The currency crisis in Egypt has hit the Indian textile industry. Roughly a 100 containers have been returned since Egyptian importers are unable to make payments. Containers of cotton yarn and fabrics from Gujarat and South India are coming back. Some exporters have stock at discounted rates and on credit.

In addition to the shortage of dollars, a reduction in yarn and fabric prices is also a reason for the situation.Egypt is passing through a tough currency crisis and has decided to allow only exporters to trade in dollars and importers are not given dollars for payments.

Many exporters work with dependable purchasers, and instead of returning the containers, they choose to sell the cargo with a protracted credit period.Further the situation these days is companies are able to find a buyer for a product at 30 per cent discounted price, and they have a stock of about 15 containers of products specially made in the Egyptian market, but now the buyers are demanding a 50 per cent discount. Basically, the business has been harmed by large price swings, and sluggish demand in Europe has resulted in low dollar income for many economies that are dominated by the textile industry.

With global awareness of environmentally-friendly products after the pandemic, there has been a jump in sustainable denim labels that are attempting to reduce the carbon footprint that the denim manufacturing industry entails.

Keeping in mind that denim accounts for over 5% of landfill waste and around 2,900 liters of water and a huge volume of harsh chemicals and energy is required to manufacture just a single pair of jeans, the leaders of the global apparel supply chain are now working cohesively towards sustainability and recycling.

Restricted water and chemical use in manufacture

The global fashion industry is accountable for almost 10% of global GHG emissions, of which upstream production is responsible for 71% of fashion’s total GHG emissions with around 23% from usage, and end-of-use and brand operations account for around 6%, which points out to a great need for collective change.

Brands are now focusing on doing research and development on denim recycling, encouraging customers to exchange their old jeans for new and manufacturing more compostable jeans without using polyester threads and metal trims made of metal. Retail brands and designers are bending over backwards to incorporate everything from dead-stock fabrics to coffee beans and use less water and energy while the government of different countries are also regulating waste and environmental damage.

However, as it is said truly sustainable denim brand is not possible and it is greenwashing, as the denim industry can never be totally environmentally friendly as there will always be some chemicals involved to make the fabric what it is. With denim being a wardrobe staple, most top brands are now focusing on a circular economy for denim with recycling being the main focus.

Brands focus on sustainability issues differently

Some retailers like H&M are raising customer awareness through their take-back and recycling programs, where old is exchanged for new or given to charity. Other brands are moving from traditional manufacturing of the flat, linear model where the end-product is sold and eventually discarded.

Austria-based Lenzing Group has for many years manufactured wood-based viscose fibers, modal fibers, lyocell fibers and filament yarn, which are used in the textile industry. Currently the company is using Tencel modal fiber with Indigo technology which directly inserts indigo pigment during the fiber production process, so almost eliminating all the water and electricity use as well as 80% of chemicals. This process releases very little wastewater as compared to the conventional powder indigo dyeing technique.

Jeanologia, a Spanish manufacturer of manufacturing equipment for the textile sector, has introduced the G2 Dynamic which uses ozone technology for continuous fabric finishing which actually turns the surrounding air into ozone and then uses it to create color degradation effects.

Archroma, a global and diversified provider of specialty chemicals serving the branded and performance textiles, has now developed a product portfolio of liquid dyes in denim manufacture such as Denisol Indigo 30 Li, a cradle-to-cradle certified dye that generates approximately 50% less wastewater, is aniline-free, and uses fewer operational resources.

New-age customers need to know about the jeans they wear

With the new-age customers who focus on wellness and healthy lifestyle, the need to know about the environmental impact associated with the manufacturing process of their everyday denim wear is at an all-time high. With the global denim market having seen persistent growth even in the pandemic times and expected to reach $107 billion by 2023, most retail brands are jumping into this environmentally friendly bandwagon make use of the favorable situation while it lasts.

Ciel Textile, based in Mauritius, is a supplier to fashion labels including Ralph Lauren, Levi Strauss and Marks & Spencer. The company produces about 20 million shirts a year.

Rising demand is being fuelled by a return to offices in financial centers such as New York and London. Employees are refreshing their formal wardrobes. Ciel Textile’s revenue surged 48 per cent in the year through June while profits advanced 19 per cent. The manufacturer is taking a cautious approach to short-term forecasts, though, due to the high probability of a global recession.

After starting in Mauritius 50 years ago and growing into the country’s biggest textile producer, the company invested in new factories in Madagascar, Bangladesh and India.

India is the firm’s main production center with seven factories and 9,000 employees, helping to position Ciel Textile as a global supplier. The group also makes fabrics and knitwear.

Mauritius is a country which can boast of having one of the best infrastructures in Africa. The textile and clothing industry of Mauritius is into knitwear, children’s wear, trousers etc. But knitwear is where it excels in and enjoys international prowess. Mauritius has quite a few vertically integrated units. The country is developing the capability and capacity to cater to the needs of global buyers.

Indonesia’s textile exports are facing challenges. A wave of layoffs is threatening the textile and textile product industry in the country.

The lay offs began in the garment industry then spread to fabrics upstream. Cancelled orders from buyers in the US and the European Union have made things worse. Moreover countries that have cold winters will usually prioritize energy spending. With energy costs soaring up to four times, this would add to the challenges for Indonesia’s textile exports.

Around 70 per cent of Indonesia’s exports are to the US and the EU. The rest is to Japan, Turkey, Africa and China. Conditions in these countries are also not too good. Starting from the garment industry to fabrics, even the fiber industry has started to decrease production. The industry in Indonesia wants action against imports that come in without paying taxes. This way, the textile industry in the country hopes to freely cater to domestic consumption even though exports are disrupted.

Indonesia’s earnings from exports of leather, finished leather goods, and footwear increased by 41 per cent in June 2022 compared to the same period in the previous year. There has been a diversion of orders from several global brands to Indonesia.

Bangladesh’s exports of home textiles in the first quarter of the current fiscal year increased by 26 per cent over the same period of last year. Even in the first quarter of the current financial year, when overall export earnings showed a falling trend amid the raging war and unprecedented inflation in the West, home textiles maintained their growth momentum.

After readymade garments, the home textile industry is the second-largest export earner of the country. The home textile sector is one of the first-line export sectors in Bangladesh with the ability to produce bulk products.The home textile export basket of the country includes bed linen, bed sheet and other bedroom textiles, bath linen, carpets and rugs, blankets, kitchen linen, curtains, cushions, cushion cover, and covers for quilts.

Bangladesh entered the market of home textiles in the 1980s and has invested in research, quality products, innovation and the latest technology. However, despite all the positives, Bangladesh’s share in the global home textile export market is only seven per cent. It faces competition from China, India, Pakistan and Turkey. Moreover, although Bangladesh has immense prospects in home textiles, the country is still lagging behind in ensuring fair prices.

The global home textile trade is growing at a compound annual growth rate of three per cent.

Vegan Fashion Week is being held in the US, October 10 to 12, 2022. Vegan Fashion Week has been a leader in the fashion industry by bringing together both emerging and established designers to showcase innovations in animal-free fashion.

Vegan Fashion Week is a celebration of the innovation, sophistication and joy behind contemporary vegan fashion. Vegan fashion has taken a step into the creativity and playfulness otherwise reserved for mainstream fashion.The first-ever Vegan Fashion Week event was held in February 2019.

Brands and designers are pushing fashion forward with everything from leather made from food waste to down made from flowers. Animal-derived materials like leather, wool, fur, feathers, and exotic skins are all major contributors to the climate catastrophe. Cow leather has nearly ten times the negative environmental impact of non-animal leathers. Sheep dip—the toxic liquid used in the wool industry to rid sheep of parasites—contaminates waterways, damaging ecosystems and killing wildlife.There was a time when vegan fashion was an oxymoron. Fashion week was a place where dead-animal skins were paraded and showed off, celebrated and revered. Today, brands and designers no longer use fur. Over 300 brands all over the world have refused to use mohair and angora in their collections.

Trident’s production of bath linen slipped 33 per cent in September 2022 as compared to September 2021. Production of bed linen slumped 50 per cent. Production of yarn tumbled 45 per cent. Production of paper declined ten per cent.

In the first quarter the company's consolidated net profit declined 37 per cent despite a 13 per cent rise in net sales.

Trident is a vertically integrated textile (yarn, bath and bed linen) and paper (wheat straw-based) manufacturer and is one of the largest players in the home textile space in India.

Trident is launching several new categories of product in bed and bath. One is Grace, which marks the company’s entry into the prewashed sheets category. Earth Lover is a special range of sustainably made towels, and Trident Specials is an assortment of towels offering both utility and eye-catching designs.

Trident has also made additions to its Jiva health and wellness collection, which consists of microbe-resistant products with lifetime odor free attributes. In addition, the company has temperature-regulating sheets and a bath assortment featuring its patented Air Rich technology, which helps create towels that stay soft wash after wash.The three keys for Trident’s product introductions are utility, comfort and sustainability.

Denim fabric exports from India fell by 13 per cent from April 2022 to August 2022 compared to the same period in the last fiscal year.

The de-growth can be attributed to lower orders denim manufacturing companies are receiving amid rising inflation in western countries as well as due to piled-up inventories in retail stores.

Out of the total denim exports, cotton denim fabric exports were down 15 per cent whereas exports of poly-cotton denim fabrics were down 11 per cent. Bangladesh, the top export destination for Indian denim mills, has restricted denim fabric (both cotton and poly-cotton denim) sourcing from India. Shipments of denim fabrics from India to Bangladesh from April 2022 to August 2022 were down six per cent.

The global denim market is growing at six per cent. The rise in disposable income levels is aiding the growth of the denim market. Other factors are the rise in urbanization and the trend of denim shirts. Further, the growing popularity of stretchable denim jeans by blending cotton with synthetic material is further anticipated to propel the growth of the denim market. Moreover, initiatives to improve product manufacturing are estimated to cushion the growth of the denim market. In addition, the easy accessibility of raw material will further provide potential opportunities for the growth of the denim market.

Catherine Spindler is deputy general manager of Lacoste. So far she was the French sportswear label’s chief brand officer. Spindler began her business career at Guerlain, then worked for the Rocher group in various communication and marketing roles from 2001 to 2014, before becoming vice-president of Pierre Ricaud.

Catherine Spindler’s appointment comes after she spent three years at Lacoste, enabling it to inject new energy into the collections, to boost the brand’s desirability and its global reach, and set a higher bar for CSR standards and commitments. She is expected to continue making Lacoste the most inspiring brand in sport fashion. Spindler’s mission will be to continue to move Lacoste forward along the premiumization path. The label launched its first polo in 1933 and its current creative director is Louise Trotter.

Lacoste is sold via 1100 monobrand stores worldwide. Globally Lacoste follows a selective distribution network and makes sure that it’s present in premium locations and premium adjacencies. Lacoste generally adds six to eight point of sales every year and would stick to this expansion plan for a few years to come. Lacoste sells apparels, shoes, bags, belts and sunglasses for men, women and children and is popular for its polo T-shirts in solid colors.

The European Textile & Apparel Convention will be held in Portugal, October 13 to 14, 2022.

This, the most important event at the European level for the textile and apparel sector, will see representatives of national and European institutions, leading experts from the industry and like-minded entrepreneurs come together to discuss ideas, share experiences and find solutions to face common challenges.

The convention will look at how companies can anticipate the new European regulatory framework, embrace innovation, and develop a business model where sustainability becomes a source of competitiveness and growth. The conference will address explore solutions to turn quality and sustainability into a source of competitiveness. Workshops with industry experts for a hands-on experience will address the themes of Extended Producer Responsibility (EPR) in textiles, digital product passport, recycling textile waste and labeling textile. Participants can visit textile companies and further understand the European textile context in practice.

In the current economic, social and political environment, Europe is facing many challenges: increased energy prices, unforeseen inflation and climate change, which add to the day-to-day challenges of running a business. Embracing the European Union’s commitment to a green and digital transformation, the textile industry needs to also move towards a new circular economy where recycling is at the core of the design process supported by digitalisation, innovation and new skills, and creativity.