A report from the General Department of Customs and Excise of Cambodia states that the value of Cambodia's textile and apparel exports is expected to decrease by 11% in 2023 due to a reduction in demand from the European Union and the United States. The estimated value of exports for 2023 is around US$8.13 billion, down from US$9.16 billion in the previous year.
Since the outbreak of COVID-19, the global fashion industry has faced increased market competition. The supply chain has become unstable, and labor costs and land prices are rising, leading to a reduction in the profit margins of Cambodian manufacturers. To improve the profitability, it has become imperative for every company investing in Cambodia to answer these important questions.
Lectra, a key player in Industry 4.0, invites you to explore cutting-edge technologies that can help improve your profitability at our seminar.
During the event, you will learn about:
- Cambodia's garment manufacturing industry trends
- Improve your profitability from product development to cloud-nesting
- Accelerate your Industry 4.0 journey with Cutting Room 4.0
- How Lectra's customer success strategy maximize your satisfaction and enable successful outcomes