Vietnam now produces twice as many Adidas shoes as China,
Vietnam now produces twice as many Adidas shoes as China, according to company filings.
If you had guessed that in 2018, China’s garment industry would be shifting abroad, most economists would have called you crazy. China invented high-volume garment exports, with entire cities in the country growing around the production and perfection of certain types of clothing.
At one point, Datang, China’s ‘Sock City,’ made most of the world’s socks in a given year, an estimated nine billion pairs. Other garment cities that specialize in things like children’s clothing, underwear or sweaters, similarly tower over an internationally competitive landscape in which China, with its low salaries and organized infrastructure, has long been top dog.
But that’s no longer the case for shoe manufacturers, who have begun to seek a bluer competitive ocean in Vietnam. Salaries here trend to about half of those in China, according to the Japan External Trade Organization, which has been attracting large-scale international players.
Source: https://freenorthcarolina.blogspot.com/2018/05/vietnam-now-produces-twice-as-many.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).