Changing Boundaries in the Textile Industry
The global textile industry has been changing a lot over the past few decades, so much so that even professionals in the field are starting to ask what the industry is and where its boundaries lie. This is due in part to the rapidly shifting global manufacturing landscape, which has redefined garment and textile production several times over the course of the last century. It’s also due to advances in material design that make today’s textile products useful in a wider range of applications than ever before, including not only traditional roles like upholstery and furnishing, but also new industrial uses. That makes it harder than ever to pin down exactly who belongs in this industry and who needs textile-specific coverage.
Natural vs. Artificial Textile Production
One of the biggest points of contention is where to draw the line when it comes to synthetic materials. When textile companies dealt almost exclusively with natural fibers harvested from plant resources or sheared from animals, it was easy to separate them from other manufacturers. As more and more synthetic materials hit the market over the last century, though, chemical companies and plastics firms have begun to play roles in the textile business, and textile firms have started to look a lot more like labs. As a result, there are companies that could benefit from a textiles-specific industry insurance package that might not see themselves as textile companies. Today’s insurance providers apply a broad understanding of the field and its expansion into new roles as the nature of the science around textile production changes to make sure every business gets the coverage it needs.