Need for Portugal's textile producers to evolve from present business model of low cost operations in order to maintain competitiveness.

Membership of the EU has enabled the Portuguese textile and clothing industry to develop its trade with the rest of Europe however by late 2002 the Portuguese textile and clothing industry was experiencing difficulties. A number of firms went bankrupt while others relocated their operations in an attempt to reduce costs, resulting in a large number of redundancies.

(PRWEB) January 31, 2004 --Research and Markets announces the addition of this report entitled "Profile of the Textile and Clothing Industry in Portugal" to its offerings.

Textiles and clothing represent Portugals largest industrial sector. Membership of the EU has enabled the Portuguese textile and clothing industry to develop its trade with the rest of Europe however by late 2002 the Portuguese textile and clothing industry was experiencing difficulties. A number of firms went bankrupt while others relocated their operations in an attempt to reduce costs, resulting in a large number of redundancies.

In the past, the Portuguese textile and clothing industry was able to compete on the basis of low wage levels. But new shifts in global production have resulted in the relocation of production to Portugals low cost neighbours in East European and Mediterranean countries, with a consequent loss of jobs.

To survive, Portugals producers need to adapt to these new conditions by moving away from their present model of low cost operations and embracing the challenges posed by innovation, creativity and marketing.

For a complete index of this report click on http://www.researchandmarkets.com/reports/42915

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