The bull run that the Chinese textile and apparel industry experienced from November 2020 lasted until March 2021. However, by mid-M arch, the Chinese market started gradually weakening as in 2020 the US retail market struggled with inventory stabilization and recovery.
US’ imports of textiles and appa... Read more
In the webinar titled ‘The Perfect Storm: Future-Proofing Your Fashion Business’, Michael Ho, Marketing & Brand Partnerships Manager, Zalora, described 2020 as a year of expansion. The webinar was a part of the three fashion-related webinars hosted by the Online HKTDC International Sourcing Sh... Read more
From production of basic wear, the Bangladesh and garment industry is fast transforming into a manufacturer of sophisticated garments aided by high-end technologies. A large part of this growth is being led by the denim industry, says a Denim Focus report.
Already a reputed name in the world denim market, Ba... Read more
The ban on Xinjiang cotton has shifted apparel brands’ attention to Uzbek cotton as well. As Apparel Insider report, huge tracts of land in Uzbekistan are being transferred to private operators for cotton cultivation. However, this has left many farmers destitute and poor. Farmers in the country are bei... Read more
The pandemic has brought profound challenges for the global luxury goods industry. As per a Bain & Company report, luxury goods sales fell to $331 billion in 2020. They are expected to reach 2019 levels only 2022-end or early 2023. A Forbes report estimates 2021 to be a year of transition for the luxury f... Read more
Nearly all governments across the world have announced fiscal stimulus packages for their economies to recover from the effects of COVID-19. However, the proportion of funds allotted for sustainability initiatives in these packages is much lower than those announced during the Great Recession, says a report b... Read more
As against the entire world, COVID-19 has proved to be a blessing in disguise for the Pakistan textile sector. The country has not only received backlogged orders but also orders diverted from other regional countries like India and Bangladesh. As per Business Recorder, against 5.6 per cent growth recorded du... Read more
With order cancellations and payment deferrals becoming the order of the day during the pandemic, factory owners started laying off workers without paying even their due wages. As per an Al Jazeera report, some of these workers hail from countries that do not offer social security. In February 2020, a garment... Read more
COVID-19 changed public consumption patterns across the world last year. As per Indonesia’s industry ministry, consumption of textile and apparel products (T&A) declined to -8.8 per cent on an annual basis during the year. And as Redma Wirawasta, Secretary General, Association of Indonesian Fiber an... Read more
Despite being known as the green fiber of the 21st century, prices of lyocell’s prices increased only 6 per cent in January-February 2021 period, while prices of most other fibers increased over 30 per cent. As per a CCF Group report, one reason for this is the slackness in demand due to China’s L... Read more
With lockdowns increasing demand for activewear, there has been 80 per cent rise in use of recycled polyester since 2019, says a report by The Gaurdian. A recent McKinsey & Company survey also finds a 151 per cent rise in search for sustainable activewear while 67 per cent consumers were seen scouting for... Read more
Textile machinery manufacturer, Marzoli India plans to relocate its India assembly line from Hosur to Coimbatore. Incorporated in October 1994 in Bengaluru, Marzoli India’s parent company Marzoli International has over 170 years experience in manufacturing spinning machines. It was established... Read more
Fashion retail markets across the world were under severe stress even before the COVID-19 crisis. A new KPMG report ‘Covid-19: Mitigation strategy for Indian textile and apparel sector’ highlights issues like deep discounting and damp consumer sentiments were already threatening the future p... Read more