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.
Fashion retailer H&M and UK based glove and leather manufacturer Pittards both say they are monitoring the situation in Ethiopia closely after the country's government declared a state of emergency af...
Increasing competition for garment sourcing contracts is seeing China not only being challenged by other countries in Asia, but by sub-Saharan African and even Russian suppliers too. And it is pushing...
The monthly minimum wage for workers in Cambodia's textile, garment and footwear sector is set to rise to $153 from January next year, following a vote on the issue last week. The increase marks a ris...
The results of two highly-anticipated initiatives in the sportswear sphere were revealed last week: the launch of Under Armour’s new UAS lifestyle brand and the first pair of running shoes created at ...
- Fashion fit for the future – strategies for speed
- How PVH is paving the way for connected apparel
- Digitisation to drive new apparel-making models
- Pakistan industry seeks help to kickstart exports
- Under Armour Lighthouse will disrupt production
- US Q3 in brief - Rocky Brands, Gymboree Corp
- Child refugees found in Turkey apparel factories
- Primark sourcing chief Gordon steps down
- Chinese manufacturer invests $20m in US facility
- Managing change in the move to new tech tools
- 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
- Global market review of lingerie – forecasts to 2022
- Global Sports and Fitness Wear Market 2016-2020