Top stories this week on just-style include an interview with Pallak Seth, founder and vice chairman of fashion supplier and sourcing powerhouse PDS Group, on how the company has navigated the coronavirus pandemic. There is also a powerful argument on why it’s time for the apparel industry to change, and Li & Fung is restructuring, less than two weeks after taking its business private.
A case study in crisis management – What next for PDS Group?
Trust, people and partnerships – key tenets underpinning fashion supplier and sourcing powerhouse PDS Group – have been tested to the limit during the coronavirus pandemic. But they’ve also stood the business in good stead, helping to not only weather the storm but reposition it to emerge even stronger from the crisis, as founder and vice chairman Pallak Seth explains.
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From Field to Shelf – Selling garments should never be the same
As an industry we keep repeating ourselves: making the same mistakes over and over again. Twenty-five years ago, the pain was felt in America. Today it’s suffered in Bangladesh. We must acknowledge that it’s time for a change. The old model has overstayed its welcome and outlived its usefulness. It should be scrapped for something better. By Robert Antoshak, managing director of Olah Inc.
US apparel imports from Central America fall off a cliff in April
As the global garment industry continued to collapse under the weight of the Covid-19 pandemic throughout April, US apparel imports tumbled by more than a quarter on the previous month – with Central American suppliers Honduras and El Salvador recording the sharpest declines in shipments at more than 90% each.
Vietnam unanimously approves EU trade deal
Vietnam has approved the EU-Vietnam Free Trade Agreement (EVFTA), clearing the path for adoption of the pact this summer.
Li & Fung restructuring with job cuts
Less than two weeks after taking its business private, Hong Kong-based sourcing giant Li & Fung is restructuring in a move that will potentially see the loss of more than 1,500 jobs.
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