December 2010 management briefing: A year in review
The global apparel industry was largely in recovery mode in 2010 following global economic turmoil the year before. And in all sectors, from retailing to manufacturing and sourcing, winners and losers were not hard to find. just-style’s review of the year tracks those for whom 2010 will be memorable in more ways than one, and also takes a look at some of the more unusual stories hitting the headlines.
While some retailers continued to be vulnerable to cost-cutting, swingeing redundancies and store closures in 2010, others acted swiftly to respond to the changing economic circumstances, offering real value to their customers and embarking on ambitious international expansion.
With the global textile and clothing industry this year emerging from a deep slump, it is perhaps understandable that there were going to be unexpected twists and turns in the sector during 2010.
Garment-making countries had a number of hurdles to overcome in 2010, with natural disasters like floods and earthquakes striving to disrupt supply chains already battling a surge in labour, raw material and transport costs and a never-ending run of industrial disputes. But while some buckled under the weight of this pressure, others really came into their own.
Established skills and tradition were not enough to save some apparel makers from layoffs and factory closures in 2010. But acquisitions, an environmental focus and international expansion helped others to build on a solid recovery from the recession.
- Under Armour Lighthouse will disrupt production
- Will new Vietnam wage hinder competitiveness?
- How TAL Apparel is staying ahead of the game
- Digitisation to drive new apparel-making models
- Ethiopia violence undermines sourcing strategies
- Marks & Spencer top for modern slavery reporting
- Bangladesh garment workers rally for higher wages
- MAS Holdings shares commitment to sustainability
- Gap to shutter all UK Banana Republic stores
- H&M CEO named sustainability leader
- Africa-Med strategic sourcing review – comparing East Africa, North Africa and Turkey
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Apparel (GLOBAL) - Industry Report
- Global Sports and Fitness Wear Market 2016-2020