Chapter Questions
For each of the following countries, discuss the pros and cons for sourcing personnel in finding the best supplier to produce high-end men's wool suits. First conduct PEST analyses through The World Factbook (published by the CIA):a. Vietnamb. Nicaraguac. Ghanad. Russiae. Turkeyf. China
After reviewing free trade agreements, trade preference programs, and HTSUS, find possible trade barriers (both tariffs and quotas) that each of the countries listed in question 1 may have for high-end men's wool suits.
Go to the Trade Data page at the OTEXA website (Trade Data: US Textiles and Apparel Imports by Category) and find out what are the top three leading exporting countries of: a. Cotton apparel products in value to the United Statesb. Man-made fiber apparel products in value to the United Statesc. Wool products in value to the United States
Find out the latest status on U.S.-South Korea, U.S.-Colombia, and U.S.-Panama free trade agreements. You may use OTEXA website.
Why is an understanding of the latest trade agreements important for sourcing personnel?
Search for various trade magazines and newspapers. Come up with recent developments in trade negotiations that may affect U.S. apparel sourcing managers' decision making.