SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials
This major group, known as the cutting-up and needle trades, includes establishments producing clothing and fabricating products by cutting and sewing purchased woven or knit textile fabrics and related materials, such as leather, rubberized fabrics, plastics, and furs. Also included are establishments that manufacture clothing by cutting and joining (for example, by adhesives) materials such as paper and non-woven textiles. Included in the apparel industries are three types of establishments: (1) the regular or inside factories; (2) contract factories; and (3) apparel jobbers. The regular factories perform all of the usual manufacturing functions within their own plant; the contract factories manufacture apparel from materials owned by others; and apparel jobbers perform the entrepreneurial functions of a manufacturing company, such as buying raw materials, designing and preparing samples, arranging for the manufacture of clothing from their materials, and selling of the finished apparel. Knitting mills are classified in Industry 2253 if primarily knitting outerwear, and in Industry 2254 if primarily knitting underwear and nightwear. Custom tailors and dressmakers not operating on a factory basis are classified in Retail Trade, Industry 5699; and establishments which purchase and resell finished garments but do not perform the functions of the, apparel jobbers are classified in Wholesale Trade, Industry Group 513.
Industry trends:
The construction industry (NAICS 23) is currently witnessing several qualitative trends that are likely to shape its near future. One significant trend is the increasing adoption of technology and automation to improve efficiency, reduce costs, and enhance safety. This includes the use of Building Information Modeling (BIM), drones for site inspections, and AI-driven project management tools.
Sustainability and green construction are also gaining momentum, driven by regulatory requirements and customer demand for environmentally friendly buildings. This trend is characterized by the use of sustainable materials, energy-efficient designs, and the implementation of renewable energy sources in construction projects.
Prefabrication and modular construction are becoming more popular due to their potential to reduce construction time and waste. These methods are particularly attractive in urban areas where space and time are at a premium.
Another trend is a growing emphasis on workforce development and education to address labor shortages. The industry is investing in training programs and partnerships with educational institutions to cultivate a skilled workforce ready to meet future demands.
Looking ahead, the construction sector is expected to experience steady growth, driven by ongoing infrastructure projects and increased urbanization. However, challenges such as fluctuating material costs, supply chain disruptions, and regulatory changes will continue to impact the industry. Companies that can effectively integrate technology, adopt sustainable practices, and invest in workforce development are likely to stay competitive in this evolving landscape.
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