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Cambodia’s EBA Withdrawal: An opportunity to streamline, diversify operatio…

Last month, the European Commission partially withdrew tariff preferences granted to Cambodia under the EU’s ‘Everything But Arms” (EBA) scheme. EBA grants least developed countries such as Ethiopia, Bangladesh and Myanmar, duty- and quota-free access to the European single market. According to Draper... Read more

Italian fashion sector braces up to face post Convid-19 effects

With the current Coronavirus pandemic, Italy has locked down all nonessential manufacturing businesses. And as per Confindustria Moda, this will have a tremendous impact on the country’s fashion supply chain as it will drag down companies that supply to many local and international brands. Initiatives to continu... Read more

CEO Conclave - Global Investment and Partnership Summit

Clothing rental and resale market face tough times as consumers stay home

As both retailers and consumers are grappling with the effects of COVID-19, rental platforms like Rent the Runway and RealReal are also facing a shortage of orders. Demand for rented work wear and occasion wear is drying up as conferences, weddings and other events are being canceled across the board. This can be... Read more

Testing times for global apparel trade and sourcing as exports stagnate

As the dark clouds of Covid 19 continue to hang over global economy, the situation in global apparel sourcing and trade is worsening. From lack of raw materials, the industry is rapidly shifting to orders being cancelled. With stores across the EU, US, Asia being shut, retailers are being forced to either postpone or c... Read more

Moda to co-host SS21 edition alongside Autumn Fair in September

Amid challenging times, Moda, the heart of UK fashion, has decided to push back the date for the show to September. The SS21 edition for the show, which was originally planned for August, will now take place from September 06-08, 2020 at The NEC Birmingham. This move reflects organiser Hyve Group’s commitment to... Read more

COVID-19 makes fashion industry more flexible and swift

Covid-19 is having a tremendous impact on the global textile and apparel industry. As Andreas Kelsch, Sales Director of Turkey-based Be Ma, reveals, be it at trade fairs, which are witnessing fewer visitors or production and delivery delays, the pandemic is impacting all aspects of business. Impact on the entire value... Read more

COVID-19 Fall Out: Major recession awaits global fashion and luxury brands

With the COVID-19 pandemic gaining momentum, the impact on fashion and luxury industry is likely to be more severe than was estimated earlier. As a recent analysis by Javier Seara, Partner and Managing Director, Global Sector Leader Fashion & Luxury, at Boston Consulting Group, reveals, compared to last year, globa... Read more

Time for brands to protect the industry by standing by their commitments

CANCEL the shipments, is not the right word at the moment, perhaps to HOLD could be more reasonable. Brands should stand by their commitments as their orders are already in process. This is the only way partnerships work The least could be expected from brands and retailers is to come at discussion table , the moment... Read more

COVID-19 Impact: Shanghai Fashion Week live streams world’s first online sh…

Amid the global gloom of COVID-19 pandemic, the Shanghai Fashion Week (SHFW) is engaging hundreds of thousands of viewers through live streaming. One of the world's top runways, SHFW opened on Tuesday as planned after its counterparts in Europe were hit by the COVID-19 outbreak. The organisers took the bold step of mov... Read more

Global apparel supply chain bears the brunt of COVID-19 as exports fall

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

Pioneer B2B media & publication platform connecting with Fashion Brands & Retail

Coronavirus: Textile, apparel makers shift to medical equipment

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

Toppling Bangladesh, Vietnam to lead global RMG exports

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

COVID-19 slows down brick and mortar retail, online shopping gets a boost

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

Pakistan eyes $28 billion textile exports by 2025

"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

Despite FDI relaxations, single brand retailers choose local partners for I…

"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

Coronavirus to paralyse global apparel supply chain

"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

A seismic transformation awaits the fashion industry in 2020

"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

The after effects of COVID-19 to be felt by global fashion industry till mi…

"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

12 Swissmem companies participate in ITME Africa

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

Coronavirus halts retail growth across the globe

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

India: Government formulating new textile policy

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

Apparel sourcing registers dramatic shift in 2020, China’s position threate…

Apparel sourcing in 2020 started with similar theme of volatility and rapid change amongst major suppliers for US brands and retailers, new patterns are now emerging as the year progresses. China’s supremacy challenged by smaller countries One of the most notable changes is the fading of China’s unchallen... Read more

Messe Frankfurt India announces launch of Screen Print India 2020 - New Del…

Messe Frankfurt India has announced the Screen Print India 2020 - New Delhi debut edition. The trade fair will be held from 21 – 23 August, 2020 at Pragati Maidan, New Delhi concurrently with yet another premier tradefair Gartex Texprocess India. Messe Frankfurt India Trade Fair Pvt Ltd, the Indian subsidiary of... Read more

Insecurity mounts amongst Chinese luxury and fashion groups as Coronavirus …

"Though Coronavirus (COVID-19) outbreak is disrupting supply chains for mid-market apparels in China, it is also affecting luxury sales as most of these US-listed luxury brands are dependent on China for their business. China is a major producer of cotton, fabrics and silk. Its factories churn out everything from coats... Read more

Textile Association (India) organises one-day seminar in Gujarat

The Mumbai unit of the Textile Association (India) organised a One-day seminar on “Opportunities for Textile Industry in Challenging Scenario” on February 29, 2020 at Hotel fortune Park Galaxy, Vapi (Gujarat). The seminar was inaugurated by Rajnikant S. Bachkaniwala, Chairman, Palod Himson Machines. Rajnik... Read more

Complete overhaul of business model to help industry become more sustainabl…

"Owning to its faulty approach, the fashion industry’s sustainability efforts have remained largely insufficient. Instead of completely overhauling its business model, so far the industry has only been focusing on recycled materials, waste and rented clothing. The latest ‘Pulse of the Fashion Industry&rsquo... Read more

Coronavirus Impact
LEADERS SPEAK

In short to midterm, it would impact as there’s disruption in global supply chain

Dilip Gyanchandani, Country Manager, India, Wool Mark Company

From the textile and garment industry prospective there would be short- to mid- term business impact on volumes as due to the lockdown working factories have come down to minimum production levels. From September onwards, normalcy should be restored but it will take about three to four months for the industry to bounce back. Things are looking good now but it is an uncertain period and is difficult to say something at this stage because it looks like we are containing the pandemic... Read More

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INSIGHTS

Time for brands to protect the industry by standing by their commitments

Better infrastructure, strong FDI positions Vietnam ahead of Bangladesh

Increasing diversion of trade from Bangladesh to its close competitor Vietnam is causing the nation to lose sleep. As recent Export Promotion Bureau stats reveal, RMG exports from Bangladesh declined ... Read more

Global apparel industry facing structural decline

Global clothing industry is going through a long-term structural decline with growing awareness among consumers and limiting purchases, even as prices fall. This is destabilising the future of many gl... Read more

Coronavirus: Countries including India stand to benefit

The virus outbreak could augur well for the Indian subcontinent, especially India with orders being diverted and demand for Indian cotton, leather increasing in the international market. The Coronavi... Read more

Coronavirus: Not just China, global textiles and apparels sector feels the heat

"The impact of Coronavirus can be felt across the globe. The apparel and textile industry across the world is facing numerous challenges from sourcing to retail. And this uncertainty is affecting busi... Read more