The biggest buyer of US cotton was Vietnam followed by China. Bangladesh’s cotton imports from the US grew by 486 per cent. The largest consumer of US pima cotton is China.
US cotton is mainly exported to developing countries in Asia. Even as the US is likely to lose China and Turkey, the international market looks positive for US cotton prices. On the one hand, import demand from China is bound to rise with decreasing reserved cotton stocks. Despite high tariffs and exchange rate issues, consumption cannot disappear and Chinese buyers will look for alternative sources. On the other hand, large quantity of hedging and unfixed on-call contracts may lead to a market squeeze.
Trade dispute between US and Turkey may have an influence more on Turkey’s cotton textile market, with its high import dependency on US cotton. US cotton consuming countries are adjusting their cotton structure in the face of possible higher US cotton prices. The import dependency of Vietnam, Indonesia and Turkey is the highest, and for them to adjust their cotton structure is difficult. For China, the import dependency is actually low. If China cannot import US cotton, the influence on high-end market is large, but is low for the whole industry.
"More and more companies are acquiring industry materials and manufacturing certifications as a part of their sustainability goals and brand building. The latest include the Oeko-Tex’s Eco Passport certification, recognised as a Level 3 ZDHC MRSL Conformance Indicator for the ZDHC Roadmap to Zero Program. This shift indicates that Eco Passport certified chemical substances meet the ZDHC’s (Zero Discharge of Hazardous Chemicals) guidelines for safer textile chemistries that are also verified as being responsibly manufactured. ZDHC MRSL Conformance Level 3 covers chemical substances that are limited or banned from use in apparel and footwear materials production and trimmed to protect workers, consumers and the environment."
More and more companies are acquiring industry materials and manufacturing certifications as a part of their sustainability goals and brand building. The latest include the Oeko-Tex’s Eco Passport certification, recognised as a Level 3 ZDHC MRSL Conformance Indicator for the ZDHC Roadmap to Zero Program. This shift indicates that Eco Passport certified chemical substances meet the ZDHC’s (Zero Discharge of Hazardous Chemicals) guidelines for safer textile chemistries that are also verified as being responsibly manufactured. ZDHC MRSL Conformance Level 3 covers chemical substances that are limited or banned from use in apparel and footwear materials production and trimmed to protect workers, consumers and the environment.
Oeko-Tex program’s Eco Passport analyses a broad set of chemicals, including colorants, scouring agents, adhesives, inks, pigments and auxiliaries in a confidential, three-step process that confirms the formulations and individual ingredients that meet specific criteria for sustainability, safety and regulatory compliance. Its chemical formulations are checked against the comprehensive Oeko-Tex list of substances of concern and then verified through laboratory evaluation to ensure that they don’t contain unsafe contaminants.
Sustainable production is verified with on-site observance of the manufacturer’s occupational safety methods, water and air protection mechanisms, and quality control practices in line with STeP by Oeko-Tex guidelines for sustainable production facilities. Certified formulations are eligible to be listed on the ZDHC Gateway–Chemical Module and the Oeko-Tex Buying Guide.
This helps apparel and footwear manufacturers desiring to incorporate sustainable chemistries to recognise them. It also aligns with Oeko-Tex’s mission to provide standardised solutions that optimise customers’ manufacturing processes and help deliver more sustainable products.
Along the same lines, DuPont Industrial Biosciences has joined with Bluesign for its bio-based, high-performance polymer Sorona. The Bluesign system unites the textile supply chain to jointly reduce its impact on people and the environment, ensure responsible use of resources and guarantee a high level of consumer safety.
DuPont Sorona, a versatile polymer comprises 37 percent renewable plant-based ingredients, using 30 percent less energy and releasing 63 percent fewer greenhouse gas emissions as compared to nylon 6 fibers. In addition to reducing a reliance on fossil fuels, Sorona polymer combines eco-efficiency with function, making it applicable for a variety of performance-oriented products. Its attributes include softness, inherent stain resistance and durability.
To qualify for the Bluesign system partnership, DuPont Sorona completed a comprehensive assessment and roadmap meeting to demonstrate its merit for the certification of its products. As a Bluesign system partner, DuPont Sorona joins a growing collection of chemical suppliers, manufacturers and brands that are responsible acting parties in the textile value chain.
Its input stream management approach ensures approved chemicals and raw materials, such as DuPont Sorona polymer. These are used in all steps of the manufacturing processes to reduce risks to both people and the environment at the very beginning of the supply chain.
Bolger & O’Hearn Specialty Chemicals has collaborated with Bluesign and ZDHC to place several of its chemistries on the official ZDHC list of sustainable, approved textile industry chemistries. Chemistries developed by Bolger & O’Hearn that are now approved by Bluesign and ZDHC include: Stormproof/Breathable OmniBloq, an advanced durable water repellent technology engineered to keep apparel dry and consumers comfortable in extreme conditions, and Altopel F3, an advanced fluorine-free water repellent.
President Donald Trump has threatened to withdraw from the World Trade Organisation (WTO), claiming that it treats his country unfairly. The WTO was established to provide rules for global trade and resolve disputes between countries. According to Trump, the body too often rules against the US, although it has also, in recent judgments, ruled in its favor. Although the WTO was set up to benefit everybody, the US seems to lose almost all lawsuits filed in the organisation. However, analysis shows the US wins about 90 per cent when it is the complainant and loses about the same percentage when it is complained against.
Washington recently blocked the appointment of new judges to the WTO's Geneva-based dispute settlement body, which could potentially paralyse its ability to issue judgments. US Trade Representative Robert Lighthizer has also accused the WTO of interfering with US sovereignty. The US president has been protesting against unfair trade since even before he became president. He even termed the agreement as the “single worst trade deal ever made.” The country has been embroiled in a dispute over trade with many countries. The most recent one being its battle on trade tariffs with China.
Mumbai-based Texport Syndicate a well known RMG maker has added 2,000 machines in the last three months, to have 5,500 machines currently. The expansion was done in Andhra Pradesh its unit. Earlier, the company was working with buyers like Walmart, Inditex, C&A, and Ralph Lauren and recently it has also started working with M&S, Gap and Monoprix. Texport has been in the textile industry for over five decades.
With a committed and skilled workforce and sophisticated modern machinery, Texport is confident of executing the most challenging orders. Texport Syndicate over the years has become a major player in various clothing categories across knits and wovens. It is a competitive player with the ability to service large runs on a basic product as well as a small quantity of value added products across men’s, women’s as well as children’s apparel.
The company also specializes in ornamentation, bead work, sequin work, embroidery, appliqués, and discharge prints.
Spinnova has carried out financing and ownership arrangements that will ensure the next phase in the company’s growth story. Developing a sustainable textile fiber, Spinnova will ramp up its pilot factory in Finland this year. Spinnova has joint product development underway with various other partners. The fiber innovation has raised wide interest from global textile brands out of which many which have committed to challenging sustainability goals.
Thanks to the financers, starting the pilot factory and the product development work are moving full speed ahead. Licensing the technology now being developed in Finland is its most likely future business model, so piloting the technology concept on an industrial scale is now the company’s main priority.
Spinnova’s process uses wood and waste stream based fibers instead of cotton, replacing the toxic viscose process. It sees sustainable businesses as a great opportunity to make good investments while making the world a better place for our children.
Spinnova’s majority shareholder is Brazilian cellulose company Fibria, which invested €5 million into the company in 2017. The development of the Spinova fiber has surpassed expectations. Spinnova’s ownership base has also changed. VTT Ventures, which helped the company’s early steps, has given up its ownership. VTT has been replaced with two new investors.
Used clothes imported from the US and other developed countries are posing a challenge to Africa's clothing industries. Textile manufacturers are struggling with issues like: smuggling, poor patronage and low purchasing power while capacity for apparel production remains low.
For many micro and small businesses who deal in clothing and apparels, secondhand clothes from developed countries dominate their stalls. With consumers' purchasing power declining, secondhand clothes have become attractive for the low-income group.
Nigeria used to be the largest textile hub in Sub-Saharan Africa, behind South Africa. Nigeria represented 63 per cent of the textile capacity in the West African sub-region. The number of textile and garment factories has fallen from 175 in the mid 1990s to less than 25 in 2010.
Nigerian clothes are not as good as secondhand clothes and fade faster. Consumers would like to buy new clothing but are constrained by paucity of funds. The real threat is not the secondhand clothes but the grey market which imitates local brands and also sells below production costs of local producers. Brands can’t meet up with the kind of price this market offers because of their high cost of production. But there are opportunities waiting to be harnessed in the mass market that seeks quality readymade clothes in various sizes at cheap prices.
London Fashion Week will be held from September 20 to 23. The four days will see designer catwalks, industry talks, designer shopping and consumer experiences. Around 14,000 visitors are expected to witness the ultimate fashion experience with curated shopping galleries from over 150 international and British brands, catwalk shows, industry talks and style presentations. Visitors can gain an insight into the fashion industry. It also gives designer brands the opportunity to meet and build direct relationships with new customers.
British fashion designer Liam Hodges will collaborate with Low Heat to launch an exclusive collection of merchandise available for purchase. Low Heat is a channel for local and international artists to share their music and experiment with new creative ideas. The fashion week will present autumn/winter ’18 collections from Mother of Pearl. Designer Katherine Hamnett will also present a catwalk collection.
Model, activist and body positive ambassador Charli Howard will discuss body positivity and image in the fashion industry and self-care in the digital age. Glamour’s fashion director at large Alexandra Fullerton will explore opportunities in visual roles in fashion, from set design to art direction with a panel of industry insiders. Niomi Smart will discuss the power of digital influence.
ISPO Munich will be held from February 3 to 6, 2019. It will feature leading textile innovations. Ten different sectors will be featured, including base and second layer, to membrane and coatings, insulation, trims and accessories.
With the popularity of ISPO Textrends continuing to grow from participants as well as visitors, two new areas have been highlighted for the fall/winter 20/21 edition. Performance Finishes has been developed to highlight the development in this sector from chemical finishing companies. More brands are looking to using layering technology in their fabrics. Through the latest scientific developments many functional factors can be added to a fabric through finishing.
Natural Generation has been incorporated with growing demand for natural fabrics along with performance. Sustainability having gained ground across the entire textile chain, natural tendency focus on the benefits that natural fibers can bring to the sports and outdoors markets. Applications to this new sector must have a minimum of 80 per cent natural ingredients as the proprietary fiber.
Awardees at ISPO Textrends are automatically included into the seasonal Trend Book with photos of the winning products combined with direct contact info and full descriptions. The seasonal trend book has proven to be an essential sourcing tool, with the contents of ISPO Textrends available at your fingertips 365 days a year.
Fashion’s best-kept secret is its criminal waste. Luxury brands would rather destroy their unsold stock than offer discounts. Tons of unsold stocks in mint condition are destroyed every year by brands. Reasons could be to keep the demand high and supply low; to ensure that nothing goes into the discount market, and to maintain the exclusivity and mystique associated with their brands.
Every sort of luxury product—from watches to perfumes and bags--has been destroyed. And since fashion cycles are increasingly getting shorter, due to the alarming regularity with which fashion weeks are hosted, there is a lot of excess stock to destroy. Impairment of inventories are done because of product obsolescence (end of season collection, approaching date of expiry etc.) or lack of sales prospects.
Some brands dump their products by holding private sales for their employees and journalists covering luxury. Once that is done, they just burn the rest of the merchandise. Rather than destroying, one way out for brands is a drop in production. Another way is to design products that can be recycled, with a focus on creativity and innovation to avoid unsustainable practices. Curtailing excess production and large-scale destruction are two crucial issues that the luxury industry will have to think about a lot more seriously.
Ikea’s entry into India has hit sales of some furniture makers. When brands like Ikea announce their launch, customers put their immediate purchases on hold and wait for the brand to make an entry. This process affects business for other players.
But they feel after the initial excitement and curiosity settles down, customers will streamline their buying preferences and many of their regular customers will return. In their bid to take on competition, domestic players have shifted their focus from price point strategy to material quality strategy.
Some furniture makers have managed to find a perfect solution to keep up with customer expectations. They are manufacturing a roll-pack mattress that can easily fit into the size of a TV box bringing the shipping cost down by 70 per cent. They hope to ship more products at a low cost across India and the waiting period is less than three days.
One startup has even opened an experiential center, where customers can go sleep for 30 minutes before buying the product. Another startup visits customers at their homes, which brands like Ikea may fail to do. This helps a brand understand customer expectations and build what customers want. The country’s furniture market is projected to cross $32 billion by 2019.
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