Census Bureau, Annual Survey of Manufactures Value of Shipments: 2016. IBISWorld, a leading provider of industry research and analysis reports, estimates that team sports uniforms account for 22.6% of the $1.2 billion costume and team uniform manufacturing industry (NAICS 31529). The market for team uniforms has been steady for the past five years, and there is little projected growth in the coming years. IBISWorld reports that manufacturers of these uniforms have largely moved manufacturing from the United States to countries that offer lower wage rates. Imports satisfied 69.5% of total U.S. demand in 2017, although this level is expected to decrease in the next few years as U.S. manufacturers increase domestic production levels. A bright spot for the team uniform industry is that many of the new high-tech specialty fabrics used in uniforms are produced primarily in the United States, which supports a healthy niche of domestic manufacturers that produce custom team uniforms using these materials.2 Consumers are willing to pay a higher price for a uniform that is durable and of high quality. Firms that provide a high level of customer service by producing special orders and making timely deliveries can establish a competitive advantage. While the majority of uniforms are sold through retail outlets, Internet sales are growing and becoming a more Important sales channel

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