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 highly anticipated, 'Lyst! Inside Q1 2025’s Hottest Fashion Rankings' report has sent ripples through the industry, highlighting a market... Read more
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The global apparel market is a dynamic arena, and a close examination of the data reveals a compelling story of... Read more
The Indian textile sector—one of the most important pillars of our economy—is now confronting an important moment. The Ministry of... Read more
A premium stretch fiber developed by Asahi Kasei, Roica is at the forefront of the textile industry's shift towards more... Read more
The European textile and apparel industry, a major contribute to the continent’s manufacturing ecosystem, is grappling with mounting uncertainty following... Read more
Europe prides itself on being a leader in sustainability, but ironically, its textile recycling sector is on the verge of... Read more
When the latest KPMG and Circular Fashion Federation report landed, it made an immediate splash: a projected €31.3 billion opportunity... Read more
In the glittering world of fashion, where storytelling is everything, the small but powerful ‘Made in...’ tag is often the... Read more
In the world of global trade, few terms have the covert glamour and historical baggage of ‘submarining’. Once a relic... Read more