Blog: Leonie BarrieBuilding an interconnected global trade network

Leonie Barrie | 16 November 2020

Banking giant HSBC is focusing on the apparel industry with a new digital B2B platform that enables retailers and brands, manufacturers and suppliers to build trusted relationships, exchange data, and tap into new technologies. CEO Vivek Ramachandran has spoken with just-style about his ambitious vision for the interconnected global trade network.

Sri Lanka's plans to kickstart the post Covid-19 recovery of its critically important clothing sector have been sidelined by a deadly second wave of infections

Retailers Aldi Nord, Aldi Sud and Lidl have pledged not to ask factories for price reductions or discounts on comparable items with last season, in an attempt to protect supply chain workers from the fallout of the Covid-19 pandemic.

The UK's Generalised Scheme of Preferences (GSP) will take effect from 1 January 2021 following the end of the Brexit transition period, covering the same countries currently eligible for trade benefits under the EU's GSP.

Concerns are being voiced over the rising volume of fakes entering the United States as increasing numbers of consumers turn to e-commerce.

And online clothing sales growth in the UK rose again in October, with the final week of the month seeing sales surge by more than 17% on last year in anticipation of new lockdown measures.

Swedish recycling specialist Sysav Group has launched what it claims is the world's first automated sorting plant for post-consumer textiles on an industrial scale.

A Royal College of Art-led consortium has been awarded GBP5.4m (US$7.1m) to establish a Textiles Circularity Centre (TCC) that will explore methods to turn post-consumer textiles into renewable feedstocks and develop new supply chains.

A progress report on global efforts to prevent plastic pollution has praised clothing retailers for their efforts so far to reduce plastic packaging, but says more work still needs to be done.

While research has found that too many plastic hangers are being used by the UK clothing industry, with widespread disregard for hanger toxicity and a lack of solutions to combat it.

And a new database is in the pipeline to help brands, retailers and suppliers to better understand the microfibre material loss from different fibres, yarns and fabric constructions.

Meanwhile, in other news, VF Corp is to buy streetwear brand Supreme; JCPenney is on track to exit Chapter 11; Edinburgh Woollen Mill has fallen into administration; and Avery Dennison “intelligent” labels can assign unique data to garments.

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