FW
As per a new report by the National Centre for Socio-Economic Information and Forecast (NCIF) under Ministry of Planning and Investment (MPI), it will take about three years for the US-China trade war to take effect on Vietnamese economy. The report also forecasts, the war can cause Vietnam’s GDP growth to lose 0.03 and 0.09 percentage points in 2019 and 2020, respectively, before reaching its peak of 0.12 percentage points in 2021. In the following years, the effect would fade gradually.
Vietnam’s economy until 2017 stood at $220 billion. Given the 6.8 per cent growth (expected) this year, the scale could be $235 billion. With supposed GDP’s growth of 6.5 per cent on average within the next five years, Vietnam economic value would reach $302 billion. Also, the US slaps 25 per cent tariffs on imports worth $34 billion from China would cause an annual loss of VND6,000 billion (US$258 million) for the Vietnamese economy during 2018-2020.
As many as 150 exhibitors displayed more than 300 brands at the August Gartex in New Delhi. It witnessed 18,100 trade visitors including garment and textile manufacturers, garment and textile machinery importers and exporters, fashion designers, merchandisers, distributors and wholesalers.
Exhibit categories included embroidery machines, cutting and sewing machines, fabrics and accessories, needles and threads, laundry and washing equipment, finishing equipment, laser cutting machines, automation and software.
The platform showcased digital textile printing machines, pre and post-treatment equipment, inks, sublimation paper, heat transfer machines, sublimation machines and direct-to-garment printing machines. Segments under which the exhibiting companies displayed their innovations include: digitex, embroidery machines, highlighting innovations in the embroidery sector, garmenting and apparel machinery, fabric and accessories pavilion and denim show.
A conference on the denim industry was conducted on the third day of the show. The talks comprised a series of events to discuss innovations in design and trends besides highlighting changing technologies on the denim manufacturing front. Gartex is India’s fastest growing and one-of-its-kind exhibition on garmenting and textile machinery, fabrics, accessories and allied industries. It helped exhibitors with expanded business contacts through corporate networking besides locating and reaching out to target customers. The show also staged educational workshops which focused on enhancing industry skills.
Sanjay K Jain, Chairman, CITI has revealed that exports of textile and clothing sector recorded a hike of 18 per cent fetching Rs 21,895 crores during August 2018 compared to Rs 18,533 crores in the previous year. The progressive figures witnessed a 6 per cent growth and registered Rs 1,01,727 crores during April-Aug this year as compared to Rs 95,888.00 crores recorded last year during the same time period.
Imports for textile yarn fabric & made-ups recorded a surge of 32 per cent at Rs 1,196 crores during August 2018 as compared to Rs 907 crore during the previous year. The cumulative import figures stood saw a hike of 11 per cent at Rs 5,347.00 crores during April-Aug 2018 from Rs 4,799 crores last year.
World Textile Merchandising Conference (WTMC) will be held in China, September 20 to 21. It will explore latest changes and trends in the textile industry and seek to build a cooperation system throughout the industrial chain, therefore promoting high-quality development.
The event will explore new patterns of globalisation and transformation of the textile industry. Firms, fashion institutions, industry associations and design institutes from more than 20 countries will participate in the event. The conference will discuss the status quo and future of the world’s textile industry and promote the cooperation in the textile industry chain under the China’s Belt and Road initiative.
China’s textile industry has to strengthen international cooperation, actively promote cross-border flows of resources such as products, production capacity, technology, capital, and talents, strengthen product innovation and advance industrial intelligence and service transformation.
The textile industry is facing changes. Therefore, it is necessary to coordinate and promote the localization and globalization of the industry, increase openness and cooperation in building innovation capacity, advance cross-border flows of such resources as products, productivity, technology, capital, and talents, and fully integrate and utilize global resources to achieve coordinated development.
The Gujarat State Agriculture Department in its first advance crops estimation report has reduced the estimates for cotton crop production in the state by nearly 15 per cent due to lesser rains. The government has reduced the estimate from 102 lakh bales in 2017-18 to 88 lakh bales in 2018-19. As per reports, the state agricultural department has also reduced other commodity production estimates in Gujarat except rice due to huge rain deficit.
According to a data from the India Meteorological Department, overall rainfall in Gujarat between June 1 to September 13, 2018 was 25 per cent below normal, and the major cotton growing regions of Saurashtra and Kutch reported a 30 per cent deficit rainfall. Significantly, this kharif season, cotton was sown late in Maharashtra due to delay in arrival of monsoon rains and also to avoid another attack of pink bollworm, which destroyed about 20-25 per cent of the state’s cotton output last year.
The country’s cotton output estimates for the 2018-19 season have also been reduced to 350 lakh bales from 365 lakh bales harvested a year ago due to lower acreage and a possible fall in yields.
As per a report by Hexa Research, Brazil’s apparel market is projected to expand at a substantial CAGR to reach $42.80 billion by 2025. The factors contributing to this growth are: rising disposable income and growing consciousness about international fashion trends. Increasing shift towards international fashion along with spiraling number of retail outlets are anticipated to encourage Brazilian people to adopt fashionable apparel. Diversified manufacturing activities, digitalisation, and proliferation of smartphones are also likely to have a positive impact on the sales of apparel in Brazil owing to time saving and convenience factors.
The United Arab Emirates accounted for the highest imports from Brazil, followed by Egypt, Algeria, and Morocco. Advanced techniques used in manufacturing industry items would probably help manufacturers to meet the global demand from various countries.
"Dubbed as one of the most technologically advanced nations, Japan has been bringing interesting concepts in the world of textiles. Technical textiles that integrate cyber-technologies, such as Toray’s bio-electrode conductive nanofibre ‘hitoe’, a bio-electrode conductive fibre that monitors a user’s biometric signals through IoT, are an important element of such innovation for Japan’s cutting-edge textile sector. Takao Tobari, Executive Director, Japan Apparel-Fashion Industry Council points out that the efficiency in production of Japan’s technical textiles, in particular for sportswear and luxury textile brands, can be improved through the use of Iot."
Dubbed as one of the most technologically advanced nations, Japan has been bringing interesting concepts in the world of textiles. Technical textiles that integrate cyber-technologies, such as Toray’s bio-electrode conductive nanofibre ‘hitoe’, a bio-electrode conductive fibre that monitors a user’s biometric signals through IoT, are an important element of such innovation for Japan’s cutting-edge textile sector. Takao Tobari, Executive Director, Japan Apparel-Fashion Industry Council points out that the efficiency in production of Japan’s technical textiles, in particular for sportswear and luxury textile brands, can be improved through the use of Iot.
The government is providing financial incentives for a range of industries, including fabric and textile manufacturers. Japan’s ministry of economy, trade and industry (METI) said in a statement fashion tech and smart textiles are an important theme in promoting the use of IoT and the utilisation of digital tools in the textile industry. The government has allocated Yen JPY1.04bn (US$9.26m) for the 2018 fiscal year to create the foundation of a new industrial model to promote the use of IoT, with an emphasis on promoting the optimisation of supply chains by coordinating data among companies through IoT.
In addition, METI specifically placed JPY1.8bn (US$16.1m) in fiscal 2018 on public offer to each company that
can realise its concept of Connected Industry, using digital technologies to connect companies with suppliers and customers and unite their own departments. The funds can be used to build a system whereby companies share big data accumulated via IoT.
Automation boosting production
A report produced by the group outlines the potential for textile manufacturers to link individuals’ clothing orders, fashion tastes and body size through IoT to offer mass customisation. As a result, made-to-order products could be made with the same level of efficiency as in conventional mass production, thereby boosting productivity and eliminating dead stock. Komatsu Seiren, a leading fabric manufacturer, based in Ichikawa Prefecture, that produces fashion and sports garments as well as highly-functional fabrics has adopted this idea. Its virtual changing rooms allow customers to simulate wearing clothes of various sizes and patterns in front of a screen that is connected to the Internet. Factories then take orders, which are delivered direct to customers in around three weeks, allowing the company to reduce inventory losses and costs.
Marui Textile, also based in Ishikawa Prefecture, the heartland of Japan’s textiles industry, has a large-scale operation that utilises more than 1,000 looms. Aya Okajima, Marui spokesperson, stated that the company installed various sensors and cameras on the machines in the factory, which are connected to the Internet. These collect and analyse data, making the production status understandable and visible, in real time. In line with this, Kyoto-based textile machine manufacturer Murata Machinery has developed Muratec Smart Support, is a remote management system linked to IoT that is helping to deliver stable production, reduce labour costs and cut losses.
Upcoming business models
Japan’s eagerness to adopt cyber-physical systems to achieve Society 5.0 has also resulted in the development of new businesses opportunities in the country’s textile sector. In 2016, Hidekazu Kawano founded Tokyo-based Sitateru Inc, a model company in the government’s Local Employment Development programme for the promotion of new IoT-based partnerships. Based on the premise that optimisation in garment production requires innovative approaches that use IoT and ICT (information and communications technology), Sitateru offers three services: firstly, a chat tool called My Atelier, which allows manufacturers to respond instantly to requests from businesses for garments; and secondly, a control system that matches small-and-medium-sized companies throughout Japan with order-making businesses.
Kawano highlighted in a report that by bringing together data on their technological capacity and the items they are able to produce, as well as their price brands, lead times, and busy and quiet periods, we can now match orders from new customers with the optimal factory for their purposes; realising high-mix, low-volume production with a short turn-around time. While Japan is clearly still developing digitalisation in the textile industry, the country’s fabric-based electronics market (which uses IoT) is expected to grow to JPY21.1bn (US$187m) by 2020, according to the Yano Research Institute, which suggests IoT understanding is set to develop exponentially.
Driven by increased demand from China, lower domestic prices and depreciation of the rupee, India’s forward export contracts of cotton have more than doubled from about seven lakh bales in September 2017. The Cotton Association of India has signed export contracts for 14-16 lakh bales (of 170 kg each). About 75 per cent of these contracts are for export to China.
In 2017-18, India could not sign as many forward contracts since cotton availability was restricted. This year, traders are upbeat because Indian cotton is the cheapest in the international market and demand from China is looking up. This financial year however, exports are likely to increase despite expected projections of tight supplies and increase in minimum support price (MSP) by the government.
Bangladesh and Vietnam are the other buyers that have signed some forward contracts for Indian cotton. Indian traders export maximum quantities of cotton in November and December since India is the only country where cotton is available at that time.
The United States Fashion Industry Association (USFIA) has strongly opposed President Trump’s plans to impose tariffs on an additional $200 billion worth of goods from China, including several fashion and consumer products. Besides additional tax burden on consumers, tariffs will add considerable disruption to the supply chain; the fact that the tariffs will start at 10 per cent now and will rise to 25 per cent on January 1, 2019, creates additional chaos in the fashion industry’s supply chains, which will have a wide-ranging negative impact on consumers, companies, and jobs in the United States.
Founded in 1989, The United States Fashion Industry Association (USFIA) is dedicated to fashion made possible by global trade. The association represents brands, retailers, importers, and wholesalers based in the United States and doing business globally. It works to eliminate tariff and non-tariff barriers that impede the fashion industry’s ability to trade freely and create jobs in the United States.
Contemporary Muslim Fashion Exhibition will be held at the De Young Museum, in San Francisco from September 22, 2018 to January 2019. The exhibition will host designers such Dian Pelangi, Khanaan, Itang Yunasz, Rani Hatta, Nur Zahra and IKYK, who will display 3 different collections. The sexhibition will be curated by Jill D'Alessandro and Laura L Camerlengo and Reina Lewis, Professor of cultural studies at London College of fashion as curators. It shows video footage from social media which illustrates that the fashion modest is a topic of viral talk.
Contemporary Muslim Fashion focuses on various corners of the globe where designers are creating, and consumers are wearing, highly fashionable garments that adhere to individual concerns for modesty and related aspects of Muslim religious cultures. The exhibition focuses on creative developments in the Middle East, Malaysia, Indonesia, and among diasporic communities in the United States and Europe.
