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Sports trade show Ispo Munich will not be held from January 23 to 26, 2022, as originally planned. Instead, as per the new schedule from now on, Ispo Munich will be held permanently at the start of winter season, at the end of November. OutDoor by Ispo will move forward permanently from late June to late May/early June. This means Ispo Munich 2022 will take place from November 28 to 30, 2022. The new date for OutDoor by Ispo is June 12 to 14, 2022.
The permanent shift in dates is a strategic decision due to the far-reaching market changes of recent years. Industry and trade are facing major upheavals in the global supply chain, which has changed order cycles. An Ispo Munich scheduled in January or February, as was previously the case, would therefore, be too late for many industry participants.
The permanently brought-forward date for OutDoor by Ispo also fits in much better with the new order cycles. The permanent date adjustment is intended to give the trade fairs even more relevance and a completely new significance as an important source of impetus for both the entire industry and the end consumer. The dates, which are now located at the beginning of the industry-specific order cycles, are intended to provide exhibitors and trade visitors with an earlier overview of the market.
As per an Allied Market Research study, global denim fabric market is growing at 4.4 per cent. So says Allied Market Research. Availability of denim fabric at affordable prices and new socio-economic trends drive growth of the global denim fabric market. The emergence of biodegradable denim fabric presents new opportunities in the upcoming years.
At the same time, volatility in prices of cotton and environmental risks associated with the use of synthetic dyes restrain the market to some extent. The outbreak of the pandemic led to a global lockdown and the temporary closure of fabric production facilities, thereby affecting the overall growth of the global denim fabric market. It further disrupted the whole supply chain, leading to a rise in prices of raw materials, especially cotton and cotton yarn. This factor decreased the production of denim fabric, especially during the initial phase. In addition, the falling income of customers gave way to a contraction in the demand for premium denim products.
APAC contributed to the highest share in terms of revenue in 2020, holding nearly four-fifths of the total market share, and is estimated to continue its dominant share by 2030. The same region is also projected to manifest the fastest CAGR of 4.6 per cent during the forecast period.
The synthetic fiber and cotton industries have been witnessing a steady price since September. As per a CCF Group report, the polyester and cotton industries witnessed highest price rises during the period. The future indices of a few cotton varieties like the ZCE cotton futures rose by 22.4 per cent on October 11 compared with September 24. Prices of PTA and MEG varieties of polyester increased significantly, while that of China’s domestic and foreign cotton also surged prominently. Spandex prices remained stable after hitting a record high earlier this year.
Consumption boosts polyester prices
Rising consumption spurred global polyester prices. The market was also boosted by the reduced supply of PTA and MEG on account of dual control of energy consumption in China. Prices of PTA and MEG both rose to 500-600yuan/mt as crude oil and cotton prices surged and China introduced a dual control on energy consumption.
Cotton prices hike on higher seed prices
Driven by higher seed cotton prices in Xinjiang due to the harvest-rush, and rise of international cotton prices, cotton prices in China began to rise from
September-end. Easing of relations between China and the United States and supply concerns caused by the rainfall in Texas and the hurricane in India, also boosted prices. China’s purchase of US cotton surged market prices of the yarn and cotton grey fabrics in China. Global supply chain concerns also surged during the period due to excessive rainfall in major cotton producing areas of US. In addition, Indian cotton production was impacted by the pest infestation and Hurricane Gulab.
Raw material costs drive VSF prices
Driven by a continued rise in raw material prices, VSF prices rose by the end of September. The prices also surged due to a decline in the operating rate of VSF plants amid short energy supply and continued increase of coal and caustic soda prices.
Spandex prices hit a new high
Spandex prices reached record heights of 106 per cent a year after the National Day holiday as new units of 100kt/year were launched in Q4. Currently, spandex prices in China have hit 13-year high, stabilizing prices for suppliers and reducing prices for some new units.
Filament makers catch up with upstream rise in costs
The prices of upstream CPL and nylon 6 HS chip prices were driven up by the quickly rising benzene cost and shutting down of a large number of nylon filament plants. Reluctant to sell at previously low prices, filament makers raised prices to catch up with upstream cost rise.
Domestic concentration in plant boosts acrylic fiber prices
Acrylic fiber prices also surged due to a gradual concentration in prices among the domestic acrylic fiber plants. Previously, based on Sinopec and Jilin Chemical Fiber, pricing right is currently based only on Jilin Chemical Fiber. Besides, producers are more willing to support prices leading to a surge in acrylic fiber prices.
A week before the National Day, prices in the cotton spinning and chemical fiber industry have also surged. These price increases are mainly attributed to two factors; cost concerns caused by the supply side, and current domestic dual control policy.
MySize will offer its MySizeID app for Nautica in Turkey. MySize develops and creates innovative measurement solutions. m Nautica is a leading water-inspired global lifestyle brand including men’s, women’s and children’s apparel and accessories.
The app will be offered to Nautica customers in Turkey through the brand’s online retail e-commerce site. The nautical-influenced classic American sportswear brand is served well by reducing costs and maximising efficiencies by incorporating MySize into the supply chain. Nautica Turkey recognises the choppy waters of e-commerce and sees the MySizeID app as a tool to calm the storm. This is done by increasing buyers’ satisfaction and reducing costs for online retailers by standardising sizing and helping consumers find the right fit on any size chart. MySize’s patented algorithms and SDK decrease return rates from consumers and improve retailers’ bottom line.
MySize is focused on standardisation of sizing between brands in e-commerce. As it seeks to expand its offering to the other brands of the portfolio, it knows the data it collects introduces new and interesting opportunities towards growth. Nautica Turkey licensed production owner Eren Group is in partnership with the world-famous French Devanlay Group, providing additional opportunities for MySize to integrate with more brands in the portfolio.
For the second quarter Shahlon Silk Industries’ total income was Rs 79.1230 crores against Rs 39.6452 crores in the corresponding quarter of the previous year and Rs 51.5381 crores in the previous quarter. Net profit/loss was Rs 1.0337 crores against Rs 0.3859 crores in the corresponding quarter of the previous year and Rs 1.3593 crores in the previous quarter. Earnings Per Share (EPS) was Rs 0.58, against Rs 0.22 in the corresponding quarter of the previous year and Rs 0.76 in the previous quarter.
For the six month period, the company’s total income was Rs 130.6612 crores against Rs 50.1879 crores in the previous year. Net profit / loss was at Rs 0.3256 crores for the six month period compared to Rs 5.6967 crores in the previous year. Earnings Per Share stood at Rs 0.18 for the six month period against Rs 3.19 in the previous year.
Growing and developing on the foundations laid by a tightly knit family for more than 30 years, Shahlon is a leading Surat-based textile enterprise. Shahlon’s vision is to be a fully integrated textile enterprise. It has expanded into yarn marketing agency, texturising, twisting, sizing, yarn dyeing, weaving, finish fabrics and industrial infrastructure.
Environment NGO Canopy has launched the Circular Chic campaign to showcase real-life, low carbon alternatives for fashion fabrics, like viscose and rayon, and paper packaging, all of which are too often made by logging vital, high carbon forests
The campaign was incepted out of a necessity to raise awareness about the urgent need to transform the fashion and packaging industries’ supply chains. Currently, these supply chains are responsible for cutting down 3.2 billion trees a year, and in doing so, placing unsustainable stresses on the planet's climate and biodiversity.
Circular Chic features cutting-edge fashion and a diverse set of change makers who sit at the intersection of fashion and environmental activism —Arizona Muse, Emma Breschi, Candice Carty-Williams, Kelly Knox, Emma Slade Edmondson, Efe Efeturi, and Anna Shaffer. The imagery showcases fashion and packaging solutions that can be adopted and scaled today to save forests and address the interconnected crises of climate and biodiversity loss.
It’s estimated that in just one year, landfills accumulate 92 million tons of textile waste globally. That’s equivalent to a truck full of clothes being dumped in landfills every second. On the packaging side, every year hundreds of millions of tons of agricultural residue are burned, causing air pollution and choking some of the world's largest cities.
Matthieu Blazy is the new creative director at Bottega Veneta. Matthieu Blazy a graduate of La Cambre in Brussels started his fashion career as men’s designer for Raf Simons, before joining Maison Martin Margiela to design the artisanal line and the women’s RTW show. In 2014, he became senior designer at Céline, before working again with Raf Simons at Calvin Klein from 2016 to 2019. A French and Belgian national, he will present his first collection for Bottega Veneta in February 2022.
Bottega Veneta is rooted in Italian culture yet maintains a truly global outlook. An inclusive brand with exclusive products Bottega Veneta is as much of a feeling as it is an aesthetic. Bottega Veneta which embodies the quintessence of understated and sophisticated luxury offers women and men bags, small leather goods, ready-to-wear, shoes, jewelry, furniture, fragrances, eyewear and accessories. Steeped in the traditions of Italian leather master craftsmen, Bottega Veneta has nurtured a new standard of luxury since its foundation in 1966. Bottega Veneta is run by the global luxury group, Kering, which also manages other brands in fashion, leather goods, jewelry and watches. Some of these are Gucci, Saint Laurent, Balenciaga and Alexander McQueen.
Ethiopia will no longer be eligible for benefits under the African Growth and Opportunity Act (AGOA). Ethiopia is home to one of Africa’s largest textile industries and this would threaten Ethiopia’s aspirations to become a light manufacturing hub and dent hard-won economic gains in a nation once a byword for hunger and poverty. Though Ethiopia is not a large global supplier, suspension of its US trade status would be yet another problem on the list for global fashion brands such as The Children’s Place, Tommy Hilfiger and Calvin Klein as Covid-19 disrupts manufacturing capacity, ports and supply chains.
The US has decided on removing Ethiopia from AGOA, citing Ethiopia’s failure to halt human rights violations. So US retailers sourcing from Ethiopia are likely to turn to other countries for their sourcing needs. West Africa, already a major producer of cotton, is a likely beneficiary of any sourcing shift (Benin, Ivory Coast and Burkina Faso respectively rank sixth, seventh, and eighth in the world in terms of cotton production). The sanctions placed on Ethiopia are likely to give West African nations new impetus to attract textile-related investment and improve transportation and logistics. They will be helped by the creation of the African Continental Free Trade Area (AfCFTA), which came into effect in January 2021 and has reduced tariffs up to 90 per cent on goods traded within the area.
Global Fashion Group (GFG) has entered into a partnership with Global Fashion Agenda (GFA). As the only strategic partner operating across Latin America, the CIS, Southeast Asia and Australia, GFG will help support GFA’s ambition in spearheading the fashion industry’s journey towards a more sustainable future. GFA is responsible for the Copenhagen Fashion Summit and thought leadership publications, including fashion on climate and fashion CEO agenda. GFG’s people and planet positive agenda illustrate the group’s journey and commitment to being a company that integrates sustainability into the core of its operations by applying the highest duty of care to its people all over the world and its supply chain.
GFG will also play an active role in the development of Global Fashion Agenda’s thought leadership platform and Fashion CEO agenda, alongside a number of other various fashion leaders from all aspects of the industry. The agenda aims at encouraging brands to implement circular design strategies into their production, including the insertion of used garments, resold pieces and recycled post-consumer textiles toward their supply chain.
Global Fashion Agenda strives to bring together partners that represent industry perspectives from across the world and from various parts of the supply chain. Global Fashion Group has demonstrated strong commitments to sustainability.
Bangladesh Denim Expo will be held on May 10 and 11, 2022. With the realization of the importance of sustainability in the fashion industry, the third edition of Sustainable Apparel Forum (SAF) will be organized alongside the denim exposition. The previous edition of Bangladesh Denim Expo was in November 2019.
Denim offers Bangladesh great prospects as it holds future business possibilites. With huge demand from global retailers and brands, the country has established some 30 denim mills. These meet 40 per cent of the demand for denim fabrics from garment makers. The remaining demand is met through imports, mainly from China, India, Turkey and Pakistan. Bangladesh has overtaken China in denim supply to the EU countries because of quality products at competitive prices. Due to the focus on sustainability Bangladesh denim fabric makers have dramatically reduced water consumption over the last few years with the adoption of the latest technologies in production. The target is to reduce water consumption by 80 per cent in the denim making process.
Demand for denim is on the rise worldwide from both men and women. Annually 2.1 billion pieces of denim are sold globally. The denim sector is growing by 15 per cent year on year.
