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
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
The global supply chain, once heavily concentrated in China, is undergoing a profound re-evaluation. Geopolitical shifts and recent disruptions have... Read more
A recent analysis of global garment import trends from 2013 to 2024 reveals a divergence in strategies and market dynamics... Read more
India has moved decisively to restrict fabric imports from Bangladesh, enforcing a port-only policy that bars overland entry of key... Read more
In what’s being described as a high-stakes recalibration of global trade, a newly signed trade agreement between the US and... Read more
The digital racks of fashion e-commerce are changing as a new report by BoF Insights ‘The New Era of Fashion... Read more
The recently concluded Global Sourcing Expo Australia (June 17-19) in Sydney served as a vibrant testament to a significant shift... Read more
The Global Sourcing Expo, a pivotal event connecting global suppliers with Australian trade buyers, continues to solidify its position as... Read more
Global fast-fashion behemoth Shein released its extensive 2024 Sustainability and Social Impact Report in June, a document exceeding 100 pages.... Read more