Cygy Clothes

 Essay regarding Cygy Garments

CYGY GARMENTS

Prepare a market analysis to get the Philippine garments industry. Summarize the issues for CyGy Garments. Recognize opportunities and threats encountered by CyGy.

I. MARKET ANALYSIS -- Porters Five Model

A. Threat of recent Entrants - The menace of the access of new rivals For industries with low barriers to entry, such as the garment sector, new businesses come and go with great rapidity. Working capital requirements are usually in affordable volume that any entrepreneur can easily starts this kind of business. Regular sewing machines are easy to find within the Korea, unlike additional industry, machines are ordered outside the Thailand which make them more expensive because of the added importance taxes. There is absolutely no secret process in regular sewing a dress as long as you seek the services of skilled personnel to do the position, any business owner can your business quickly. New traders have comfortable access to division channels like department stores, specialised boutiques, bazaar stall owners, and immediate consumers. Fresh entrants may also expect a decreased barrier by means of government plan regarding tax, where sellers and buyers are not compelled to file their income and earnings. This market is labeled as part of the underground economy meaning that portion of the economy that goes largely undetected by taxing authorities. They contain both unlawful activities and activities that might be legal aside from their unrecorded nature. Since, the clothing industry offers low barriers to access, there is a higher risk of entry which results to a lower income that can be received in the industry. M. Suppliers – Bargaining Benefits of Suppliers

The majority of local garment manufacturers buy their materials from sellers in Divisoria, a well-known discount trading district in Manila. Since suppliers of brought in fabrics will be concentrated in Divisoria, this may give them electricity over buyers like CyGy Garments. Even though the Philippines also manufacturers fabric at about precisely the same price but...


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