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Tuesday, July 18, 2017

SOURCING at MAGIC August 2017 Vietnam Sourcing

This August, over 40 of Vietnam’s best apparel manufacturers and fashion resources will be at the forefront of the SOURCING at MAGIC show.  Show attendees will have the opportunity to see textiles, fibers, and garments from these Vietnamese factories, and chat with representatives. 

WHY THE FOCUS ON VIETNAM
  • According to a forecast by PricewaterhouseCoopers in February 2017, Vietnam may be the fastest-growing of the world's economies, with a potential annual GDP growth rate of about 5.2%. This is partially due to the boom in jobs linked to growth in export manufacturing of textiles and garment products to over 180 countries and territories.
  • Since Vietnam launched it’s economic renewal campaign to lift the country out of poverty in 1986 and normalized trade relations in the U.S. in 2000, Vietnam has been able to export to a wider range of markets, rapidly expand exports in the manufacturing sector, has become an investment destination because of its large and capable workforce (population of 91 million +), and labor and operating costs remain low compared to China.
  • Vietnam is THE sourcing destination.
In addition, SOURCING at MAGIC will host a Vietnam-focused seminar giving more background and exposure to the countries capabilities and advancements. There will also be a VIP Cocktail Reception on Aug. 14 from 5pm-6pm co-sponsored by Apparel Magazine and open to all attendees. 

SEMINAR: THE GO-TO SOURCING DESTINATION: VIETNAM CONTINUES TO LURE U.S. FIRMS Monday, August 14, 2017 1:00-2:00PM:
  • Shifting global sourcing strategies affect fashion sourcing executives of all levels as they attempt to find the appropriate mix of regions, countries and product requirements. VIETNAM has become a leading force in the U.S. supply chain and today’s expert panel will explore the ins and outs of their experiences working in this world-class production hub.
  • MODERATOR: Julie Hughes, President, THE U.S. FASHION INDUSTRY ASSOCIATION
  • SPEAKERS: Ron Klein, Director Retail & Consumer Management, PWC,  Chris Walker, Apparel Production Advisor/Author, VIETNAM GARMENT INSIDER, Steve DiBlasi, VP Global Sourcing, LANIER CLOTHES, Avedis Seferian, President & CEO, WORLD RESPONSIBLE ACCREDITED PRODUCTION
MAGIC chose Vietnam as their “focus country” because of the country’s rapid growth in export manufacturing.  If you are not already sourcing garments or textiles in Vietnam, you should most definitely attend the seminar mentioned above.

About SOURCING at MAGIC:

SOURCING at MAGIC is a one-of-a kind convergence of fashion’s global supply chain connects established and emerging brands to an unparalleled network of manufacturers, materials, technology, logistic solutions, and talent. From emerging technology to trending patterns, colors, and materials; a venture through SOURCING at MAGIC demonstrates where fashion is heading and connects you with the players to set your company apart. 

Thank you for taking the time to read this apparel industry trade show blog post. We hope that you have found this fashion blog post to be enjoyable. If you have comments or questions, please add your thoughts in the discussion area below.

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