“We are absolutely ecstatic on having been chosen as the preferred travel choice by BCCI for World Cup 2019,” says Tabby Bhatia, Founder, Brune. The premium leather and accessories brand was recently chosen as the supplier of a customised travelling kit comprising bags and shoes for entire Indian team for World Cup 2019. “This partnership has given our brand a new dimension and further validated our bespoke services in the best possible way, ” he adds.

The entire range comprises of 110 bags in the trendiest ‘yellow shade. Each of these bags has been designed to complement the dapper ‘cricketer’ look and the sassy persona of the cricketers. Also, Brune’s uber stylish classy formal yellow tan shoes will be sported by the entire team at the official dinner and ambassador meet in Wales.

Setting new benchmarks

Voganow.com, the most vibrant online store has two brands under it: Brune and Bareskin. Brune, established in 2015, offers a wide variety of formal shoes ranging from brogues, oxfords, tassels to monk strap and varied choices in bags ranging from duffle, trolley, backpacks, messenger to a laptop briefcase.

The brand is setting new benchmarks by customising name initials and hand finishing. In this short span, the brand has carved a niche and is gaining wide popularity among celebrities. The brand has also customised an entire travelling range for the maverick youth icon and cricketer Virat Kohli with his name initials and hand painted moccasins for endearing persona from cricket industry, Yuvraj Singh, Harbhajan Singh for their wedding outfits.

VF Corp plans to divert more investment toward Asia, with a specific focus on China. China is the company’s fastest growing market. VF Corp’s China revenue jumped by an annual 22 per cent in the year ending March 30, compared with 11 per cent growth for the Asia-Pacific region overall. The company has unveiled a new Asia-Pacific head office on the doorstep of mainland China, where an ecosystem of long-term suppliers and manufacturers enables it to produce some of its high-quality outdoor gear. VF Corp has a network of supply chain partners throughout the Asia-Pacific region, with a significant presence in Vietnam, Cambodia, India, Bangladesh.

VF Corp owns popular brands like The North Face, Vans, and Timberland. Though there is significant room for the growth of VF Corp’s brands in China the amount will depend in part on designing products tailored for the market. The growth in China revenue, and the opportunity to meet Chinese demand with products made domestically, is one reason why VF Corp has no plans to alter its supply chain or manufacturing partnerships in response to the trade war. That is despite the threat of US tariffs on a broad range of consumer goods including those that make up the bread-and-butter of VF Corp’s brands.

American companies rely on China for some portion of their manufacturing. The new tariffs could force them to change where and how they make their products. It means costs could jump, and those higher costs could get passed on to consumers. But increasing prices would lead to a drop in sales, so they are focused on preserving margins. There have been a number of duty adjustments but this is the first time it’s affecting apparel in a major way. In the past, it was focused on other products and materials. Brands that are built on the idea of selling luxury apparel at low and transparent markup prices are bracing for tariffs on the garments they make in China.

Clothing companies already face varying customs duties, based on fabrics and garment type, when they bring goods into the United States. The impact of the tariffs on retailers will depend a lot on how reliant they are on Chinese manufacturers. It may end up benefiting extra low-priced retailers, which have already moved away from the country to cheaper nations in recent years. The US has threatened to impose new tariffs on nearly everything that comes to the United States from China.

For the first quarter the United States’ apparel imports surged 6.06 per cent as compared to the same period of the prior year. Bangladesh’s apparel exports to the US grew 16.12 per cent. Vietnam’s exports grew 13.55 per cent. In terms of volume, Vietnam’s apparel exports to the US jumped 12.75 per cent while Bangladesh’s escalated by 11.85 per cent.

Among the top 10 apparel exporting destinations, Bangladesh registered the highest percentage-wise growth though in value-wise earning from exports, the country stood at third rank in the tally. Indonesia’s apparel exports to the US jumped 5.76 per cent. Indonesia which had continuously been falling for months experienced growth this time. India’s jumped 12.07 per cent. India compressed the gap with Indonesia and India is expected to bridge this gap in the next two months. China’s export volume to the US jumped 0.85 per cent while the export value plunged 0.70 per cent. China slashed its price margins to tap more orders from the US and sustain for a longer term amid the ongoing trade war scenario.

In 2018 US textile and clothing imports rose in value terms to their second highest level on record and in volume terms to a record high.

Quite a few countries are benefiting from the ongoing trade war between the United States and China. However, it’s Vietnam that is expected to benefit the most, followed by Taiwan and Chile. Besides these three, Malaysia, Argentina, Hong Kong, Mexico, Korea, Singapore and Brazil are the other countries among the top beneficiaries. Vietnam will gain 7.9 per cent of GDP from trade diversion, followed by Taiwan (2.1 per cent of GDP), Chile (1.5 per cent), Malaysia (1.3 per cent) and Argentina (1.2 per cent).

US import substitution has benefitted Vietnam, Taiwan and Korea in electronic products; Malaysia in semiconductors; and Korea and Mexico in motor vehicle parts. China’s import substitution has led to beneficiaries in copper (Chile), soybeans (Argentina, Brazil, Chile and Canada); gold (Singapore, Hong Kong and South Africa); natural gas (Malaysia, Australia); and aircraft (France and Germany).

A major risk for the US is the likely impact on the electronic products it sources from China. For India, the benefit is pegged at 0.2 per cent of 2019 GDP. Petrol, bitumen mineral, articles of cement, concrete or stone, parts and accessories from motor vehicles, taps, valves, pipe tanks carpets and other textile floor coverings are some of the products where India stands to gain.

The global textile market is growing at six per cent. The abundance of natural fibers, especially cotton in the US, China and India, is contributing significantly to the growth of the global textile market. Natural fibers include those obtained from plants and animals, like cotton, silk, linen, wool, hemp, jute and cashmere. These fibers are widely used to manufacture apparel, construction materials, medical dressings and automobile interiors. Silk is used in upholstery and apparel, and is available in fine and coarse varieties. Wool and jute are used as textiles for their resilience, elasticity and softness.

Cotton is the most widely used raw material in the global textile industry owing to its excellent durability. Polyester’s market share will grow further thanks to properties such as high strength and shrink resistance. Innovations in the textile industry will also have a positive impact on the market and contribute to its growth. For example, several companies are launching heating technology to keep clothes warm during winter through infrared heat absorption. Another impactful innovation is the development of jeans made from post-consumer cotton waste. The growing demand for textiles in developing economies and capacity expansions by vendors in the textile industry are other major aspects that are expected to boost the growth of the global textile market.

The Central government and the Goods and Services Tax (GST) Council, will meet later this month to address the distress in India’s export sector on account of the US withdrawing preferential trade terms, and an ongoing global slowdown by tweaking the GST rate on products that figure heavily in India’s export basket. There is a strong demand for reducing GST on auto parts and some textile goods, which the Central government is likely to support. It will also be pitching for a single authority to process GST refunds.

While some auto parts are currently taxed at 18 per cent, others are taxed at 28 per cent. The Automobile Component Manufacturers Association has been demanding that all auto parts be uniformly taxed at 18 per cent for some time. The auto-components industry accounts for 2.3 per cent of India’s Gross Domestic Product (GDP) and employs as many as 1.5 million people directly and indirectly each. There is also a move to reduce GST on some textile product lines which are now taxed at 18 per cent to 12 per cent, as well as on finishing agents such as dyes, etc., used by the textile industry in order to help the sector which earned about $38 billion in 2018.

The centre may also make a case before the Council for the need to bring in at least some petroleum products into the GST ambit.

For the first quarter G-III net sales increased 3.6 per cent from the same period last year. Net income for the quarter rose 21.2 per cent. Gross profit ticked up 0.6 per cent in the period while operating profit was up 10.7 per cent. G-III generated around 86 per cent of its fiscal 2019 revenue in the US and sourced around 61.5 per cent from China.

G-III offers apparel and accessories under brands that include DKNY, Donna Karan, Vilebrequin, G. H. Bass, Andrew Marc, Marc New York, Eliza J and Jessica Howard. It also has fashion licenses under Calvin Klein, Tommy Hilfiger, Karl Lagerfeld Paris, Kenneth Cole, Cole Haan, Guess, Vince Camuto, Levi’s and Dockers.

The company has been seeking to diversify its sourcing network by arranging to move some production out of China and has also succeeded in obtaining price concessions from its Chinese vendors. In addition, it has obtained price increases from some of its customers in the US. G-III estimates that the incremental 15 per cent increase in tariffs for the remainder of fiscal 2020 will increase its cost by approximately six million dollars. However, the company has not factored any future increases in tariffs on additional goods imported from China into the US in its fiscal 2020 guidance.

A joint Sino-Dutch project has been launched in the Yangtze River Delta. ‘Sustainable Textiles’ aim is to achieve more sustainability within the supply chain and take the first steps towards a fully circular production cycle. The project supports Dutch fashion brands committed to making their supply chain more sustainable. The project specifically aims at improving the sustainability of dyeing and printing enterprises in the Yangtze River Delta region. The Dutch environmental consulting agency Arcadis is, with support from the Netherlands Consulate General in Shanghai, managing the project for the ten involved companies.

With three modules, the project aims to help participating printing and dyeing enterprises reduce their environmental footprint and control occupational safety and health risks. The environmental pollution control module discusses the green supply chain. Topics include chemical management, waste gas treatment, waste disposal and land pollution control. Also, solutions to re-use waste water are introduced. The energy consumption module discusses solutions for printing and dyeing enterprises to reduce energy consumption, use of chemicals and water resources. The occupational safety and health module aims at creating a safe and healthy working environment. It includes on-site hazard assessment and guidance for enterprises.

Producing a cotton shirt requires about 2700 liters of water, which equals a two year drinking supply for an average person. Besides use of resources, it’s also about the waste being produced. When not handled safely, chemicals in this process can cause serious pollution and affect aquatic plants and algae or crops and soils.

Over half of consumers in the UK and US want the fashion industry to become more sustainable. Consumers want fashion companies to reduce the amount of packaging, provide fair pay and good working conditions, use renewable and recyclable materials, make clothes that are designed to last longer and use fewer resources e.g. power, water, materials. Consumers in favor of greater sustainability also want retailers to clearly label clothes that are made in sustainable ways, offer discounts on clothing ranges that are more sustainable, do more to advertise and promote clothing that is made in sustainable ways, allow online shoppers to trade-in their used clothes for discounts on new items and automatically show people more sustainable alternatives to the items they are viewing online.

But only 29 per cent consumers are willing to pay more for sustainably-made versions of the same items. Despite many clothing manufacturers and retailers already taking steps to become more sustainable, the message is not getting through to the public. Of those that want a more sustainable fashion industry, 57 per cent say they try to keep clothes for longer because it’s better for the environment – among women this rises to 60 per cent, while it’s 52 per cent for men.