Wholesale Bulk Apparel USA
NAFTA's Boost to Manufacturing - 20 Years in the Making!
Expanded manufacturing. Increased exports. Improved competitiveness, integration and partnership. That is the NAFTA story for U.S. manufacturers.
January 1, 2014 marks the 20-year anniversary of the North American Free Trade Agreement's (NAFTA) implementation and there is strong evidence of the pact's positive impact on manufacturing in the United States. Since 1993, value-added manufacturing in the United States has expanded from $1.06 trillion to $1.87 trillion in 2012. The increased exports, improved competitiveness and greater industry integration helped contribute to this 76 percent expansion in manufacturing output.
As U.S. manufactured exports more than doubled since 1993, the largest growth market for our manufactured exports has been our two NAFTA partners - Canada and Mexico, which purchase more from the United States than any other country. U.S. manufactured goods to Canada and Mexico more than tripled since 1993, growing some $173 billion through 2012 and accounting for over 18 percent of the total growth in U.S. manufactured exports over that period.
January 1, 2014 marks the 20-year anniversary of the North American Free Trade Agreement's (NAFTA) implementation and there is strong evidence of the pact's positive impact on manufacturing in the United States. Since 1993, value-added manufacturing in the United States has expanded from $1.06 trillion to $1.87 trillion in 2012. The increased exports, improved competitiveness and greater industry integration helped contribute to this 76 percent expansion in manufacturing output.
As U.S. manufactured exports more than doubled since 1993, the largest growth market for our manufactured exports has been our two NAFTA partners - Canada and Mexico, which purchase more from the United States than any other country. U.S. manufactured goods to Canada and Mexico more than tripled since 1993, growing some $173 billion through 2012 and accounting for over 18 percent of the total growth in U.S. manufactured exports over that period.
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Factoring a Factoring Company into Your Business
A common practice for many apparel and printing concerns, factoring is the process of selling-on receivable invoices to a third party - usually a factoring company. The factoring company then collects the monies owed from the apparel company's customers.
There are two advantages to this kind of financing. Firstly, customers can be slow to pay invoices, possibly putting the company under a bit of financial pressure. Secondly, the apparel company may need to have cash on hand in order to support more production and make additional sales. If all the apparel company's financial resources have been used up they will have to wait for their invoices to be paid before they can start producing more goods again. In this way factoring companies can assist production by ''buying up'' these owed invoices to free up cash and allow the apparel company to keep producing without having to go into debt, or halting production until their accounts get paid.
Why Would you use a Factoring Company?
There are two advantages to this kind of financing. Firstly, customers can be slow to pay invoices, possibly putting the company under a bit of financial pressure. Secondly, the apparel company may need to have cash on hand in order to support more production and make additional sales. If all the apparel company's financial resources have been used up they will have to wait for their invoices to be paid before they can start producing more goods again. In this way factoring companies can assist production by ''buying up'' these owed invoices to free up cash and allow the apparel company to keep producing without having to go into debt, or halting production until their accounts get paid.
Read moreabout Factoring a Factoring Company into Your Business