Some of the topics discussed this year in our features were the cost-of-living crisis, unstable supply chains, sustainability reporting standards, and geopolitical tensions, among others, with industry experts offering their views on these industry-wide challenges, innovations and opportunities.
Eight challenges for manufacturers in today’s fashion industry
Just Style spoke to manufacturers at the Source Fashion London event on the challenges they face in the ever-changing fashion industry.
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Outlook 2023 – Apparel industry challenges and opportunities
2023 could be a year full of risks but also opportunities for the industry.
Next warns of price increases in 2023 deemed ‘essential’ to maintain margins
UK fashion retailer Next reported a full-price sales increase over the Christmas period, beating estimates, but is now warning of an 8% hike in prices during spring/summer 2023 and a further 6% in autumn, a move analysts say is essential to maintaining margins.
Outlook 2023 – Navigating the rapidly evolving sourcing landscape
Sourcing diversification, supply chain agility and sustainable operations are key for brands to navigate the current crisis and successfully sail through 2023.
See Also:
Apparel sector faces global sustainability reporting standards in 2023
The international clothing and textile sector will have to take account of the first global sustainability reporting standards designed to become compulsory in many countries worldwide from 1 January 2024.
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By GlobalDataThe ten apparel sourcing countries to watch in 2023
Just Style has evaluated the scores within GlobalData’s Apparel Intelligence Center to reveal the top ten apparel-sourcing countries to watch in 2023.
10 Years since Rana Plaza, the Accord has some bold expansion plans
With the ten-year anniversary of the Bangladesh Rana Plaza tragedy upon us, there are calls for more brands to now commit to the Pakistan Accord, for the safety of garment workers.
Should the US apparel sector prepare for recession or recovery?
An analysis of US apparel import trends in the first two months of 2023 by Dr Sheng Lu, University of Delaware explores whether the US is headed in the direction of recession or recovery.
How fashion brands can own the resale game, and turn a profit
A seminar at the Source Fashion London event saw panellists discuss the commercial opportunities of reselling.
Key trends to watch as US apparel imports hit record high in 2022 but slow in 2023
Dr Sheng Lu reveals the main US apparel import patterns of 2022 and the critical issues to watch in 2023 based on the latest trade data released by the Office of Textiles and Apparel (OTEXA) and the US International Trade Commission (USITC).
Why China’s part of the global apparel supply chain is limping into 2023
Covid continues to wreak havoc with China’s apparel supply chain and experts believe weakened global demand will lead to more challenges in 2023.
Key trends to watch as world clothing trade moves from China to wider Asia in 2023
Dr Sheng Lu reveals the world apparel trade patterns of 2022 and the critical issues to watch in the second half of 2023 based on the recent World Trade Organization Statistical Review 2023 and data from the United Nations (UNComtrade).
What does sustainable apparel sourcing mean for Gen Z?
Students of Fashion and Apparel Studies at the University of Delaware share their views on sustainable apparel sourcing, what affects Generation Z’s shopping decisions, and what they make of fashion brands and retailers’ sustainability efforts.
Algorithms lawsuit against Shein raises serious AI fashion design concerns
Shein’s AI use suggests algorithmic fashion design could facilitate industrial-scale copying, while compounding overproduction and overconsumption.
M&S reaffirms sustainable and ethical commitment to Bangladesh sourcing
Marks & Spencer (M&S) has been an apparel sourcing partner to Bangladesh since 2006, supporting the nation’s industry through all its highs and lows. Just Style caught up with two M&S executives to learn about the UK High Street giant’s plans to effect real change in Bangladesh.
US fashion companies’ evolving sourcing strategies – a PVH case study
An analysis of PVH’s publicly released factory lists reveals the changes to its sourcing strategy from 2021 to 2022 and provides valuable insights into the evolving sourcing practices of US fashion companies.
Will Section 301 tariffs be lifted and what will it mean for the future of apparel, footwear and textiles?
The US apparel, footwear and retail sectors are at loggerheads with the textile industry over the impact of Section 301 tariffs which experts suggest are unlikely to be lifted by the Biden Administration as China and the US continue their power struggle.
Is China a business opportunity or liability for fashion companies in 2023?
Like it or not, the future of China as a market or sourcing base for Western fashion companies remains one of the most heated debates in 2023. University of Delaware’s associate professor of fashion and apparel studies, Dr Sheng Lu, uses GlobalData’s apparel brand and retail filings to investigate.
Analysts reveal what the apparel industry can expect in 2023 and beyond
The apparel retail and business analysts at Just Style’s parent company, GlobalData, held a webinar recently to round up the key themes and trends that have taken the industry by storm, and uncover what the industry will encounter in 2023 and beyond.
Inflation hits Vietnam’s apparel, footwear sectors as China reopens
After weathering a Covid-impacted 2021, Vietnam’s apparel and footwear sectors rebounded in 2022, along with the rest of the economy, and while the country is looking forward to medium-term expansion, 2023 could be a rocky ride with China reopening its doors to the world.
