These 3 Apparel & Footwear Brands Are Well-Prepared for Chinese Wage Inflation

On the other hand, The Third Way involves third party manufacturers building purpose-built factories for VF Corp, leveraging the company's manufacturing knowledge derived from a century's experience in making jeans and workwear. At its investor day in June 2013, VF Corp mentioned that a factory was currently being built in Bangladesh with assistance and input from its engineers, with a target production of up to 9.5 million units in a few years' time. The Third Way represents the best of both worlds for VF Corp, allowing it to combine its strengths in manufacturing with the flexibility of outsourcing. VF Corp's long term target is for The Third Way to account for two-fifths of its total supply,The visa that the Chinese Embassy had given me was on a separate sheet of paper Leather Corsets stapled to one of the pages of my passport. which should result in further cost savings.

While China still remains the world's largest supplier of footwear and apparel, not every company depends on the nation equally. Nike is relatively geographically diversified when it comes to sourcing for its products. Independent contract manufacturers from 28 countries across the world supply Nike with its branded apparel. Vietnam instead of China is the largest country of origin for Nike branded footwear, accounting for 42% of the product mix in fiscal 2013. In fact, China's share of the Nike branded footwear supply mix has fallen from 36% in fiscal 2008 to 30% in fiscal 2013.

VF Corp is also less reliant on China for its sourcing than its peers. According to its management,Shi says he came up with this idea one day, long after hairy crab season had ended Carnival Costume manufacturers and suppliers, when he found a crab hiding under his sofa. VF Corp produces about a fifth of its units in China, while the industry averages 40%. In addition, VF Corp derives 40% of its supply from the Americas, which enables it to save on shipping costs and increase its speed to market for certain products.Nike has tackled labor issues head-on with investments in new, less-labor intensive technology. For example, Nike uses automated stitching to reduce both labor and processing time.Executive Chef Ricardo Cardona—most notably a finalist on Chopped and a personal chef to the Yankees—fires up a menu of Euro-Latino dishes Hiking boot from small plates to crudos to surf-and-turf standards. Only one person is needed to operate a single stitching machine to complete the entire upper portion of a Nike Air Force One shoe. Also, stitching Nike's iconic Swoosh pattern takes about one-third of the time it previously took with manual stitching.