Nicaragua positioned to excel in apparel production despite Asian competition
Nicaragua is once again attracting the attention of international apparel producers as a key factor has caught their eye: the country's cost competitiveness, according to the investment promotion agency, ProNicaragua.
Nicaragua was found to be the single most competitive option for sourcing numerous apparel products, not just in this hemisphere, but also compared to China, Vietnam and Bangladesh, according to a study.
Particularly, having the most competitive labor costs in Central America constitutes a key decision factor for companies looking to establish labor-intensive operations.
Original source: Fibre2fashion