Vietnam has faced a 14.5 percent decline year-on-year to over $10 billion in textile and apparel export in the first 5 months of the year, country’s General Office said this on 2ndJune. However Vietnam targets 5 percent annual GDP growth in 2020.Figure: Vietnam apparel export decline by 14.5 percent. File PhotoUnited States, the European Union, Japan, South Korea and China are among its largest market. In first two months of the year Vietnam’s export of garments and textile products reached $5.3

IntroductionFashion is one of the key industries that is currently being redefined by digital disruption. This phase of digital disruption has not been good news for traditional players in the industry.Traditional fashion companies and brands have been slow to adapt to this new shift and are feeling the heat. This change is to react to the shift from offline to online sales, which innovative digital technologies accelerated.Figure 1: The impact of this disruption can be seen everywhere in the fa

LONDON – The Ethical Trading Initiative (ETI) and FairWear have published joint guidance for brands on how to conduct their supplier relationships during the COVID-19 pandemic.The COVID-19: Loss of Jobs and Wages Series is based on four webinars which lay out guidance to member brands on upholding their responsibilities to workers in supply chains during the pandemic.ETI and Fair Wear have also published a handbook, consolidating learning from the webinars, which covers situations such as where

FESPA Global Print Expo will no longer take place in Madrid in October 2020, due to the continued public health risks and business disruption caused by the global COVID-19 pandemic. FESPA will now host its next flagship international event at the RAI Exhibition Centre in Amsterdam, The Netherlands, from 9-12 March 2021, again co-locating FESPA Global Print Expo, European Sign Expo and Sportswear Pro.© FESPA.FESPA CEO Neil Felton explains: “In March 2020 we took the decision to delay FESPA Global

After the EU Council adopted a decision on the conclusion of a free trade agreement (FTA) between the EU and Vietnam, almost complete (99%) elimination of customs duties between the two blocks will come into force.Figure: The FTA will also lessen many of the current non-tariff barriers to trade with Vietnam.The FTA will also lessen many of the current non-tariff barriers to trade with Vietnam and open up Vietnamese services and public procurement markets to European Union companies.This new gate

USA apparel import under The Central America-Dominican Republic Free Trade Agreement (CAFTA-DR) has gone down by 35.72 per cent in values and 38.21 per cent in volumes during Jan.-May ’20 period.The 6-nation bloc which includes Guatemala, El Salvador, Honduras, Costa Rica, Nicaragua and Dominican Republic shipped 739.11 million SME garments to USA worth US $ 2,170.04 million.Honduras, the top exporter of apparels to USA from the Central American region, fell 42.57 per cent to ship US $ 610.28 mi

24,000 jobs gone in 6 months in the UK’s high street! And if industry experts are to be believed, this is just the tip of an iceberg.Image Courtesy: walesonline.co.ukIt was expected considering several British fashion bigwigs have collapsed into administration especially after the pandemic onslaught since March this year.But numbers as big as 24,000 is indeed shocking.The numbers were confirmed by Centre for Retail Research or CRR.To add to these numbers, CRR stated that another 31,628 retail jo

Himatsingka Seide Limited, a India-based manufacturer, retailer and distributor of home textiles, has reported decrease in its total income to ₹24,196 million in fiscal 2020 ended on March 31, 2020, compared to income of ₹26,542 million in previous year. Group’s profit for the year fell from ₹1,968 million in FY19 to ₹132 million in the reported fiscal.Profit before tax (PBT) during FY20 slipped to ₹851 million (₹3,080 million).The performance of the group in the fourth quarter (Q4) FY20 decline

Productivity and efficiency are the heart cores of the apparel industry in the sense of business growth and sustainable position in this era of a competitive market. At the beginning of the apparel industry revolution in Bangladesh, productivity percentage was really flexible and relaxed.Figure 1: Lack of productivity and efficiency are the main barriers of the Bangladesh RMG.Business owners did not focus on workers’ efficiency and labor productivity as labor cost was very low and the Cost of Ma

DERRY - A new study on Uzbekistan's controversial cotton industry says the country still faces significant challenges if it is to achieve the international benchmarks expected by consumers and brands.Uzbekistan abolished the state-ordered quota system for cotton crops, ending a decades-old arrangement that encouraged forced labour in the industry, earlier this year and hopes international boycotts will soon be lifted.However, thenew report by Ulster University and the Uzbek Forum for Human R