Feedback Here

fbook  tweeter  linkin YouTube
Global contents also translated in Chinese

Turkey’s TGSD requests brands to retain orders, make payments

Turkish Clothing Manufacturers Association Board (TGSD) has called out US brands and retailers for a rash of order cancellations, production suspensions, payment extensions and even demands to halt in-process orders. According to the trade group, some companies have requested to defer payment on orders that have already been delivered to distribution centers and stores.

TGSD has also received hundreds of messages from manufacturers and suppliers drawing attention to these issues and detailing the circumstances that their organizations are facing.

According to the board, factories are facing a massive buildup of inventory, with many large-volume orders cancelled. If brands do not step up to help their suppliers finance the minimum liabilities, their workers will suffer. While Turkish suppliers acknowledge the challenging retail landscape, as well as brands’ desire to preserve liquidity during this trying time, TGSD requested that the country’s American and European partners seek constructive solutions.

TGSD also advised that fashion businesses to preserve their long-term strategic partnerships, as the pandemic will end in due time.

 
LATEST TOP NEWS
 


 
MOST POPULAR NEWS
 
VF Logo