Starting from 2022, there has been an intensification of the transfer in the textile and clothing industry,
reflecting the new situation of low export demand and high domestic demand.

• In early 2022, the retail giant Walmart wanted to customize over 50,000 uniforms. Traditionally, this order would have been given to Chinese suppliers, but it was eventually awarded to the family-owned clothing company Preslow in Mexico, leading to industry concerns about "another wolf in the nearshore market."
• Lululemon, which has been performing strongly, reported a 49.8% year-on-year increase in inventory, reaching an astonishing $1.447 billion in 2022.
• Export-oriented economies like South Korea and Vietnam, which serve as typical indicators of global manufacturing demand, have experienced continuous declines in exports in recent months. In April 2023, due to a decline in international orders, Vietnam's Baoyuan Shoe Factory plans to lay off nearly 6,000 employees.
• In the domestic market, since July 2021, the growth rate of clothing retail has surpassed that of general consumer goods retail, showing a significant recovery trend. The growth rate of online clothing retail has also surpassed that of physical goods online retail since October 2021.

What should be the future direction of digital commerce in the textile and clothing industry in the new era?
How can we establish a "moat" for enterprises in the "AI+" era in the next five years?

Under the current wave of globalization and digitization, the clothing industry is facing unprecedented challenges and opportunities.In order to promote the intelligent transformation of the clothing industry, upgrade product competitiveness, and facilitate the timely and effective exchange of technological and supply-demand information in the industry, Taotian Group's Rhino Smart Manufacturing, in collaboration with Huarui Information, will hold the first China Textile and Clothing Digital Business Summit on July 26, 2023, in Hangzhou.