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 SWOT Analysis Chapter
The Hosiery Mills industry is in the decline stage of its life cycle. Over the 10 years to 2019, industry value added, which measures the industry's contribution to GDP, is expected to fall at an annualized rate of 4.7%. This falling growth rate indicates that the industry will contract, while the US economy grows at a projected rate of 2.5% annually over the same period. Decreasing consumption by buyers and falling enterprise numbers also indicate a declining industry.
High and rising import penetration has caused purchases of hosiery and socks manufactured by domestic firms to fall in the five years to 2014... purchase to read more