NAICS 31521 - Cut and Sew Apparel Contractors
This industry comprises establishments commonly referred to as contractors primarily engaged in (1) cutting materials owned by others for apparel and accessories and/or (2) sewing materials owned by others for apparel and accessories.
Industry trends:
The Cut and Sew Apparel Contractors industry (NAICS 31521) is currently undergoing significant transformation driven by several key qualitative trends. One notable trend is the increasing demand for sustainable and ethical manufacturing practices. Consumers are becoming more environmentally conscious, pushing companies to adopt eco-friendly materials and production methods, such as organic fabrics and water-saving technologies. Additionally, there is a greater emphasis on transparency in supply chains, with brands seeking to build trust by showcasing their commitment to fair labor practices.
Another significant trend is the rise of digitalization and advanced technologies. Companies are leveraging digital tools like 3D pattern-making software and automated cutting machines to enhance efficiency and reduce waste. The integration of Internet of Things (IoT) technology in manufacturing processes is also streamlining operations and improving inventory management.
Customization and personalization are gaining momentum as consumers seek unique, made-to-order products. This shift is encouraging companies to develop flexible manufacturing setups that can quickly adapt to changing customer needs. Furthermore, the industry is witnessing a resurgence of on-demand production models, reducing the need for large inventories and minimizing overproduction-related issues.
In the near future, we can expect continuous growth in sustainable practices and further advancements in technology integration. Companies that prioritize agility, innovation, and sustainability will likely stay competitive and meet evolving market demands. Additionally, policy shifts towards supporting local manufacturing could encourage the resurgence of domestic production, impacting global supply chain dynamics.
This industry is comprised of:
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.