Honduras 20/20 has already created 50,000 jobs out of 600,000 estimated

Tegucigalpa – Secretary of Labor, Carlos Madero, announced that Honduras 2020 has already created 50,000 jobs out of 600,000 estimated.

– January has left us with 5, 500 jobs, said Madero.

– The estimated job creation of the employment iniciative “Fuerza de Tarea” will not be the same as those created by Honduras 2020.

Honduras 2020 main objective is to achieve the creation of 600,000 new jobs in a five year term. Just in the year 2017, the program created  more than 50,000 new jobs, having this year already created a significant number.

¿What is your opinión regarding “Fuerza de Tarea’s” mission to create 20,000 new jobs during the first months

He stated that last week 2,300 jobs were offered in a job fair held at San Pedro Sula thanks to Honduras 2020. As well as today in Choluteca, were 500 jobs are being offered.

“Honduras 2020 program’s first years were dedicated on creating an efficient attraction strategy. As of today, this strategy is already put into action. The next steps are portraying confidence so that companies can invest and achieving investment deals.”

Our roadmap clearly defines which jobs are created by Honduras2020 and which are not, establishing the program’s and the private sector’s objectives still in the need to be met.

Task Force – Fuerza de Tarea

“Fuerza de Tarea” Program was launched this week by President Juan Orlando Hernández at Centro Cívico Gubernamental stating that the Program’s initial objective is achieving L 3,400 million investment and the creation of 20,000 new jobs in agribusiness, tourism and housing sectors, as well as financial aid.

Madero stated that this Friday “Fuerza de Tareas’” roadmap will be officially handed to President Hernández, declaring that quick pace actions for job generations will be taking place, some by the private sector and others by the government.

Concerning the Organic Budget Law, Madero confirmed that unfaithful information in the media regarding labor right payments is completely untrue. Benefits have always been guaranteed and every Ministry Office pays them with their own budget.

Source: Proceso.hn
Translation: H2020 Team.

 

HONDURAS20/20: Latest trends in retail market and branded wholesale in U.S. to explore for HONDURAS Textil Apparel Sector

Co-Creation adds value to your organization and elevates the relevance of your company in the retailers’ or brands’ matrix of A, B, and C suppliers.

Retailers and brands are pivoting to outsource to their A suppliers design, trend development in finished garments. Instead of wholly relying on internal design teams to drive seasonal product development, retailers and brands are leveraging their supply chain to hire designers and creative directors to drive trend and product development for them season to season and in some cases “season less” when a trend or fashion item is hot. Remember that “season less” design, product development is now possible because of ease in adding new styles to their web sites vs the old model of loading brick and mortar locations seasonally. E-comm makes launching new trend product product at any time in the development calendar.

Co-creating makes your company more relevant in the E-comm space.

In response to this latest trend at retail and brands, many of these A garment suppliers (i.e. Koreans, Taiwanese) are hiring design teams and housing them in offices close to retail and brand headquarters in USA so their design and concept teams can interact directly with merchants and sourcing teams regularly.  The AHM membership should know that this trend to outsource design, product development to suppliers is growing. For the textile or garment supplier that meets the challenge, this business model creates a dependency for the retailer to have to book the order with the supplier that brought the design development to the table because then there is no time to replace the development with another supplier.  The future for A suppliers is to add value by owning the fashion, trend development for their retail and brand customers to final commercialization.

How do you achieve success in driving Co-Creation proactively to differentiate from your competition?

  • Own the value chain from concept to commercialization. Don’t wait for your customer to provide the trend, bring trend to your customer with quarterly appointments.
  • Create a company culture that emphasizes newness, trend & innovation to disrupt your market competition.
  • Allocate company resources to hire a design and creative team to drive trend in seasonal color, materials and silhouette
  • Attend fabric and supplier fairs that are hosted by your retail and brand customer to work closely with the retailer and / or brand to understand the brand story and design into the brand story custom
  • Think “season-less” in newness with quick reaction times with a narrow fabric palette for speed to market
  • Attend global trade shows like Premier Vision and Outdoor Retailer Show annually or bi-annually for inspiration in driving trend, newness
  • Lean on your supply chain for research & development (i.e. chemical, dyestuffs, yarn, equipment suppliers)
  • Be focused and knowledgeable in your selected category researching aspirational brands for trend guidance
  • Create a dependency between your customer and your creative teams to increase market share and reduce internal work load of your customer whose resources are tight due to internal margin pressure
  • Carry and show trend line of fabrics, garments to your customer appointments
  • Understand your customers’ development calendar – timing is everything. The internal retail and brand seasonal development calendar drives the sample development timelines and merchant buy due dates. Ask for appointments to show the trend line at critical moments in the calendar by season.
  • Align with the design team’s aesthetic to deliver trend appropriate sample development.
  • Co-Creation = Higher Market Relevance = Dependency = Higher Margins

For further details on this topic, Mr. Joe Cuervo, Textile and Apparel Manager for the Honduras 2020 Program can be reached at the following email address: jcuervo@honduras2020.com