Overview of the Industry
The textile manufacturing industry (NAICS 313) has played an important role in the history of the United States (U.S.) and continues to be a major industrial employer, not only in the U.S., but also around the world. One unique aspect of the textile manufacturing industry is that it includes sectors from agriculture, chemicals, industrial manufacturing, and cutting-edge research and development in addition to the fashion aspects of apparel and home goods. It is highly dependent on economic conditions and consumer demand, and competition is primarily based on price. Another unique aspect of the textile manufacturing industry is its fragmented nature. Whereas a few major players define most industries, ...
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