However, differentiation has been made possible because of difference in the product costs, quality, and services provided which affects the selection of substitutes Saluja, Reduction of cost by proper utilization of resources If the cost of different matters which is not being utilized properly is controlled by the management of Din Textile Mills, they can reduce this cost by efficiently utilizing the resource that are not utilized properly and by introducing the improved inventory management standards.
Since the elimination of quota in the yearmany new competitors as well as consumers have joined the global market. Enhancing the competitiveness and sustainable growth and development of the textile industry in China to create a new reserve of strength of the Chinese economy and secure in the long term for the textile industry unconditional leadership.
This to an extent has succeeded as consumers substitute the Chinese textile products for the genuine articles from the US and the E. Staple cotton Competitive strategies of chinese textile industry economics essay a short term period is a category of cotton which is readily available in Pakistan and which is of a very high quality.
This, joined with their up to date and high technological machinery, gives them the aggressive edge over rival firms in the global marketplace. If the country is not performing well company can suffer loses and due to the quota system the company can be restricted by the government to export.
Countries that put necessary measures like reduce taxes, as well as creating trading blocks with other countries are often potential threats.
The competition involves firms and countries trying different strategies. U, especially in the fashion segment Jones, Pakistan as a whole has a very low share and companies like Din textile can increase that share in the future. They are not commonly known to the general people and companies in the country and globally.
At the same time products from U. And in particular the purpose of this article is to analyze the situation of the textile industry of China in the world market and the prospects for its definition of sustainable and competitive development.
Big opportunities in the local low-end market The lower scale market is very much rewarding and worthwhile for the company to capture it as much of the textile companies are not producing products for that segment of market.
It also been argued that Products from China are similar to those made in India and can substitute one another. Threat of substitutes Even though textile and apparel products are necessities and there are no close substitutes for them, the global market has a variety of substitute products originating from different exporting countries Jack, Capture of untapped market segments from around the world The company has the opportunity to capture the untapped market segment like all other firm in the industry is having the same opportunity.
Small market share globally Although Din textile mills has pretty decent market share in the country, it has small market share in the global textile industry due to the sound competitors like china, and Bangladesh etc.
They can also expand their product line to other product bases which are more commonly sold in the international market. Opportunities Expansion of product lines Din Textile Mills is not dealing in knitwear.
Weak HR department Modern technology in the textile sector requires educated and trained technicians. Even though it may be difficult to carry out product or service differentiation in such a mature industry, price competition and product introduction have remain to be essential strategic elements for most competitors.
Globally Economic instability Similar to the above mentioned point, global economic instability is also a concern in the country. They have plants available and the extra cost for the production will be low, and they also have better market repute. There is hardly any investment in research and development in the Din Textiles, or indeed in any other Pakistani industry, which puts Pakistani textile companies at a significant disadvantage in the world forum.
However, such strategies are always met with equal forces by other countries making the competition even stiffer. In fact, each year they spend a huge proportion of their cash in the maintenance of their machinery.
Cheap Labour available Just like in all industries in Pakistan, Din textiles have availability of cheap labor at their disposal.
Each of us is qualified to a high level in our area of expertise, and we can write you a fully researched, fully referenced complete original answer to your essay question. Their machinery comprises of equipment used in spinning and weaving.
This is being done to get a competitive edge over rival firms so that when the WTO promulgates free economy in the whole world, DTML will have no problem in competing with international competitors.
Several competitors have arisen both from the same and other industries. Central decision making The decisions are made by the upper management which is weakness of the DTML because they have no proper idea about the situation and their decision can be not fruitful for the company."Chinese Textile Industry: Sustainable Development Challenges and Competitiveness issues in Economic Environment Dynamics (english version)," Published Papers de, Russian Presidential Academy of National Economy and Public Administration.
The objective of this paper is to examine how the development of a textile industry contributes to economic growth in the global economy. Because textile manufacturing is a labor-intensive industry, developing countries are able to utilize their labor surplus to enter the market and begin the.
The competitive position of Thailand's apparel industry: Challenges and opportunities for globalization Abstract Purpose – Recent liberalization of the world's textile and apparel trade policies and the consequent changes in trade patterns posited threats to smaller textile- and apparel-exporting nations, including Thailand.
The main objective of report is examine through what competitive strategies Chinese textile industry achieved international competences mainly after relaxation of quota’s and the comparative advantage the Chinese mills posses over Indian textile mills.
industries are important in economic and social terms, in the short-run by providing incomes, jobs, especially for women, and foreign currency receipts and in the long- have been built up between the garment industry and local textile suppliers.
e.g. China which affects T&C based strategies (though wages in southern China are already. However, with the sharp increase in the world market prices, the textile industry in China is losing its competitive advantage. With the development of social economy and the progress of human.Download