Blog: Michelle RussellBangladesh Alliance and Accord update on progress

Michelle Russell | 28 July 2014

The Alliance for Bangladesh Worker Safety, and the Accord on Fire and Building Safety have both issued their first annual reports, providing an update on the work carried out on improving safety and working conditions in the country to date.

On a briefing to mark the first anniversary of the Alliance, an advisor to the group told just-style that preliminary estimates suggest the 26 member companies "are actually sourcing more product from Bangladesh than last year at this time". Progress, however, is "far from over", with the total cost likely to be in the region of $150m and take 12-18 another months to complete.

Accord members also talked costs, with the group calling on retailers and clothing brands to contribute more to the fund in order to complete factory inspections.

According to industry experts speaking at a technology event in London this month, it's one thing to invest in a product lifecycle management (PLM) system - but another altogether to get the most value out of the solution. PLM projects should be driven from a business perspective if they are to deliver real gains in terms of revenue, margin improvement and inventory efficiency - with users on board from the beginning, speakers told delegates.

Elsewhere, new strategies for sporting giant Nike and underwear maker Hanesbrands have clearly been paying off.

Nike is raising its prices at a time when other companies are turning to increased markdowns and heavy promotional activity to drive traffic. Analysts say the strategy is single-handedly driving growth in the US sneaker market, as well as helping the company to carve out a new competitive advantage.

Hanesbrands last week praised the efficiency of its supply chain, describing it as "a clear contributor" to earnings, helping the underwear maker outperform in its second-quarter. Ensuring a more low-cost supply chain is part of the group's Innovate-to-Elevate strategy.

In the UK, Tesco has had a less rosy time of late in its domestic market, but the news its CEO Philip Clarke is to step down lifted its share price with analysts optimistic incoming Unilever executive Dave Lewis may have what it takes to turn the group's fortunes around. Analysts are sure one of Tesco's more exportable offers - clothing - will be a central focus when he takes up his position.

BLOG

US border tax a contentious issue

Fresh from their disappointment at seeing the Trans-Pacific Partnership (TPP) free trade deal abandoned last month with an executive order by President Donald Trump, the US apparel and footwear sector...

NEWS

Bangladesh government steps in over labour crackdown

The Bangladesh government has responded to pressure over its crackdown on labour activists after a number of global brands and retailers pulled out of this week's Dhaka Apparel Summit in protest....

BLOG

Primark's sustainable cotton programme takes shape

With the ultimate aim of ensuring all the cotton in its products is sourced sustainably, value clothing retailer Primark is adamant that having a business model focused on offering the lowest prices o...

BLOG

Trump administration starts to shake up trade

Last week we marked the inauguration of Donald Trump as the 45th president of the United States by taking a closer look at what's at stake for the textile and apparel trade – especially his promises t...

NEWS

Gildan books sales and profit hike in Q4

Apparel maker Gildan Activewear has booked a rise in both earnings and revenue in its fourth-quarter, thanks to growing sales in its printwear and branded apparel businesses....

BLOG

Likely shifts in the sourcing landscape in 2017

Continuing our look at what lies ahead for the apparel industry and its supply chain in 2017, the panel of industry experts consulted by just-style last week tackled likely shifts in the sourcing land...

just-style homepage



Forgot your password?