Industry Analysis & Industry Trends
The rise in offshoring activity in the Hosiery Mills industry has driven industry globalization and downstream demand from consumers who demand quality products at low prices. As a result, many operators have offshored a large portion of their manufacturing capabilities in an attempt to reduce costs and remain competitive. In the coming years, improvements in downstream demand, driven by increased consumer spending, are anticipated to somwhat increase sales of domestically produced hosiery and socks... purchase to read more
Industry Report - Industry Investment Chapter
The Hosiery Mills industry has a medium level of capital intensity. IBISWorld estimates that for every dollar spent of wages, industry operators will spend $0.15 in capital investment. Capital investment is mainly in machinery and equipment. Industry operators are also increasing usage of leasing arrangements to finance capital expenditures. Over the past five years, capital intensity decreased slightly; in 2009, for every dollar spent on wages, industry operators spent about $0.17 in capital investment. However, expenditure on wages accounts for a significantly larger proportion of revenue than for capital.
Over the five years to 2014, manufacturers have invested heavily in automated processes that cut down on wage expenses and produce greater production efficiencies... purchase to read more