10 October 2023
10 October 2023
The latest data from the US Office of Textiles and Apparel has revealed in August Bangladesh experienced the most significant decline in its apparel exports to the US with a far greater drop than either China or Vietnam.
Calls persist for an increase in the minimum wage for Bangladesh readymade garment workers which are said to be “the lowest in South Asia” but industry trade bodies warn that wage hikes may create an unsustainable industry.
A new report from GlobalData suggests UK retail growth in 2023 will not match last year’s 6.2% increase as consumers shop more cautiously, however clothing and footwear is set to be the fastest growing category within the non-food sector.
Africa industrial park developer and operator, Arise IIP, has acquired a 17.6% stake in French traceability software firm, Crystalchain, to tackle climate change concerns and enhance transparency within the region's supply chain.
Fibre52’s cotton Prepare for Dye (PFD) and dye biochemistries have been certified by Zero Discharge of Hazardous Chemicals (ZDHC) and are now on the ZDHC list of approved chemistries.
Global non-profit, the Sustainable Apparel Coalition's (SAC) Annual Meeting for 2023 highlighted the industry's objectives, such as forming partnerships to achieve common goals, systematic decarbonisation, responsible purchasing practices and improving the Higg Product Tools.
India-based textile manufacturer, Arvind has joined hands with the Circulose Supplier Network the brainchild of Swedish textile recycling company Renewcell, to drive eco-conscious products in India’s textile market.
Artificial Intelligence (AI) software company Smartex has introduced Smartex Fact, an “all-in-one digital factory management” solution for manufacturers to manage their facilities and gain real-time visibility into production processes remotely.
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Per GlobalData estimates, food and drink, clothing and footwear, and accommodation were the top three sectors by global ecommerce transactions in 2022. Clothing and footwear accounted for 11% of ecommerce transactions in 2022. While consumers may wish to try on clothing and footwear items to ensure a good fit, enhanced technology that offers sizing recommendations and hassle-free returns services has made them more comfortable shopping for these goods online, accounting for the sector’s high share of transactions.
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