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VF Corporation Sourcing in the Americas August 22,2011 1.

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Presentation on theme: "VF Corporation Sourcing in the Americas August 22,2011 1."— Presentation transcript:

1 VF Corporation Sourcing in the Americas August 22,2011 1

2 VF Americas Sourcing Matrix VF makes or buys a large number of products in the Western Hemisphere – Owned and Operated 17 total facilities 121,000,000 garments annually – CMT Contracted 10,000,000 garments annually – Package Source Product 43,000,000 garments annually 2

3 VF Strategy for Regional Market Sourcing FTA’s have helped to keep VF in the Western Hemisphere – Flexibilities such as the Nicaragua TPL have been a key – An export promotion program that has actually worked – 1:1 ratio makes economic sense and deepened our ties with US fabric and yarn suppliers 3

4 VF Concerns Current agreement expires at the end of 2014 – A good US export promotion policy is now potentially at risk – Must address extension now, we need months for planning production and raw material input strategies – We can not wait until the next Congress, it will be too late – If not extended by the end of 2012……. 4

5 VF Concerns Production shift out of the region – Could sever linkages we currently have with US mills – VF currently purchases approximately 50% of the US denim produced Overall health of the region will be impacted 5

6 Next Steps VF feels legislation is a possibility to extend the current agreement – Must have US Government backing in order to get this accomplished – Must act now in order to meet the needed time lines 6

7 Thank You! 7


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