"Most brands were willing to share initiatives for promoting living wages. They were also transparent about their limitations in producing in developing countries such as Bangladesh, Cambodia and Vietnam, as the wage-setting mechanisms and social dialogue in these countries are still at a nascent stage"
Even a... Read more
"Although shares of Fast Retailing, the Japanese company behind clothing brand Uniqlo, surged more than 75 per cent over the past year due to its steady expansion in overseas and endorsement deals with tennis star Roger Federer and golfer Adam Scott, around 2,000 of its Indonesian laborers were laid off with unpaid wag... Read more
"Not immune to the challenges of recession, unemployment and sustainability in consumption and production, India’s RMG exports has been hovering around $17 billion for the last few years. Increasing competition is making buyers more stringent about brand’s compliance to environment standards. They are also ... Read more
"The textile industry in Faisalabad, known as the little Manchester of Pakistan, has been facing a severe financial crisis ever since the federal government announced its 2019-20 budget. The government has imposed a 17 per cent sales tax on the textile sector, which resulted in several processing units going on strikes... Read more
"The expectation was that post Rana Plaza tragedy, that killed at least 1,132 people and injured over 2,500 in Bangladesh, the global garment manufacturing industry had woken up to the social and environmental hazards of fast fashion. However, six years later, little seems to have changed as many workers are still bein... Read more
"Preferred by major consumer markets due to their cheaper costs, the Asia-based supply system is undergoing a major change. As a recent McKinsey Global Institute’s report indicates, large consumer markets are turning towards new and closer manufacturers."
Preferred by major consumer markets due to their ... Read more
"Once touted as the ‘knitwear capital of India, Tirupur, is currently mired by labor issues. Underemployment and rising costs of living, coupled with the continuing impact of policy measures such as the Goods and Services Tax, especially on small-scale manufacturers, is stagnating growth in the city with the shor... Read more
"The International Labor Rights Forum’s new paper, ‘Future of Fashion: Worker-Led Strategies for Corporate Accountability in the Global Apparel Industry,’ highlights corporate social responsibility (CSR) and multi-stakeholder initiatives have failed to address and remedy the persistent exploitation of... Read more
"Leading fashion brands emphasise, right people, proper funding and strong brand values are the key factors that help a small start-up to grow into a booming business. Cornish fashion brand Seasalt and Kent-based kidswear retailer Childrensalon both started as single, independently-run shops but now have multi-million-... Read more
"The European Union and Vietnam are moving closer to clinching the Europe-Vietnam Free Trade Agreement (EVFTA) after nearly seven years of negotiations. The long-sought deal will boost Vietnam’s economic growth by nearly 8 per cent by 2025. As per the terms of the deal, Vietnam’s ruling Communist Party will... Read more
"To discover how satisfied professionals working within the fashion industry are with their jobs, Business of Fashion surveyed over 1,400 fashion professionals and further analysed a sample set of 418 respondents — working in the UK, the US, France, Italy and Germany. The survey showed, majority of fashion indust... Read more
"Though, a recent survey by UN initiative Better Factories Cambodia (BFC) indicates improving conditions in the country’s garment factories, human rights violations demand new mechanisms for accountability and transparency in these companies. Hun Sen government and the international race to search the cheapest la... Read more
"A new report by NGO KnowTheChain reveals the fashion industry lacks in its efforts to address forced labor. The NGO surveyed 43 of the world’s largest clothing and footwear companies’ efforts to address the issue. These companies scored only 37 out of a possible 100, with more than two-thirds scoring below... Read more
"The 2013 Rana Plaza collapse in Bangladesh and the 2012 factory fire in Pakistan city kick started a series of litigation processes, public awareness campaigns and safety inspections kick-started in the aftermath of the two fatal incidents. Although some compensation was paid to the victims' families, but did these tr... Read more