Why Hang Loose Favors Latin American Sourcing
One advantage of developing factories in Latin America is that the region offers lower minimum order quantities compared to Asia. Additionally, many countries in Latin America have implemented policies to promote sustainable and responsible production practices, which is increasingly important for fashion companies seeking to reduce their environmental footprint. That’s the reason why we are developing suppliers in Peru, because they have the best cotton in the world.
Another benefit of developing factories in Latin America is the proximity to the United States. This reduces transportation costs and lead times, allowing us to respond more quickly to changing consumer demands.
Moreover, we look forward to working with local communities, which allows us to help create employment opportunities and promote economic growth in the region. We can also build closer relationships with suppliers and ensure greater transparency within our supply chains.
Overall, the shift towards developing factories in Latin America offers a more sustainable and socially responsible alternative to traditional manufacturing in Asia. By taking a more strategic and holistic approach to our supply chains, we can meet the evolving needs and expectations of consumers, while also promoting economic growth and social responsibility.