Let’s further look into the four factors of production: land, labor, capital, and entrepreneurship. Greece Capital, comprising both financial and physical assets, is essential for the modernization and growth of the textile industry. The textile industry in Greece accounts for twenty-three percent of export goods, forty-seven percent of exported industrial products, and twenty-eight percent contributed to Greece’s industrial production (Lucatheodoridis, Greece 2021) The gross value of production accounts for about three-point-five percent of total industrial production in the EU, with apparel exporters in Greece valued at about thirty- five billion. At the EU level, the sector employs more than two million people in around one hundred thousand companies. This makes the Greek textile market a significant part of the country’s economy (fea-vee.eu, 2023). Due to competition Greece has invested significantly in modern machinery and technology to stay competitive in the global market.   

Greece’s focal point is to create high-quality textile production, meaning a rise of good customer services, sustainable manufacturing readiness, short trading routes, good labor practices, and lastly business flexibility. Entrepreneurs have also adopted sustainable and eco-friendly practices, responding to the growing global demand for environmentally responsible products (Sustainable Sourcing Simplified, 2023). Universities & institutions are radically rethinking courses to meet changing student aspirations and values. This commitment to sustainability has not only improved the industry’s image but has also opened new opportunities for exports (fea-vee.eu, 2023). Greece has successfully positioned itself as a competitive player in the global textile market. This industry not only provides employment opportunities and contributes to the country’s economy but also showcases the nation’s commitment to quality, sustainability, and innovation on the global stage.