Related Keywords: automation, DSNU, EPCO, Festo, machines, manufacturer, spinning, starlight, technology, Textile, VTUG, VUVS
It is hugely important for the major machine manufacturers that their suppliers be close at hand all over the world.
US textile makers look for a revival through technology advances
Related Keywords: automation, business finally turning around, eleven percent increase since 2009, gained competitiveness, industry hit bottom during economic slowdown, losing market share to imports, National Council of Textile Organizations, productivity improvement, shipments of textiles and apparel increasing, technology advances, US textile and fiber makers
U.S. textile and fiber makers see their business finally turning around with shipments of textiles and apparel increasing to $74.4 billion last year, an 11% increase since 2009, when the industry hit bottom during the economic slowdown and also losing market share to imports, according to National Council of Textile Organizations (NCTO).
Improving workforce skill becomes top priority ahead of automation for VN
Related Keywords: automation, changing technologies, clothin sector, Deputy Minister of MoLISA, Globalisation and technology revolution, improve workforce skills, labour force to grow, major growing production sector, posing increasingly greater challenges, risk of losing job, skills need in labour market, Textile, top priority for Vietnam, Vietnam economy
Globalisation and technology revolution are posing increasingly greater challenges for Vietnam’s economy, as the country’s labour force will grow from 55.5 million on 2016 to 62 million in 2025, said Deputy Minister of MoLISA Đào Hồng Lan. Hence improving workforce skills has become a top priority for Vietnam.
Vietnam will have to address to the changing technologies and skills needs in the labour market, with the changing nature of work in the era of technology, when many low-skilled workers will be at risk of losing jobs due to automation.
