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
As Western countries actively seek to ‘de-risk’ their supply chains from China, India emerges as a prime contender to capture... Read more
The global textile industry, is on the cusp of a transformation driven by Industry 5.0. This new era of industrialization... Read more
India's textile industry is one of the main contributors to nation's economy. Recognizing its potential, various states are vying to... Read more
The Indian textile industry continues to grapple with differences between domestic and international prices for Polyester Staple Fibre (PSF) and... Read more
The Textile Association (India), Mumbai Unit, hosted an International Conference on Automation and Robotics in the Textile & Apparel Industry... Read more
Recent political instability and labor unrest in Bangladesh have cast a shadow over its apparel industry, the second-largest in the... Read more
WGSN, a leading authority in trend forecasting, alongside Coloro, has unveiled its highly anticipated fashion predictions for 2025. These insights,... Read more
Move over skinny jeans, there's a new silhouette in town. Barrel jeans, with their distinctive wide-leg and cinched ankle, are... Read more
The Indian textile industry is ready for a change with the advent of Industry 5.0. A new report, ‘Decoding the... Read more
China's textile and apparel exports in the first three quarters of 2024, was mixed, with growth slowing down in the... Read more