Blog: Sourcing trends show fluctuating fortunes
Leonie Barrie | 14 July 2014
Despite forecasts suggesting US imports would continue to rise in May - in part to offset the threat of possible industrial action and disruption at major West Coast container ports this summer - the latest data in fact shows apparel imports were down year-on-year.
And while Vietnam was one of the few countries bucking the overall decline, shipments from China and Bangladesh showed fluctuating fortunes.
Rising wages in China have not, as many feared, forced garment buyers to look elsewhere - thanks to the country's garment makers managing to keep their prices competitive.
But other potential problems are emerging from The China Dream adopted by Xi Jinping as the theme of his presidency. Combining "economic prosperity" with "national rejuvenation", the second part of this vision is starting to look troubling.
While the tide on US imports appears to be turning for Bangladesh, the country's overall ready-made garment exports soared by nearly 14% in the just-finished fiscal year as political stability returned to the South Asian country.
Keeping an eye on its retail supply chain has prompted Spanish retail giant Inditex, operator of the Zara fast fashion stores, to renew a "ground-breaking" agreement designed to monitor and track issues including labour standards and sub-contracting.
And an improving employment picture, favourable weather for purchases of summer clothing, and heavy promotions fuelled better-than-expected sales for US apparel retailers in June - but analysts have warned that headwinds remain.
The first quarter at UK retailer Marks & Spencer marked the twelfth consecutive decline in general merchandise sales - although clothing edged up 0.1% during the period. Some analysts describe the performance as "lacklustre" and "disappointing", while others believe it is "encouraging" and "provides some relief".
Some of just-style’s more eagle-eyed readers might have noticed a small change to the menu bar on the homepage: the addition of the word re:source. Yes it might be a small change – but it marks the co...
Over the past week just-style has continued to try to unravel the potential ramifications of Donald Trump’s election as the next president of the United States....
The European Union (EU) is being urged to adopt a roadmap for Sri Lanka with time-bound measures to comply with core labour conventions before it can regain GSP+ beneficiary status. ...
One event dominated the international airwaves last week, and on just-style too we took a closer look at the surprise election of Donald Trump as the 45th president of the United States....
As the Brexit roller-coaster continues to twist and turn, and the US presidential election campaign nears its unpredictable and possibly protectionist end, there's no doubt these events – and the perc...
- Why do modern robotics elude sportswear makers?
- Traditional financing is a misfit for fast fashion
- Bagir CEO says suit-maker is back on track
- Trump trade policy – Who knows what he'll do?
- How would end of NAFTA affect US apparel industry?
- Bagir exports first trousers for H&M from Ethiopia
- US Q3 in brief - G-III Apparel, Express
- Fruit of the Loom CEO Medlin dies suddenly
- Film documents Cambodia garment workers' stories
- Crystal expands empowerment project to male staff
- Outdoor performance apparel 2016: A broader perspective
- Global market review of lingerie – forecasts to 2022
- Global apparel markets: product developments and innovations, October 2016
- Footwear Top 5 Emerging Markets Industry Guide_2016
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack