Blog: Top marks for Tesco
Leonie Barrie | 27 October 2006
Good to hear that Sri Lanka’s escalating civil conflict hasn’t deterred Tesco from ramping up its plans to buy more apparel from the country. Top executives from the UK-based retailer say they intend to buy up to 40% more clothing from the island next year, focusing on its up-market lines where Sri Lankan expertise can add value.
Even though Tesco’s confidence is undaunted – helped of course by duty-free tax breaks to Europe, lead times among the best in Asia, and first-class service – the underlying message is that it’s as important as ever to spread your sourcing risks. Tesco, for example, splits production between five main countries and certainly doesn’t believe in putting all its eggs in one basket. Just look at those firms who flocked to China and now regret it because quotas have been re-imposed on specific categories of clothing.
And what about other recent incidences of civil unrest (Thailand) and strikes (Bangladesh). Both are huge garment-producing countries, yet on recent visits myself and members of the just-style team have seen evidence of investment, optimism and, crucially, continuing visits by overseas buyers. Those very same buyers would be missing out on increasingly good deals if they let the threat of unrest put them off.
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....
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...
- Steps to piloting living wage in garment factories
- Trump blows the case for Brexit out of the water
- How to ensure sustainability is more than a slogan
- Duty-free trade key to build Africa supply chains
- US apparel retailers' November 2016 sales roundup
- Taiwan textile maker investing in first US plant
- US Q3 in brief – Destination Maternity, Cherokee
- Outdoor apparel sector set for double-digit growth
- Myanmar garment industry "lacking labour rights"
- World cotton price prospects lifted again