Top stories this week on just-style were dominated by the ongoing fallout from the Ever Given blockage of the Suez Canal – especially concerns about delays and container shortages impacting European garment supply chains. We also took a look at the consequences of delivery delays on contracts. Elsewhere, garment workers agreed minimum terms that would improve fashion brands’ purchasing practices, and Li & Fung launched a new company to invest and operate digital ventures focused on driving sustainable consumption.
Suez Canal crisis will lead to lingering logistics disruption
The European garment sector is increasingly concerned about how the six-day stranding of the 400-metre-long Ever Given cargo ship in the Suez Canal will affect its supply chain. It has also been assessing the lessons for future contingency plans regarding such cargo transport pinch-points.
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The Ever Given and the consequences for contracts
It is a given that timely delivery of goods is important for the performance of many contracts. But how often do contracting parties ever give enough thought to the consequences of delivery being delayed? This question is pertinent for many contracts – not least, agency and distributorship contracts – following the Ever Given blockage of the Suez Canal.
Global garment makers unite on commercial compliance
Garment makers representing close to 70% of global apparel exports have agreed minimum terms they hope will raise the bar on the purchasing practices of fashion brands and retailers.
Li & Fung launches LFX digital incubator offshoot
Sourcing giant Li & Fung is building on its supply chain knowledge to launch a new and separate company called LFX, which will incubate, invest, and operate digital ventures focused on driving sustainable consumption.
Bangladesh aims to consolidate industry approach to sustainability
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has partnered with the United Nations Development Programme (UNDP) to launch a garment sector sustainability report that aims to consolidate the industry’s approach to sustainability reporting.
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By GlobalData
