In the recent past, you have wished and been wished a happy new year. When was the last time someone wished you happy new product? In case you have to stretch your memory about your last new product launch, chances are your products are dated! Let’s take a sock manufacturer as an example. Say, they have been happy with their business as the local market they have been supplying to has been kind to them. Business is steady and profits are healthy. They are unlikely to innovate, presumably somewhat oblivious that they are indeed part of the booming worldwide socks market. As retailers and e-tailers look for fresh new products to woo their customers, this sock manufacturer is likely to take a back seat. On the global scene, the socks market is one of the fastest growing segments of the apparel industry with a compound annual growth rate of 8.5% at present. By 2023, the global socks market is estimated to be worth around the $11.6 billion mark. Specialty socks, athletic s... Read more
Pinakin Chaubal holds Master’s degrees in Management and Textile Engineering. He has been a long time assessor for NATA ISO 17025 laboratory accreditation and has contributed to the review and drafting of several Australian, Joint Australian / New Zealand and International Standards on textiles, clothing and footwear. Global brands like H&M, Zara and most others are getting settled in India at an unprecedented rate. In fact, it’s more a case of who hasn’t entered the zoo, rather than who has. Global selling platforms like amazon.com have been successfully wooing Indian suppliers. Historically price sensitive apparel products like inner ware are moving to brand sensitive categories in the minds of local consumers. Now where does all this leave your product? At the centre stage! In this competitive market, if your product does not take the centre-stage, it will lag, struggle for a while and may eventually suffer from severe competitive arrest. Brand ma... Read more
The announcement of reciprocal tariffs by the US, even with the 90-day pause on those excluding China, has triggered a... Read more
Julie Holt, Director, Global Business & Exhibition has led the expo since its inception in 2010. She is focused on... Read more
The global garment industry is a complex web of production, distribution, and consumption, with shifting trends and regional disparities shaping... Read more
Messe Frankfurt and Concept N Strategies join forces Messe Frankfurt Trade Fairs India Pvt Ltd has partnered with Concept N... Read more
The narrative surrounding China's luxury market has been rife with talks of a slowdown. However, a recent report by DLG... Read more
Bangladesh, renowned for its robust garment manufacturing sector, is undergoing a profound transformation towards sustainability. This evolution is underscored by... Read more
Functional Fabric Fair, powered by Performance Days, is set to return to Portland, Oregon, from April 14 to 16, 2025,... Read more
The US stands as an important export destination for the Indian textile and apparel (T&A) industry, with annual shipments reaching... Read more
Techtextil and Texprocess 2026 are set to mark a powerful return from 21 to 24 April in Frankfurt, Germany, with... Read more
The US textile recycling and resale industry is reeling from the steep tariffs imposed on imported textile scraps and used... Read more