Technological Factors With the advancement of technology, the method used by garment industry has changed, which has speed up the process but increased the cost as well. Instead, small companies must adapt to these macroenvironmental factors, which include consumer characteristics, technology, government influence and the economy.
Technological Factors Technological microenvironmental factors affecting the clothing industry include availability of resources, demand and production. The culture difference and the attitude of people towards the career affect the industry. With the apparel industry being labor-intensive, the effect employee laws have are significant.
Conclusion Garment industry is one of the leading sectors of a country. For the apparel industry in the united states, the future does not look promising. This can cause delays for retailers in getting spring or fall fashions on time. Wage and salary employment in the apparel industry is expected to decline 69 percent throughcompared with an increase of 16 percent for all industries combined.
This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market.
CIEL Textiles, which supplies goods for major European clothing retailers, improved its bottom line earlier this year through rounds of cost cutting. Added-Value Some Mauritian companies are moving upmarket, concentrating on high-value-added items with short lead times, whilst also upgrading production and trying to enhance efficiency.
The study provides knowledge on the leading and emerging industries in the country.
In particular I will be going in-depth on the U. Legal Factors Many social activists were seen after the owners of garment industry for the issue of child labor and many legal activities were held accordingly. However, the consumer price index is also up 0.
Clothing manufacturers and retailers may also need to sell lower-priced clothing brands to compete with more generic brands. Political Factors One of the reasons that Garment industry had to face the rise and fall is because of the political instability.
Environmental Factors Issues regarding recycling of the product have remained critical for the garment industry to help keep the environment clean. CMT Spinning Mills, established in and which employs fewer than people, produces an average of 4m T-shirts per month from its high-tech mills.
Workers picketing their clothing employers impacts production. Trade regulations are probably the single most important factor influencing this industry in the United States. Real GDP increased 3. The increase was contributed to an increase in personal consumption expenditures, equipment and software, exports, and residential fixed investment BEA.
Features of This Report: Other such issues that affect industry are global warming and clearance of some natural resources to produce the garments. The introduction of new clothing styles by a competitor can shift demand away from older fashions. Economic Factors Economic growth of the industry in seen in the high time, when interest rate is low, the sales are magnificent and large profits are seen.
Retailers may increase the prices of cotton clothing if they encounter shortages of this raw material, as they must pay their manufacturers more. In this capitalistic, free market-oriented economy, corporations and other private firms make the vast majority of microeconomic decisions, and governments prefer to take a minimal role in the domestic economy.
The unemployment rate had ranged from 4. Generally, many people become more sedentary when they get into their 40s and 50s.
The report outlines that the country faces a challenge from its high dependence on European countries, which account for two-thirds of Mauritian exports.
Workers in the apparel manufacturers are exposed to many harmful chemicals and noises which include cotton dust, dyes, and machine noise. Some Mauritian companies are amongst the world leaders. Employee rights in the United States have a substantial effect on business.
And they may have to sell the clothing at substantially reduced prices.
To operate in this industry it is vital to comply with these standards. As a result, the U. Mauritius benefits from its highly developed service sector and profitable manufacturing sector.
However, recessions have the opposite effect. A strong economy indicates positive results for businesses and consumers, and a weak economy indicates quite the opposite.
Benefits of a Lucintel Report: Activists who are not employed by the companies may also picket retailers who purchase clothing from countries known for violating child labor laws.Garment industry is one of the leading sectors of a country. Therefore the typical business environment analysis for this sector is necessary.
Judgment of flaws and judgment of opportunities are important for the improvement of garment industry. The report provides an in-depth PESTLE analysis of economy of Mauritius and provides an insightful SWOT analysis of the country.
Using this study, investors can easily understand the strengths, weakness, opportunities, and threats in the Mauritian economy.
Pestle Analysis In A Garment Manufacturing Industry In Mauritius PESTLE ANALYSIS INTRODUCTION Deepkamal Exports Pvt Ltd is a % export oriented company We are a government recognized Star export house and deal in Spices, Oil seeds and Dehydrated vegetables.
Pestle Analysis of Mauritius. In PESTLE analysis of Mauritius, I analysis the political, economic, social, technological, legal, and environmental structure of Mauritius.
Uses of Country Analysis Report: Understanding gained from country profiles can be used to plan business investment or market entry in a particular country. Ali jamal the student of mint-body.comATION I Mr.
Ali jamal (Signature).Com Business Management 3rd Semester () hereby declare that I have completed the project on ―PESTLE and Demographic Analysis of Mauritius‖ The information submitted is true and original to the best of my knowledge.1/5(2).
Mauritius benefits from its highly developed service sector and profitable manufacturing sector. This report includes an in-depth analysis of the macroeconomy of Mauritius, as well as the nation’s political scenario, and social and technological mint-body.com: €Download