By  on April 7, 2014

HONG KONG — The global textile and apparel industry is undergoing rapid changes.

Traditional business models, manufacturing bases and markets are evolving, and retailers and suppliers need to keep up or risk losing out, said sourcing executives at the Prime Source Forum here. Acknowledging the tough market over the last few years, Felix Chung Kwok-pan, a Liberal Party lawmaker and member of Hong Kong’s Functional Constituency for Textiles and Garment, said the long-established way of doing business was no longer workable.

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