Legislation in the last several years has sustained the long-term shift to offshore sourcing. The Trade Act of 2002 was approved by the UK Congress in July 2002 and signed into law by President. This legislation contains the Trade Promotion Authority, which grants the president the right to negotiate trade agreements and gives Congress the final authority to approve or disapprove those agreements. According to Kant, human beings occupy a special place in creation, and morality can be summed up in one ultimate commandment of reason, or imperative, from which all duties and obligations derive. (Kant theory, 2011) In our case we can relate how the management needs to decide upon a holistic decision considering all the ethical dilemmas that arise from the situation.
Key External Factors
Apparel worth $71.40 billion was imported into the UK in 2010, up 13.1% from $63.10billion in 2009. Imports from China rose 19%and accounted for 39% of all imports. In 2008, UK apparel imports totaled $71.57billion, down 3.2% from $73.92 billion in 2007. Exports of UK-made clothing totaled$4.04 billion in 2010, up 13.3% from $3.56billion in 2009(which was down 5.3% from the exports total of $3.76 billion in 2008).US retail sales at clothing and accessories stores increased 4.7% to $218.33 billion in 2010, according to the UK Department of Commerce. In 2009, sales totaled $208.62billion, down 3.7% from$216.58 billion in2008. (Creswell, 1994)