Outlook for the US Textile Inudstry in 2012

An annual report prepared by the Textile World on the outlook of the U.S. textile industry in the year ahead. The report covers topics ranging from the industry output, market evaluation, price, international trade, job market and policy enviorment.

As noted by the report “Despite declines in employment, job prospects for skilled workers, engineers and merchandisers should be tolerably good as the industry evolves into one that primarily requires people with good communication skills, creativity, and who are skilled enough to operate today’s high-technology, computer-operated machines.”

To read the fulltext of the report, click here

Textile Makers Fight to Be Heard on South Korea Trade Pact

Read the full article from the New York Times:

My comment:

It is important to realize that the U.S. textile industry and the U.S. apparel industry today are no longer close parnters. Why? Because they choose different restructuring strategies in response to globalization and rising imports.