FW
Despite its size, India's textile industry has struggled on the global market. India’s share in global textile exports has declined while countries like Bangladesh and Vietnam are expanding their market share. A new study suggests India’s textile exports are constrained by high costs, unhelpful customs policies and competition from abroad.
In an article published on Ideas for India, a policy research portal, Saon Ray of the Indian Council for Research on International Economic Relations (ICRIER) explores the reasons for Indian garment exporters' struggles by drawing on data from surveys conducted in 2010. The survey covered 127 firms and 25 respondents in five apparel production centers in Bangalore, Delhi, Kolkata, Ludhiana, and Tirupur.
To make Indian textiles more competitive, the survey recommends that the government should improve infrastructure networks to streamline the textile input-procurement process and ease credit constraints for textile exporters.
Advance Denim Co will soon become the first Chinese denim manufacturer to offer a collection made with Archroma’s aniline-free* Denisol® Pure Indigo. The motto for this line is ‘True to Denim’. It focuses on innovation and sustainable manufacturing, Advance Denim wanted to explore Archroma’s aniline-free* indigo solution right from the time it was first launched in May 2018 as a non-toxic way to produce the traditional, iconic indigo blue that consumers associate with denim and jeans.
During traditional indigo dyeing process production, some of the aniline stays locked into the indigo pigment and is difficult to wash off the fabric. The remainder of the aniline impurity, approximately 300 metric tons annually, is discharged during dyeing. This can be an issue as aniline is toxic to aquatic life. In addition, exposure levels to factory workers can be high. As a result of its toxicity it is now starting to feature on the restricted substance lists (RSL) of some major clothing brands and retailers.
The new Denisol® Pure Indigo 30 liq was therefore developed as an aniline-free* indigo solution for designers, manufacturers and brand owners who long for authentic indigo inspiration.
Established in 1987, Advance Denim is the oldest denim mill in China. The company has its own innovative research and development, manufacturing and sales teams, including a 120,000 square meter manufacturing facility in Shunde, China, and well as offices in Hong Kong, Shanghai, Amsterdam and New York.
Good Fashion Fund provides impact lending tools to finance investments in supply chain innovations specifically in India, Bangladesh and Vietnam as well as other areas throughout Asia.
The new fund’s blended structure combines risk-tolerant capital with private sector investment that allows for flexibility and tailored financing to best fit each individual’s situation. Initiated by Fashion for Good, Good Fashion Fund spearheads systemic change in the apparel and footwear supply chain.
Disruptive innovation is needed to shift the fashion industry from a model of take-make-waste toward a more circular and regenerative system. While the technology exists today to move forward toward circularity, it is not yet being scaled. Good Fashion Fund provides the resources, tools and incentives needed to bridge the innovation gap, bringing these innovations to the mainstream. This is the first investment fund focused solely on driving the implementation of innovative solutions in the fashion industry. Currently, apparel supply chains are plagued by their negative environmental and social impacts. But while sustainable solutions do exist today, there is a lack of capital available to scale these technologies within the supply chain. The fund was created to address this gap – connecting the most promising technologies to the industry to collaboratively tackle its challenges.
The trade war between the United States and China has resulted in the historic devaluation of various countries. A day after the new tariff raise became operative, The Popular Bank of China reported 7,0883 yuan for the price of one dollar, the weakest number since March 2008. Overall, this strength of the American currency weakens the value of other currencies, specially the already weak ones, like the emerging economies.
Turkey too has recorded a turbulent year for its currency. The political uncertainty of the country sank the value of its currency by 30 per cent in 2018 and another 10 per cent in 2019. Last August, the Turkish lira dropped by 12 per cent in less than 24 hours.
The euro too continues to weaken. The European currency dropped by the 1.10 euros bar, since 2017, its minimum number in 27 months. Fears of Germany in the technical recession and the threat of Brexit without deal the low of the currency.
Weakness of the euro will give a more competitive strength to the European exports but at the same time imports will become higher. It will also destabilise the external trade of devaluation, also historic of the sterling pound. Submerged in a downfall path because of its current political chaos, the drop of the British currency penalises European exports to the British market, the second in the region.
The stock of the pound, that started the year over 1.27 dollars, dropped this week the 1,20 dollars bar, going to its minimum in three years. If it keeps going down, it will reach levels not seen since 1985.
Foreign firms in Vietnam, rather than Vietnamese firms, dominate Vietnam’s exports to the world and particularly the US. In the garment sector, for example, Vietnamese companies only account for 16 per cent of the country’s export value with FDI firms making up the remaining 84 per cent.
South Korean garment manufacturers in Vietnam have been the biggest contributors. South Korean companies account for almost half of Vietnam’s garment export value. South Korean corporations have been in Vietnam since early 2000s and have well established supply chains in the country. In comparison most Vietnamese companies are still small-sized and do not meet foreign buyers’ requirements on quality, quantity and cost. South Korean and Taiwanese companies account for 98 per cent of Vietnam’s total exports of phones and parts. Vietnamese firms only contribute indirectly to the export growth by supplying some parts for these foreign companies.
Many American customers buy from their partners in China or from FDI companies manufacturing in Vietnam. US buyers still prefer products from China because prices are more competitive than that of Vietnamese products. The bulk of Vietnam’s imports comes from China, which accounts for 18.2 per cent of all imports into Vietnam. China is followed by South Korea, Asean, Japan and the EU.
Eurojersey has launched its new A/W 2020-21 ready-to-wear collection of Sensitive® Fabrics at the Premiere Vision exhibition. These fabrics feature versatile and multi-purpose prints designed for a contemporary lifestyle. Their impeccable fit is guaranteed by their innovative technical features. Ideally applied in the apparel industry, these fabrics have an across-the-board relevance and can interpret a wardrobe of multifunctional garments; from on-trend moods to urban-chic styles, more formal outfits for business occasions or feminine looks.
Rich in identity and glamour, these fabrics draw inspiration from the pared-down buildings of avant-garde architecture or the romanticism of a bohemian lifestyle, to translate it into a more contemporary and high-tech version. Their geometric motifs are offset by animalier prints or houndstooth weaves transferred with a perfectly defined rendering. Hyper-realistic patterns are impressed onto their ultra-flat surface with 3D-effect photographic precision, thanks to the company’s digital printing.
Cifra, a leading producer of Warp Knit Seamless (WKS ™), will present its new concept garments at the Functional Fabric Fair in Portland and Performance Days in Munich. These garments have been created in the name of uniqueness and sustainability with their exclusive, internationally patented technology. In short, these outdoor, hybrid, activewear and athleisure prototypes possess the highest in technological and stylistic qualities.
Cifra, which has always been actively involved in favor of environmental sustainability, is today considered an absolute point of reference in responsible production. On the one hand, there is the Zero Waste commitment and on the other, the Green Attitude project which has to do with the introduction of eco-sustainable and regenerated yarns such as Econyl® by Aquafil, QNova® by Fulgar, Starlight® by Radici, Amni Soul Eco® by Fulgar, Eco Smart® by Roica, and Sensil® Ecocare by Nilit Fibers.
Among the most recent in textile innovations, Warp Knit Seamless® undoubtedly ranks among the most significant and far-reaching. It has to do with a new way of imagining seamless, both in terms of manufacturing technology and in terms of the final product, compared to traditional garments which are made on circular or rectilinear machines.
The eight edition of the Barcelona Fashion Summit will be held from February 6, 2020. The event, in its latest edition will feature over 850 executives in the Palau de Congressos in Barcelona.
Organised annually by Modaes.es and the support of the Consorci de Comerç, Artesania i Moda de Catalunya (Ccam), the Barcelona Fashion Summit aims to value the importance of the fashion business in the country and create an environment of knowledge around the biggest challenges of the sector.
Every year, the event focuses in a theme of interest for the industry, in 2014, keys of the fashion leadership, in 2016 the digitalisation challenge, in 2016 vectors of growth, in 2017 generational relieve and in 2018 a reset call was made.
The title for the last event was: Fashion year 0: keys to reinvent the fashion business and had the presence of executives of retailers like Inditex, Desigual or Pepe Jeans, experts from DDB or EY, etc
The four-day 20th Textech Bangladesh International Expo that kicked off in Dhaka showcasing textile and apparel products of more than 1,300 manufacturers around the globe. Manufacturers from around 25 countries including China, India, Germany, the UK, the USA, Taiwan, Japan, Turkey, Italy and Sri Lanka are showcasing their products. They are displaying different type of yarns, fabrics, computer jacquard elastic belt, buttons, trims, accessories, chemical, dyes, machinery including Bow machine and other related products and services. According to them, this expo will help both the parties to cut cost, build contact and increase profit.
The Bangladesh textile and apparel export industry has been a key part of the country’s economy over the past few decades. The current export value of the industry stands at around US$ 31 billion per year. This is projected to grow to US$ 50 billion by 2021.
PG Denim, the designer project by Paolo Gnutti, is presenting new concepts developed for the S/S 2021 season at the Munich Fabric Start exhibition, being held from September 03-05, 2019(Munich, 3-5 September 2019). The company is focusing on circularity, seen from a dual perspective: the product with the no longer traditional alternation of seasons, and a sustainability oriented approach.
The collections by PG Denim are a ‘mix of products without seasonality.’ Their focal points are innovation alongside the concept behind the initial idea, as opposed to just the season. These collections have been designed starting form macro-trends and present fabrics for garments that are easy to wear and suitable for both warm and cold temperatures. The lines for the previous season are thus reintroduced and restyled playing with weights and sizes, within a range where flock meets ultra-light fabric bases, or where vinyl is combined with typically summer weights which shift the fabric towards the world of “paper” with crispy touches, resulting in extraordinarily lightweight and strong items at the same time. Also, the Garage Denim theme has been upgraded with fluid and smoothed touched for garments which are easy to wear and have a strong personality.
The PG Denim season has also partnered with The Denim Window project, which has resulted in a limited series of Creative Capsule collections, derived from the idea of bringing together companies which had already worked or were working together, trying to highlight – through small capsule collections – the best of what had already been produced by traditional businesses. This has resulted in three trailblazing capsules, two of which designed in partnership by PG Denim and companies the likes of M&J Group, Cadica and Greenwear.
