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Riju Jhunjhunwala, Chairman and Managing Director, RSWM, one of the largest manufacturers and exporters of synthetic and blended spun yarns says, yarn prices are expected to remain stable during the second COVID-19 wave induced lockdowns this year. Jhunjhunwala says, export volumes are pretty much at the levels witnessed previously. Though domestic demand has fallen substantially, factories are running at 85 per cent capacity as manufacturers have diverted some of the domestic capacity to exports markets.
Clothing mills are already in a production mode. Hence, it will be easier for manufacturers to ramp up their capacities this time, adds Jhunjhunwala. The diverting of orders from China by big companies in the US and other global markets will create a huge demand for Indian products, he adds.
Jhunjhunwala expects demand for casualwear to grow while demand for formal wear is expected to dip globally. RSWM is also trying to change its product mix to cater to new demand by expanding denim capacity from 20 lakh meters a month to 27 lakh meters, he informs.
In a report titled ‘Spinning Around Workers’ Rights, the Centre for Research on Multinational Corporations (SOMO) and Arisa, an independent human rights organization, have accused Tamil Nadu spinning mills of encouraging forced labor in factories. The report surveyed 725 workers, including 284 women, in 29 spinning mills between October 2019 and January 2020. It also conducted additional research into sourcing relations and trade flows, using trade databases and publicly available supplier base information. Around 15 of workers were interviewed in October last year to understand the impact of COVID-19.
The report used 11 indicators developed by the International Labor Organization (ILO) to assess the working and living conditions of workers in these spinning mills. It found majority of workers had been given wrong information about their prospective jobs during the interview process. They were also receiving reduced pay cheques against what was confirmed during recruitment. The report claims to help enable structural improvements to employment, working, and living conditions for workers in the Indian textile and garment industry.
However, Siddhartha Rajagopal, Executive Director, Texprocil and K Selvaraju, Secretary General, SIMA, accuse the report of generalizing incidents. They plan to conduct awareness camps on the new labor codes, take up a third party audit at the mills on labor compliance and educate the mills on labor compliances.
A new report published by Allied Market Research estimates the global readymade garments market will grow at a CAGR of 8.8 per cent to reach $1,268.3 billion by 2027. Titled ‘Readymade Garment Market by Product Type, Application, Fabric Type, Age Group, Sales Channel, and Region: Global Opportunity Analysis and Industry Forecast’, the report estimates the outer clothing segment will grow at a CAGR of 8.8 per cent during the forecast period. China and the US are expected to lead this growth.
Formal wear is estimated to grow at a CAGR of 9.1 per cent. However, the others segment is expected to witness higher growth rate during the forecast. The woven segment is estimated to register a CAGR of 9.1 per cent during the forecast period. However, the non-woven segment is expected to witness a high growth rate of 8.6 per cent during the forecast period.
The adult segment is estimated to grow at a CAGR of 9.1 per cent while the kids segment is expected to grow at 9.4 per cent during the forecast period. Among sales channel, the supermarket/hypermarket segment is estimated to exhibit a CAGR of 9 per cent during the forecast period. However, e-commerce segment is expected to witness higher growth rate. Region wise, Asia-Pacific is estimated to grow at a CAGR of 10.1 per cent while the LAMEA region is expected to witness high growth rate during the forecast period.
The consolidated net profit of Garware Technical Fibers jumped by 49.1 per cent to Rs 53.2 crore in the fourth quarter ended March 31, 2021. The company’s net sales during Q4 increased 32.8 per cent to Rs 335.4 crore, compared to Rs 252.6 crore in the year-ago period. Garware’s consolidated net profit for the financial year 2020-21 grew 12.7 per cent to Rs 158.4 crore as compared with Rs 140.5 crore in the previous financial year. Net sales in FY 2020-21 increased 8.5 per cent to Rs 1,034.6 crore, compared with Rs 953.1 crore in FY 2019-20.
Vayu Garware, Chairman and Managing Director says, international business demand for the firm's solutions helped the company meet customer expectations despite the initial challenges in the first quarter of FY21.
UK fashion brands and retailers have hailed the Competition and Market Authority’s (CMA) draft guidance about ‘green claims.’ As reported by Drapers Online, CMA released a draft of six principles earlier this year for businesses including fashion brands to follow while making environmental claims. It entails, brands need to be truthful, accurate, clear and unambiguous, while making such claims. They must not omit or hide important information, must only make fair and meaningful comparisons, must consider the full life cycle of the product, and must be substantiated.
The CMA will now enter a consultation period on the draft guidelines until 16 July with the final guidance expected to be released at the end of September. The new principles were put forward after the CMA began researching the impact of green marketing on consumers last year, and found that 40 per cent of green claims made online could be misleading.
Twanna Doherty, Managing Director and Owner, Yogamatters, an online yoga-wear and equipment retailer says, the new guidelines could also help retailers navigate claims from their suppliers. However, they could also lead to an increase in misleading information, adds Rebecca Morter, Founder and CEO, Lone Design Club, a popup retail concept.
International fashion brands Zara, Anthropologie, and Patowl have been accused of using patterns from indigenous Mexican groups in their designs without any benefit to the communities. Mexico's Ministry of Culture has sent letters signed by Culture Minister Alejandra Frausto to all three global companies, asking each of them to explain on what basis it could privatize collective property.
As per a Reuters report, the ministry accused Zara of using a pattern distinctive to the indigenous Mixteca community of San Juan Colorado in the southern state of Oaxaca. Anthropologie, owned by URBN, has been accused of using a design developed by the indigenous Mixe community of Santa Maria Tlahuitoltepec, while Patowl copied a pattern from the indigenous Zapoteco community in San Antonino Castillo Velasco, both in the state of Oaxaca, according to the Ministry of Culture.
The extent to which fashion designers have profited from incorporating cultural designs without acknowledging their origins or fairly compensating communities has been a point of contention in recent years.
To maximize overall equipment effectiveness (OEE) and minimize the total cost of ownership (TCO), Marzoli launched the YarNet-Production Management Tool. This tool has been designed to provide end-to-end solution integrating overall production monitoring and control needs for Marzoli and third party machinery into one single platform, managing multiple spinning plants and multiple units across the textile value chain. The software registers and stores all production data, machines operating conditions, machine statuses and technological parameters.
It allows companies to elaborate these data with useful functions and obtain valuable information in the form of tables, colours, charts, and diagrams. It further enables the customer to interact directly with the machine by downloading, editing, and sending production recipes.
The tool enables companies to monitor their spinning mills It gives them a complete overview of their plant. It also enable them to manage production, prevents machine downtime and prevents them from making any mistake in production processes.
The European Social Partners for the Textile, Clothing, Leather, and Footwear (TCLF) have issued a joint statement to guide industries through the current green and digital transition, while facing tough global competition, stressing the need to safeguard the industries and protect jobs in Europe. The statement highlights the need for a dedicated strategy with support at national and EU level to help the TCLF sectors survive the COVID-19 pandemic, while they continue to face tough, and, sometimes unfair, global competition. The social partners of TCLF industries fully support the EU’s ambitions for a green and digital transition of the sectors, but insist on concrete European measures to help the industries transform while the continues to suffer from an unequal global playing field.
The joint statement includes demands like full engagement with social partners in both the recovery and the transition of the industries, support for the EU Pact for Skills for the relevant ecosystem, a revision of the GSP which doesn’t negatively impact the sectors and its workers, support to decarbonise the sectors, careful consideration of the Due Diligence Legislation and quality dialogue with Social Partners ahead of the EU Sustainable Products Initiative and the Consumer Agenda to ensure that all policy gaps are addressed. The joint statement also demands special attention to the forthcoming EU Textiles Strategy which should fully represent the needs of the EU’s entire textiles ecosystem.
Picanol will display two airjet weaving machines, four rapier weaving machines for flat fabrics, as well as one rapier machine for weaving terry towel at ITMA ASIA+CITME 2021. Furthermore, it will display an additional rapier machine in jacquard execution at the Bonas booth
Picanol will also launch two new rapier machines: the brand new GTMax-i 3.0S will be shown in a 4 color dobby execution, weaving a denim style, whereas the new GTMax-S on display will be an 8 color dobby machine in 380 cm reed width weaving a silk fabric.
The new GTMax-i 3.0S sets the benchmark for competitive and qualitative weaving – and it’s also available in 240 and 250 cm reed width for ultimate stretch fabrics.
Picanol will also be demonstrating an OptiMax-i gripper machine in free flight execution of 540 cm width at the exhibition. This represents a significant innovation breakthrough for specific technical segments.
PVH Corp has expanded partnerships for NYC Pride 2021 as a Gold Sponsor for six events throughout the year besides committing to the Human Rights Campaign (HRC) Foundation’s Historically Black Colleges and Universities (HBCU) program. The company is also partnering with PFLAG National on education and awareness opportunities for associates.
As per Fashion Network, the company’s LGBTQIA+ business resource group WERK will involve associates in virtual events, content series and a community giving campaign during Pride month.
PVH will continue its “Let’s Talk” series with a discussion on Pride, the LGBTQIA+ community and the importance of both celebration and education, as well as its Point of View video series and @Home Photo series to highlight how its associates around the world are celebrating Pride
The PVH Foundation is equally sponsoring a giving campaign for the entire month of June that will match all contributions dollar for dollar from North American corporate associates to Human Rights Campaign, PFLAG National, Ali Forney Center and The Canadian Centre for Gender and Sexual Diversity (CCGSD).
Among its brands, Calvin Klein is launching #proudinmycalvins. The campaign, which revisits the defining moments in the queer journey, will rollout throughout the year alongside additional #proudinmycalvins content.
Meanwhile, the Pride 2021 collection features underwear, apparel and accessories in a limited-edition palette from Calvin Klein, which is available on calvinklein.com and offers consumers the opportunity to learn more about each LGBTQIA+ organization as well as donate.
