The whole world is now badly infected by the COVID-19 pandemic. In addition to the COVID-19 related health and safety issues, there is a need to discuss possible measures for liquidity in the economy and financial sector. COVID-19 can certainly cause a global recession, and in the worst-case scenario, it could even take the form of a great depression. Like many other economies, Bangladesh’s economy is likely to be badly damaged. According to economists, Bangladesh’s GDP could shrink by 2-3 perce

The Garment Manufacturers Association in Cambodia (GMAC), the Cambodia Footwear Association (CFA), and the European Chamber of Commerce in Cambodia (EuroCham), have sent a joint reply to the European Parliament again appealing to postpone the August 16, 2020 scheduled partial withdrawal of Cambodia's Everything But Arms (EBA) trade preferences.The three associations' joint response is to a letter issued by the Chair of the European Parliament’s International Trade Committee, Bernd Lange,

Rudolf Group has introduced an antimicrobial coating for textile applications with antibacterial and antiviral properties. With COVID-19 causing an increase in demand for products with antimicrobial properties, Rudolf invested in adding antiviral feature to one of its leading technologies. This resulted in a new antibacterial and antiviral textile finishing.As a consequence of COVID-19 global pandemic the demand for chemical auxiliaries with antimicrobial effect has boomed. Rudolf Group invested

Thehas launched its 2019 annual report. In the report, BCI shares that Better Cotton, cotton produced by licensed BCI farmers in line with the initiative’s Better Cotton principles and criteria, now accounts for 22 per cent of global cotton production. BCI is one of the largest cotton sustainability programme in the world.Pic: ShutterstockIn the 2018-19 cotton season, together with expert on-the-ground implementing partners and with support from more than 1,800 members,to 2.3 million cotton farm

have reported another steep drop in sales in this year till June, but stronger growth for grocers and stable volumes in the specialist food and drink sector ensured a slower pace of decline than in May, according to themonthly Distributive Trades Survey, conducted between 27 May and 12 June.Pic: ShutterstockThe survey revealed that retailers expect sales volumes to fall at a slightly faster pace in the year to July, mostly reflecting slower growth for grocers and a decline in sales for specialis

BANBURY - A new report from UK waste recycling charity WRAP claims to demonstrate potential mass market appeal for circular business models in the fashion industry such as rental and reuse.However, it adds that consumer interest in these new business models for the fashion industry appears to be stronger in the US, India and Italy than it is in the UK and Northern Europe.UK waste recycling charity WRAP is behind the new report, entitled ‘Changing our clothes: Why the clothing sector should adopt

The ongoing life-threatening coronavirus has already caused massive loss of life and economic damage throughout the globe, and Bangladesh has no exception with over 112,306 confirmed cases and over 1,464 deaths. Needless to say that, in the time of the pandemic, the private sector has been severely impacted.Figure 1: COVID-19 opened up the grim picture of the global apparel fashion industry.Coronavirus has brought unprecedented disaster to Bangladesh’s readymade garment (RMG) industry. This blow

Browzwear, a 3D technology solution provider, has announced the launch of a ‘Headless’ End-to-End Apparel Automation Engine for the apparel manufacturers.Image Courtesy: seir.im/browzwearThe technology will empower the organisations to integrate Browzwear’s 3D garment creation engine capabilities to the existing front-end processes therefore supporting scale throughout the entire apparel production flow.The concept of Headless software makes the solution capable of working on any device without

China has been saving grace for Nike despite its fourth quarter being a disappointment!Image Courtesy: highsnobiety.comSales in China last year jumped by 11 per cent for Nike – yet again bringing a double digit sales growth for the American sports retailer in China. That’s impressive!What makes it more impressive is that all this has happened despite the pandemic havoc and extended lockdowns being a part of fourth quarter.There were definitely some initial hiccups but now almost every Nike store

BANBURY - British households are poised to dispose of 67 million items of clothing once lockdown has been lifted, according to UK waste recycling charity WRAP.A new survey by WRAP suggests that two in five Brits (41 per cent) had a clothing clear-out during lockdown and most are storing items to donate to charities.The organisation has published its findings to help the charitable sector, local authorities and recyclers prepare for the expected influx of textiles.Source:Eco Textile