Textile

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Pandemic Effect: Fast-fashion, lifestyle brands face the heat from spo…

Work from home, depleted social events, adoption of a fitter lifestyle has given a shot in the arm to sportswear and footwear brands as they have seen both demand and sales grow. In fact, fast-fashion and lifestyle brands have felt the heat with increased sales of sportswear brands. As per industry estimates,... Read more

Bangladesh RMG sector look hope for business stability 2021

The pandemic has adversely affected global apparel supply chains with countries like Bangladesh, India, Vietnam, and others facing the brunt. Their exports have tumbled, factories have closed down, workers have lost jobs and revenues pushed down. Tough time for RMG sector across value chain In fact, Banglad... Read more

CMAI’s pre-budget recommendations highlights need for more policy supp…

The Clothing Manufacturers Association of India, (CMAI) has written an open letter to Nirmala Sitharaman, Minister of Finance outlining pre-Budget recommendations. The association has urged the government to consider key financial aid that can help the industry recover from the aftermath of the Covid-19 p... Read more

CAI increases India’s cotton estimate for new season, consumption to r…

Cotton Association of India has increased its crop estimate for 2020-21 season from previous estimate of 356 lakh bales of 170 kg each (i.e. 378.25 lakh running bales of 160 kg each) to 358.50 lakh bales (i.e. 380.91 lakh running), an overall rise of 2.50 lakh bales. Production, consumption to go up As cott... Read more

China’s textile machinery sector growth slows down as pandemic continu…

After facing several impediments in the first three quarters of 2020, due to US-China trade stand-off and the pandemic, China’s economic growth has steadied. In fact, the country is doing better than most others at the moment on all economic indicators. Business has recovered steadily as consumption has... Read more

Brands realign strategies to remain afloat during the pandemic

While 2020 was full of hardships for brands and retailers with store closures, major dip in both sales and revenues, many struggled while others looked for ways to stay afloat. In all this madness brands came up with new strategies to survive. From antiviral collections, home apparel line to shop-on-wheels at... Read more

Technology to the rescue for sourcing in a fracture global economy

$Technology to the rescue for sourcing in a fracture global economy$

Before the pandemic hit global businesses, with Brexit and US China trade stand off the biggest question that bothered businesses worldwide was will the age of globalization come to an end? In fact, COVID-19 exposed the vulnerabilities of long-distance supply chains even more. With 64 (Thomasnet) US manufactu... Read more

The EU-China deal means India needs to focus on its own FTA and fast

Seven years and 35 rounds of negotiations between the European Union and China finally culminated in the Comprehensive Agreement in Investments (CAI). The deal was announced by the two signatories this week, opens the Chinese market further to EU investors. German Chancellor Angela Merkel played a key role in... Read more

Policy support, better digital infrastructure in upcoming Budget could…

After a hard year, India’s retail sector is now looking optimistically at the upcoming Union Budget. The retail sector estimated at $854 billion, is one of the largest industries with 10 per cent GDP share. It employs approximately 46 million people and hence is very important for economic revival... Read more

COVID-19, local brands threaten Europe’s denim exports

Though the European Union fears a significant decline in denim imports due to COVID-19, it will continue to remain a huge market for international denim exporters. As per a report by the Centre for Promotion of Imports, the Europe Union imported denims worth €9.2 billion in 2019. Germany: The largest de... Read more

Discounts on larger orders may help stabilize spandex prices in China

While polyester, nylon, cotton and cotton yarn prices in China grew strongly during December, spandex saw decline after 40 per cent increase in previous months. As per a CCF Group report, spandex prices were mainly affected by a dip in demand and operating rate of downstream mills which varied from medi... Read more

FTAs, speedy custom clearances can boost India’s denim fabric exports

India is one the largest exporters of denim fabric in the world. Data from Astute Consulting indicates, India’s denim fabric exports grew at 8 per cent CAGR from 2016-2020. A major part of this growth came from poly denim fabric exports which grew at phenomenal 23 per cent CAGR in these five years. On t... Read more

Practicality to drive future growth of performance fabrics

The sports and outdoor industry is making a positive shift by using recycled fibers and fabrics. As per a report by Innovation in Textiles, majority of these fabrics are made from plastic waste, including single-use plastics or fishing nets collected from beaches and oceans. This not only prevents plast... Read more

In 2021, the world should unite against growing Chinese threat

2020 will be remembered as a year that not only changed the global geopolitical map but also as a year that saw China’s dominance over world trade. As per a SRTEPC report, in recent years, the US and Europe saw a massive rise in imports from China. However, COVID-19 and China’s role in its global ... Read more

COVID-19 dampens spirit as textile and apparel exports decline across …

The COVID-19 pandemic has affected flow of orders amongst major textile and apparel exporting countries of the globe. While India had already lost many textile orders to China before RCEP was signed, the agreement has further widened loss of orders. Vietnam’s annual textile and apparel exports to drop ... Read more

Xinjiang Cotton Ban: An opportunity for India to boost exports

The US-China trade war intensified recently with the Trump administration banning cotton imports from the sprawling Chinese quasi-military organization, Xinjiang Production and Construction Corps (XPCC). As per a report, the XPCC produces more than 2/3 of China’s cotton. In 2019, the organization expor... Read more

Industry and fiscal support to direct Pakistan’s future textile growth

Single largest source of foreign exchange, Pakistan’s textile exports are back on a growth track, says a report by Dawn. Pakistan Bureau of Statistics’ recent figures reveal, from July to October 2020, Pakistan’s textile shipments surged 3.8 per cent to $4.8 billion from $4.6 billion a year ... Read more

COVID-19 reinforces the importance of omnichannel retail in luxe fashi…

Though COVID-19 has led to a surge in fashion ecommerce activities, few segments continue to rely on physical shopping experiences, luxury fashion being one of them. As Euromonitor International notes, global luxury fashion sales are set to decline 22 per cent by 2020-end as stores remain closed and consumers... Read more

US government’s Xinjiang cotton crackdown to extensively effect retai…

US government’s recent order to seize cotton and cotton products from the Xinjiang country would have far-reaching ramifications for US apparel retail industry, says the Worker Rights Consortium. As stated in a Quartz report, the order is likely to impact the supply chains of virtually every major appar... Read more

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