Learning objectives
     Current trends in global sourcing
     Leading textile and apparel importers and exporters 
     Differences between old and new market environments
     Textile complex and soft goods industry
     North American Industry Classification System to analyze business 
       activities within the industry 
     Impact of global sourcing on manufacturing, wholesale, and retail  
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        Global Sourcing in the Textile and Apparel Industry
        Recall the definition of  SOURCING 
        and GLOBAL SOURCING from Lesson1
         Sourcing: a set of business processes and activities by which 
            businesses acquire and deliver components or fully finished 
            products or services from outside of the organization, with the 
            objective of:
        Finding, evaluating, and engaging suppliers for 
        appropriate goods and services to achieve long-term competitive 
        advantages. Sourcing is a B2B activity
         Global sourcing: same as sourcing, in a global marketplace
        Global Sourcing in the Textile and Apparel Industry                   3
       Watch..the «old Silk road»
       https://www.youtube.com/watch?v=vn3e37VWc0k
       The Silk Road and Ancient Trade: the first “World Wide 
       Web“
       Of history
       Global Sourcing in the Textile and Apparel Industry          4
       Watch..the «new Silk 
       road»
       https://www.youtube.com/watch?v=EvXROXiIpvQ
       China's trillion-dollar plan to dominate global trade
       Global Sourcing in the Textile and Apparel Industry      5
    New market environment
         Annually, the world exports over U.S. $800 billion worth of 
           textiles and apparel (WTO).
         In the beginning developed countries used to be the suppliers 
           of textiles and apparel in 1960s.
         Today China, Bangladesh, and Vietnam are the leading apparel 
           suppliers/exporters. Turkey is steadily growing.
         United States and Japan are the major importers (or sourcers) 
           of textiles and apparel.
        Global Sourcing in the Textile and Apparel Industry           6