Describe and account for the shifts in the textile industries of the world
Answers
Explanation:
Textile industry has witnessed a major shift in the last three decades in terms of its production bases. Till the 1980s, production of textile and apparel was centered in USA and EU but over the period of time production of these commodities shifted majorly to Asian countries.
Answer:
Silk, wool, and fustian fabrics were being eclipsed by cotton which became the most important textile. Innovations in carding and spinning enabled by advances in cast iron technology resulted in the creation of larger spinning mules and water frames. The machinery was housed in water-powered mills on streams.
Textile industry has witnessed a major shift in the last three decades in terms of its production bases. Till the 1980s, production of textile and apparel was centered in USA and EU but over the period of time production of these commodities shifted majorly to Asian countries. 25 years ago, Europe and the U.S. dominated the global production and trade in textiles and apparel, today most of the world’s production and trade is in Asia. China’s polyester industry is larger than the industries in Europe and the U.S. combined. In fact, China consumes nearly one-third of the world’s cotton and manmade fiber–a claim that neither Europe nor the U.S. could ever make.
At the same time, the productivity of all manufacturers in the textile supply chain has improved exponentially. Producers in the developed world, straddled with higher labor and production costs, turned to technology to help lower costs and improve competitiveness in global markets.