Top stories on just-style this week include in a change in who collects payroll taxes in China – a move that could lead to higher costs for factories, the challenges of closing the loop in the fashion industry, and the new United States-Mexico-Canada Agreement (USMCA).
China’s factories about to pay a lot more in payroll taxes
For years Chinese factories failed to enroll workers onto the country’s social insurance scheme. But things could be about to change. From January next year responsibility for collecting payroll taxes will pass from the local social security bureau to local tax authorities, who have the capability and corporate tax data to ensure much better levels of compliance .
How to move further and faster on closed loop clothing
There’s a lot of talk about the potential benefits of developing a closed loop or circular economy as a long-term solution to the environmental impacts of the clothing industry and its supply chain – yet delivering real change is so far proving to be slow. An expert panel at the recent Innovation and Technology Symposium at the Fashion Summit (Hong Kong) 2018 discussed some of the challenges of closing the loop in the fashion industry, and potential solutions for moving from hype to action.
US apparel industry welcomes new trade pact with Mexico, Canada
The North America Free Trade Agreement is to be replaced by a new deal after Canada, the United States and Mexico successfully concluded more than a year’s worth of talks – with the new pact called the United States-Mexico-Canada Agreement (USMCA).
Nike to invest further in speeding up supply chain
US sporting goods giant Nike will continue to invest in speeding up its supply chain capabilities during fiscal 2019, a group of investors has been told, in the wake of the company’s first-quarter results.
VF Corp’s source maps track supply chain footprint
US apparel giant VF Corp is allowing consumers to track the supply chain footprint for ten of its brands most “iconic” products through a new online traceability tool.
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
