May 24, 2023
Among the things Austrian-born economist Joseph Schumpeter is best known for is his promotion of the idea of “creative destruction” or the “process of industrial mutation that continuously revolutionizes the economic structure from within.” Think car manufacturers putting buggy whip manufacturers out of work or personal computers consigning the typewriters of the world to the dustbin of history.
Whether Schumpeter’s “gale,” as it’s also known, is a good thing, remains open to debate. Each new mode of production, transportation or communication, for example, also means a lot of people being thrown out of work, with more than a few of them unable to find gainful employment in the resulting economy du jour. That said, taking another look at the pages of our most recent “innovation” issue,” I think it’s safe to say when it comes to decorated apparel, the industry has been extraordinarily successful at taking advantage of the creative side of capitalism while at the same time avoiding the “destructive” part of the equation.
Roaming the past couple of Impressions Expos, I was also repeatedly struck but how today’s cutting-edge products and services don’t just make it easier to do business, they make it easier for newcomers to the industry to get started as well, no matter their background. The latest in digital decorating, for example, isn’t putting screen printers out of work, merely giving them additional options at the same time it opens the doors for the latest generation of startups. Same thing with today’s increasingly reliable and easy-to-use embroidery technologies, and digital business processes and sales. So it goes, round and round in an industry in which everyone willing to put in the work wins, and a rising tide really does lift all boats.
More Build Your Business
May 2, 2023
The blank apparel and apparel decorating equipment and materials suppliers exhibiting at the first two Impressions Expos of 2023 presented a wealth of new products, including everything from the latest in high-tech to an assortment of great new garments.
May 1, 2023
Despite capricious market trends that sometime seem to fluctuate daily, one thing will always remain constant: the apparel industry consistently stays ahead of the game by cultivating cutting-edge technology and techniques racking up win after win.
May 1, 2023
Today’s custom apparel decorators looking to make their mark with their own brands have many neck label tagging options at their disposal from which to choose when decorating T-shirts or hoodies.