As per United Nations Climate Change, the fashion industry, which accounts for 10 per cent of the world’s carbon footprint and 20 per cent of waste water, is likely to consume a quarter of its global resources by 2050. This pollution is more prevalent in Asia, the largest manufacturer and exporter of clothing and... Read more
"As the fashion industry warms up to the growing trend of sustainability, concepts of reusing and recycling are gathering momentum. However, it will be a while before these are universally adopted. The trend of fast fashion has increased overall consumption. This needs to change if we wish to make positive environmenta... Read more
In order to achieve its ambitious target of $8 billion worth of exports by 2025, Sri Lankan apparel sector is looking to first upscale access in emerging markets such as India, China and Brazil. The country will differentiate its products with quality standards and excellent product delivery to capture global demand. T... Read more
"The British fashion industry, over the past two years and nine months, has been preparing for an unforeseen future. As the UK voted to leave the European Union, a range of fashion and footwear businesses across the UK including manufacturers, brands, agencies and retailers are adopting various measures to mitigate the... Read more
"Vietnam has been exporting unprocessed agriculture and other primary products to China for decades. Of late, there has been strong growth in its export of higher value agriculture products, including fruits, vegetables and other horticulture products and seafood. Vietnam also exports electronic and other manufactured ... Read more
"Recovering from the 2018 turmoil, US apparel imports in January 2019 increased 25 per cent to $7.57 billion. The country again sourced from its traditional markets – China, Vietnam, Bangladesh, India, etc in 2019. It had, in the second half of 2018, shifted its sourcing to nearby destinations of Central and Sout... Read more
Sustainability and transparency, the two watchwords of the millennials, are now been actively taken up by the Gen Z. New and friendly brands of this generation are creating sustainable, authentic and transparent products and services that address the concerns and aspirations of Gen Z and build trust for the future.
Th... Read more
"An analysis of the macro-trends and proprietary data of 100 top apparel exporters in India reveals, export value and shipments from major markets like the UAE have consistently fallen during the year. A report by US-based Drip Capital, a major provider of trade finance for SMEs in the sector, notes demand from key imp... Read more
Accounting for over 82 per cent of total global retail ecommerce sales, the top five retail ecommerce markets will reach roughly $3.563 trillion this year. These markets will represent more than 85 per cent of worldwide retail ecommerce sales by the end of 2022.
Topping this list will be China, whose retail e-commerce... Read more