Hosiery Technology Center

Lean Overview

                             Situation in 2004:

- Trade Agreements Not Favorable to US Manufacturers Are Being Signed

- 2005 Quota Phase Out

- Textile Mill Closings Increasing

- Media Says We Are Dead

- Competition From Overseas Sources Increasing

- Retailers Setting Up Overseas Sourcing

- Profit Margin Shrinking On All Product Lines

- Retailers Decreasing

- Customers Slow to Pay, Net Never Terms

What should you do????


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