Posted by Paul Foxson on June 14, 2014
Offshoring has become a major trend in recent years. A lot of US businesses have been sending their productions overseas, or importing goods and services from countries such as China because of the low prices. And sometimes, the prices have been very low as well. Consumers of course loved the low prices, but domestic manufacturing and job creation has been suffering because of this. Also, the quality of imported goods from China and other countries have also been found to be of lower quality as per the US standards. There have been frequent complaints from consumers about this as well.
For instance, Lonnie Kane, President of Los Angeles based apparel maker Karen Kane, says that they used to check 10% of goods from China before. But now, because of all these complaints, they have to inspect each item. And not just that, prices of imported products are escalating as well because of increased salaries in these countries. But the quality hasn’t improved.
Don Lee of the LA Times is now reporting that the trend of offshoring is going down. Businesses are taking note of the increasing number of quality issues, and have decided to bring back manufacturing to the US. There is data to support this. The number of factory jobs returning to the US matched the number of jobs lost in 2013. This is in fact the highest manufacturing increases in a quarter century.
Lee points out that the US factory payrolls have grown for four straight years, with gains totaling about 650,000 jobs. It’s interesting to note here that this is still quite a small number, as 6 million jobs were lose in the last decade because of offshoring. However, this is still the biggest and longest stretch of manufacturing. And that’s why it is quite significant.
New Momentum in the Wholesale Market
Production returning to the US has revitalized the wholesale marketplace in the US, particularly the fast-paced product categories such as fashion. Companies are able keep in pace with industry trends as factories and supply chains are closer to home. “On-trend” clothing, which till recently, was accessible only to well-heeled, slender urban fashionistas, are now available to a broader audience. Production cycles have come down from three months to just a couple of weeks. Which means that there are more wholesale designer clothing goods available to you.
With so many goods being produced in the US, and that too of a better quality, you’ll get more from your closeout and shelf pulls. It will be easier to sell them off as well, because you don’t have to worry about quality. All you have to do is just look for wholesale designer clothing in bulk. Buy wholesale lots at FoxLiquidation.com, and you’ll have a better chance to sell them off at a profit. The lower price of your wholesale designer clothing will work to your advantage. So, there are good reasons for purchasing wholesale designer clothing in bulk now.