Here we analyse the sector's dynamics through Porter's five-factor model.
Inthe textile industry emphasis on technology upgrading, restructuring and industry consolidation, focus on support and guide the enterprises, focus on research and development, enhance the brand and technology content.
Many domestic textile enterprises are small, scattered, chaotic. Today, science and technology is developing quickly, the techniques in the textile production is becoming increasingly demanding.
The two-fold increase in global textile trade is also likely to drive India's exports growth. The fundamental strategy is to promote enterprises to further accelerate industry restructuring, the level of pace.
Low switching costs to consumers: Switching costs to consumers can come in the form of monetary costs transferring cell phone service: termination and initiation fees or lifestyle switching costs switching from driving a car to public transportation.
According to certification standards, a huge capital investment established a relatively high barriers to entry for the new entrants. Customers are powerful if: Customers are concentrated: If there are only a few customers or one in the market, the customers will have more leverage because of the increased reliance on the income stream.
This is true not only for food but for many industries where technology is consistently being improved e.