Blog: Vietnam's exports to the US continue to surge
Leonie Barrie | 14 July 2015
Apparel imports into the US continued on their upward trajectory in May, with China bouncing back from its second decline this year, Vietnam surging and Bangladesh up again. But while eight of the top-ten supplier counties saw growth, those further down the list suffered.
A deeper look at trade shifts in 2014 shows that Vietnam was responsible for the lion’s share of the overall growth in US textile and apparel imports, while China held its stake of the total at around 39%.
Some of the largest international fashion brands sourcing from Pakistan – including H&M, Li & Fung, Gap India and C&A – have reaffirmed their commitment to improving labour and environmental practices in the country’s textile and clothing sector.
For factories, one of the biggest challenges is how to deal in an open-costing world? As a supplier will it help to give buyers a breakdown of costs, or will buyers just use this as a means of driving cost down?"
?And in terms of technology, while 3D design and virtual prototyping is already well-established in industries like architecture and automotives, the fashion industry is still grappling to find the best ways to leverage its business benefits.
Legacy systems are also holding back manufacturers in the fast-paced fashion industry - with brand owners and manufacturers in many cases questioning whether they are fit for the task in hand.
In an analysis of plans by Li & Fung and Chinese retailers Bailian Group and Wangfujing Department Store to develop private label clothing brands, analysts believe there are considerable challenges to overcome.
And an improving US labour market, rising consumer confidence and higher wages were not enough to spark a significant break-out in spending in June, with half of the clothing chains reporting monthly comparable store sales seeing lower or flat trends.
And in other news, an EU initiative on responsible management of the garment supply chain is being planned; labour rights groups want an overhaul of the approach to inspection reports on factory safety and working conditions; and Bangladesh apparel exports missed their full-year target.
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...
This week our focus turns to first thoughts from a panel of industry experts consulted by just-style on the challenges and opportunities likely to face the apparel supply chain in 2017, with prospects...
Welcome back after the holiday break, and from the team here at just-style I’d like to wish all our readers a happy and prosperous New Year....
While progress has been made in talks on the Transatlantic Trade & Investment Partnership (TTIP) pact, the EU and US have this week outlined areas where significant work remains to be done....
Apparel sourcing is a complex process built on a mix of location, logistics, lead-time, price, compliance, risk and reliability. And it's in a constant state of flux as retailers, brands and manufactu...
- Trump and the apparel industry – Infographic
- How US border adjustment tax could affect apparel
- Apparel factory auditing is in the firing line
- British Brexit plans prioritise tariff-free trade
- NRF 2017 – Retail tech launches and developments
- New project to digitalise European fashion chains
- Brands need to tackle Turkey factory refugee abuse
- JC Penney to roll out hundreds of Nike "shops"
- Cambodia clothing exports at risk from Brexit
- Apparel brands urge Bangladesh PM to address wages
- Outdoor performance apparel 2016: A broader perspective
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Anti-odour clothing: fresh fashion for an active lifestyle
- Global apparel markets: product developments and innovations, October 2016
- Global market review of lingerie – forecasts to 2022