UK consumer trends for 2014 | Mintel.com. Published on November 18th, 2013 inShare29 Looking ahead to 2014, Mintel’s Senior Trends Consultant Richard Cope outlines the four trends set to impact the consumer market in the UK, examining the areas of commercial opportunity for brands – and what consumers will be buying into in 2014. 1 – Internationalism on the Agenda “After a period of Brand Britannia fever, driven by Olympic medals, Royal weddings and births, in 2014 it will be time for British consumers to look outwards at other countries.
Next year’s sporting events, immigration legislation and pending referendums will put other countries’ products on the menu and Mintel’s research highlights that Brits are open, curious and savvy when it comes to buying into new, engaging or better value products from abroad.” “In 2014, a number of factors will focus consumers’ attention on the provenance of products from inside and outside the UK. 2 – Club Tropicalia 3 – A Private Function 4 – Healthy Fuels. The Negative Effects of Outsourcing in the Clothing Industry. Outsourcing is a common business practice, particularly in the fashion industry, as labor can often be found more inexpensively and at different skill levels in various areas of the world. However, while cost savings associated with outsourcing work in the clothing industry can be significant, there may also be drawbacks to this practice, which can adversely affect the industry as a whole.
Lack of Oversight One of the major issues with outsourcing work in the fashion industry, in particular, is the lack of oversight for businesses sending the work elsewhere. For example, a design house that contracts work out to manufacturing firms in Asia has no way of knowing working conditions in those locales. This lack of oversight for the company outsourcing the work can have disastrous results if it comes out that the dresses it's selling were actually made by underpaid forced-laborers in a third-world country.
Geographic Complications Additional Costs Additional Considerations About the Author. The Negative Effects of Outsourcing in the Clothing Industry. British Fashion Council - Home. www.stanford.edu/group/journal/cgi-bin/wordpress/wp-content/uploads/2012/09/Klein_Hum_2008. Clothing. 10 great reasons to support local manufacturing - Make it British. Government announces support of UK manufacturing. Will the launch of Reshore UK help small businesses support British manufacturing? Is the Government supporting UK manufacturing? Today we welcomed the news that the UK Government has launched a new initiative named Reshore UK that aims to help companies that want to bring their production back to the UK.
According to the press release on the Gov.uk website, UK Trade & Investment (UKTI) has joined forces with the Manufacturing Advisory Service (MAS) to offer a ’1-stop-shop’ to those companies wishing to reshore their manufacturing. In particular it mentions textiles, software production and call centre work, as areas that it would be looking to support. The press release goes on to say that Reshore UK will ‘provide a matching and location service, access to advice and support and a named individual to help each company’. Accroding to the report, £70m has been allocated to recruiting more trade advisors over the next 2 years (that’s a lot of advisors!) New government support to encourage manufacturing production back to the UK - Press releases.
UK Trade & Investment (UKTI) has joined forces with the Manufacturing Advisory Service (MAS) to launch Reshore UK, a new 1-stop-shop service to help companies bring production back to the UK. UK companies are increasingly looking to reshore manufacturing, textiles, software production and call centre work to the UK instead of outsourcing overseas. This is due to the combination of a strong and stable economy, competitive corporate tax rates, a good regulatory environment, strong legal frameworks and a dynamic labour market.
UKTI has identified 1,500 manufacturing jobs reshored in the UK since 2011 and a MAS survey shows companies citing costs, quality and reducing lead times as the top 3 reasons for moving production back to the UK. Reshore UK will provide a matching and location service, access to advice and support and a named individual to help each company. Prime Minister David Cameron who is speaking at the World Economic Forum in Davos this morning said: Notes to editors: Nike Makers.