Already, for the last few years, supply chain was shifting away from China to countries like Vietnam, Bangladesh, India, and Mexico. However, the outbreak of COVID-19 has accelerated this process despite China being on a road to recovery.
Though China has the best infrastructure in the world to support large manufactu... Read more
With the global pandemic, US textile and apparel industry is stepping up in a big way to answer the call for much-needed medical equipment. Parkdale Inc, a large yarn spinner in Gastonia, N.C., has collaborated with Hanesbrands, Fruit of the Loom, American Giant, Los Angeles Apparel, AST Sportswear, Sanmar, America Kni... Read more
Though, Bangladesh has become the second-largest garment exporter worldwide by grabbing 6.4 per cent market share, the country is soon likely to be overtaken by Vietnam, whose exports have been rising rapidly and the country expects its apparel shipments to cross $40 billion by the end of the year. However, to achieve ... Read more
The global spread of Coronavirus (COVID-19) is continuously impacting the fashion industry. Besides other consequences the pandemic is having on the market, one major impact is on the development of new fabrics, styles and sales models. For instance, China-based jeans wear maker, Advance Denim recently introduced bio-a... Read more
Uncertainty over the control of COVID-19 has led to a decline in trading in various industries as buyers are refraining from making new purchases. Especially cotton is nearing its lows of early December 2019, after a rally in January. Though in the last few weeks, sale and shipments of cotton have seen strong business ... Read more
To help prevent the further outbreak of the COVID-19 epidemic, all global retailers like Glossier, Nike, Urban Outfitters, and Patagonia have indefinitely shut their stores. They have also updated their working policies to ease the strain on their staff. For instance, Starbucks has introduced a ‘catastrophe pay&r... Read more
"The recently approved Textile Policy 2020-25 of Pakistan sets an ambitious target of increasing the country’s textile exports to $28 billion by 2025. To achieve this target, the country aims to boost cotton production from nine million bales to 20 million bales within five years. It also aims to improve the qual... Read more
"The Department for Promotion of Industry and Internal Trade (DPIIT) recently clarified that single brand retailers, owned by foreign companies, can fulfill their local sourcing requirements by procuring goods produced in units based in special economic zones (SEZs). It further clarified these goods to be sourced by th... Read more
"Even before COVID-19 stuck China, many fashion businesses were shifting their production to countries like Vietnam, Cambodia and Bangladesh. However, these countries rely heavily on China for raw materials and other unfinished goods and services. Once their stock imported from China is depleted, they may face the brun... Read more
"With many markets witnessing slower growth and low consumer confidence, the fashion industry is going through a seismic transformation. As the recently released ‘The State of Fashion 2020’ report by The Business of Fashion reveals, under pressure brands are embracing digital operations, boosting earnings w... Read more
"Though Coronavirus (COVID-19) has led to some designers cancelling Milan Fashion Week shows, the fashion industry is yet to feel the full brunt of the repercussions of the global pandemic. So far, the outbreak has led to cancellation of some presentations in Paris. It has also resulted in an increase in the sale of fa... Read more
Swiss textile machinery companies made a major impact at the inaugural ITME Africa trade show, with 12 member companies from Swissmem (the Swiss Textile Machinery Association) presenting their latest technologies. The event, staged in the Ethiopian capital Addis Ababa from February 14 to 16, featured more than 170 exhi... Read more
As COVID-19 spreads globally, health and safety of workers and customers has become top priority for fashion retailers. Brands like Levi's and many others are not only closing their stores in China but also restricting employees from travelling into and out of the country. Supply chains are being disrupted as factories... Read more
Since the last few years, the Indian textile industry has been facing problems like technological obsolesce, high input cost (power & capital), poor access to credit, fragmented units, absence of fiber neutrality etc. To address these issues, the government has been implementing various schemes over the years.
It ... Read more