Forecasting Practices in Textile and Apparel Export Industry: A Systematic Review

Forecasting Practices in Textile and Apparel Export Industry: A Systematic Review

Adeel Shah, Rizwan Matloob Ellahi, Urooj Nazir, Musawir Ali Soomro
Copyright: © 2022 |Pages: 17
DOI: 10.4018/IJCEWM.288501
OnDemand:
(Individual Articles)
Available
$37.50
Current Special Offers
No Current Special Offers
TOTAL SAVINGS: $37.50

Abstract

Sustainability in textile and apparel is an ideal that requires organizational effort starting from eco-design, encompassing manufacturing, distribution, and consumption. However, in the circular economy, the idea further goes to reuse the raw material. Sustainability is still an evolving subject in apparel and textile, which needs to investigate from many angles. Excess inventory at the supplier's end also impacts sustainability and needs due attention from researchers and practitioners to ponder. Applying the correct forecast technique and minimum errors results in better financial performance and reduced environmental pollution, impacting the triple bottom line in the true sense. The current study uses a systematic review on textile and apparel forecasting, highlighting the earlier research, thus contributing to the literature on sustainability and supply chain management.
Article Preview
Top

1. Introduction

The textile industry has an enormous impact on international trade, according to a statistical review by World Trade Organization (WTO) in 2018. The U.S. dollar value of world textiles Standard International Trade Classification 65 (SITC) and Apparel Standard International Trade Classification 84 (STIC) exports surged to a total of $296.1bn and $454.5bn in 2017, observing an increase in sales of 4.2% and 2.8% respectively in 2016. The textile industry grows exponentially, giving rise to potential solid economic developments (Gage, 2020). This industry can be categorized under two supply chain ends, i.e., upstream and downstream. Upstream are mainly suppliers in developing countries, manufacturing raw material for preceding stages until the material reaches stitcher, which cuts and stitches final product to export to stakeholders downstream, comprising international retailers mainly situated in the western hemisphere (Barutçu, 2010). The textile supply chain shall consist of six vital steps which add value to it. (Abdelsalam H. M., 2009) see figure 1.

Complete Article List

Search this Journal:
Reset
Volume 3: 1 Issue (2024)
Volume 2: 2 Issues (2022)
Volume 1: 2 Issues (2021)
View Complete Journal Contents Listing