This is the tenth USFIA Benchmarking Survey. During the past decade we have seen the fashion industry
respond successfully to major disruptions and unpredictability. This year is definitely
another very challenging time. In 2023 sourcing executives remain concerned about the economy
and inflation. Only half of the survey respondents anticipate their sourcing volume will grow during
2023, while one year ago 90% of the sourcing executives predicted expanding business.
With a consolidated ecosystem in the textile industry , Guatemala competes and positions itself as a strategic supplier in the “big leagues” of the sports market. From uniforms to fan apparel, products reach the NBA, NHL and MLB.
The U.S. Embassy reported that the U.S. and Guatemala committed to formalize a work plan to develop Puerto Quetzal, including additional feasibility studies, design planning and training by U.S. experts for the local infrastructure workforce.
Did you know that Americans earn up to five times more than Guatemalans just for meeting the base salary? However, a good salary is not enough either. Find out what else it takes to attract talent.
