Trade & Sourcing – Page 2
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ArticleExperts share their retail insights and predictions for 2023 at ISPO
ISPO Munich 2022 provided plenty of expert insights into the state of retail as well as predictions for 2023. We summarize the key points.
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ArticleTextile waste handling: the invisible part of global circular supply chains
It’s no secret that waste represents a huge problem in the apparel industry, but what if we think of this instead as an untapped resource?
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ArticleNext Textile conference (Oct. 26) focusing on “Re: Source as A Resource”
The theme of this year’s NEXT TEXTILE conference will focus on Re: Source as A Resource, as the need to rethink has never been more significant. But, conversely, opportunities through innovations have never been greater. The event will take place at Sweden Fashion Textile Center in Borås, ...
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ArticleStrong start of the Functional Fabric Fair in New York
Functional Fabric Fair New York – powered by Performance Days® is a trade-exclusive event showcasing the latest trends in fabric development for the functional textile industry and provides a suitable marketplace in the U.S. for sourcing high-performance functional fabrics and accessories. On July 19-20, for the first time in three ...
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ArticleSri Lanka apparel forum sees apparel sector unaffected by political turmoil
In the face of the current political development in Sri Lanka, the country’s Joint Apparel Association Forum (JAAF) has called on all party leaders to urgently clear the way for an all-party government with elections as soon as possible to restore stability and rebuild confidence in the country - locally ...
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ArticleCoats acquires Texon
Coats Group, a U.K.-based manufacturer of industrial yarns, has reached a definitive agreement to acquire Texon, a supplier of components and materials for footwear, accessories and apparel for Nike, Adidas and other brands, for an enterprise value of $237 million and a total cash value of $211 million after deductions ...
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ArticleOpinion: Fighting the good fight
In the last 30 years, Sri Lanka has lived through a debilitating civil war, a tsunami, the Easter Sunday bomb attacks and the two-year-long pandemic. As a nation, we have battled through them all, emerging bruised but not broken. We are resilient, and yet again, we will overcome the current ...
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ArticleClosed paper mill in Finnish Lapland becomes Infinited Fibers' new factory
After talking earlier this year of plans (as reported by our sister publication, The Outdoor Industry Compass) to invest some €220 million in a new regenerated textile fiber factory – though no site had reportedly been found at the time – fashion and textile technology company Infinited Fiber Company now ...
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ArticleANWR Group to add 2,500sqm to Mainhausen order center for new showrooms
ANWR Group announced plans to add a new building to its existing Ordercenter O1 on the Mainhausen Campus in Germany. Following the building permit submission, the symbolic groundbreaking ceremony is scheduled for October 2022, with completion planned for December 2023. Showrooms ranging in size from 100 to 500 square meters ...
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ArticleIndian apparel sector expects boost thanks to trade agreement with Australia
The India-Australia Free Trade Agreement, officially called the Australia-India Economic Cooperation and Trade Agreement (AIECTA), is the first trade agreement India has signed with a developed economy in more than a decade. Negotiations began in 2011 but were suspended in 2015 as talks stalled over issues such as market access ...
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ArticleChina’s worst Covid outbreak since Wuhan is the next threat to the supply chain
Even before the initial problems caused by the pandemic could be solved, the war in Ukraine created new ones. And now, despite all precautions, the Omicron BA mutant of Covid-19 is spreading rapidly in China. The epicenter of infection was the northeastern province of Jilin, on the border with North ...
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ArticleThe Climate Pledge announces nearly 100 new signatories
Amazon and Global Optimism announced that more than 300 companies have now signed The Climate Pledge, an increase in signatories of nearly 600 percent over the past year. The nearly 100 new signatories include the world’s largest container shipping company Maersk, leading enterprise software developer SAP, North American lumber company ...
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ArticleRussian footwear market faces a crisis
The Russian market is braced for major turbulence after dozens of footwear brands pulled out of the country following the Russian invasion of Ukraine and the subsequent introduction of international sanctions. Adidas, Nike and Puma have joined the long list of international brands that have quit the country’s market, along ...
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ArticleSri Lanka’s apparel exports in January set 5-year record
Sri Lanka’s January 2022 apparel exports reached the highest level for that month in the last five years. This performance demonstrates the underlying strength of the industry, which has recovered from ongoing shocks from the impact of the pandemic over the past two years. Sri Lanka’s garment export revenue increased ...
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Article
Lockdowns affect Shenzhou’s sport apparel production
Shenzhou International, a major Chinese sports apparel manufacturer that works for Nike, Adidas and other brands, announced that all its factories in the Beilun district of Ningbo City have resumed production after temporary Covid lockdowns were lifted by local authorities. However, the factory closures in the region and others have ...
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ArticleOn sees supply chain shortages ending after H1
Suppliers in Vietnam returned to full capacity in December, and various manufacturing partners are shortening the traditional Chinese New Year shutdown to help catch up with the backlog of orders, said On Running, participating for the first time in a round table discussion in the framework of the traditional ICR ...
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Extended Covid Restrictions in Vietnam are hitting companies hard
Nike and other companies are expected to suffer considerable damage from a decision by Vietnamese authorities to extend their strict Covid-19 restrictions in the Ho Chi Minh City region until the end of the month. They were originally scheduled to be lifted on Sept. 15, but the measures taken so ...
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ArticleEarly end to industry lockdown in Bangladesh, new concerns over floods and China
We have started to hear reports of “panic buying” by various apparel companies that are sourcing finished products and materials such as elastane from Chinese suppliers as the new delta variant of the Covid-19 epidemic has started to cause some localized factory shutdowns in Beijing and at least four other ...
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Bangladesh imposes a two-week lockdown
The Delta variant of Covid-19 has led the government of Bangladesh to impose a nationwide lockdown on the country’s textile and apparel industry, which is the world’s second-largest exporter of these products after China, starting on July 23. It will come on the heels of the Muslim Eid al-Adha holidays, ...
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ArticleCovid outbreak closes major factories in Vietnam
A sudden and violent outbreak of the Covid-19 epidemic in Ho Chi Minh City (HCMC) and its environs is expected to delay shipments of sports shoes and apparel and may result in a loss orders for local manufacturers, according to the local NV Express, which cited the shutdown of 29 ...
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