Top stories this week on just-style include an interview with Senol Sankaya, CEO of Yesim Tekstil, on how the company adapted to Covid-19 and why it is optimistic going forward. US textiles and apparel sales could shrink by more than 50% this year due to the pandemic, which is the biggest concern facing today’s US fashion industry executives, and digital mapping technology has tracked garment factory closures in Bangladesh since the outbreak of coronavirus.
Yesim Tekstil upbeat as brands look closer for do-it-all suppliers
Despite the upheaval of the global coronavirus crisis, the future looks bright for Turkish textile and garment mega-producer Yesim Tekstil with European brands increasingly seeking vertically integrated suppliers, sustainability and options to near-shore production. CEO Senol Sankaya tells just-style how the company adapted to the pandemic, and why it is optimistic going forward.
Pandemic could shrink US apparel sales by 50% in 2020
US textiles and apparel sales could shrink by more than 50% this year due to the coronavirus outbreak, top executives say, but fabric makers are set to fare better than retailers amid a booming personal protective equipment (PPE) shift.
Pandemic and trade war top concerns for US fashion firms
The economic and personal impact of the Covid-19 global pandemic, and the protectionist trade policy agenda in the US are the biggest concerns facing today’s US fashion industry executives. Unsurprisingly, they are contributing to a more conservative outlook for the future.
Top China cotton producer placed on US trade ban list
US companies have been banned from trading or engaging with the Xinjiang Production and Construction Corporation (XPCC) — a government entity that has interests in cotton farming and sales — after the organisation was placed on a Specially Designated Nationals List.
Digital map shows Bangladesh factory closures since pandemic
A digital mapping technology that tracks the development of readymade garment factories in Bangladesh has revealed 9% of facilities surveyed have permanently closed following the Covid-19 pandemic.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
