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VF Corporation

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

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VF Corporation

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

  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

  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

  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 12-18 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…….

  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

  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

  7. Thank You!

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