Fashion for Good plans to launch its textile waste study on July 27 in collaboration with Apparel Export Promotion Council in Gurgaon.
Titled, Sorting for Circularity India Project', the study brings together industry players like adidas, Levi Strauss & Co, PVH Corp, TESCO, Arvind Ltd, Birla Cellulose, Welspun Group, and Laudes Foundation. It was launched in November 2021 with an aim to build infrastructure towards achieving great circularity in India.
Over the last 9 months, Fashion for Good conducted an extensive research to understand the textile waste landscape in India as part of the project. The study was conducted in consortium with Sattva Consulting, Saahas Zero Waste, and Reverse Resources.
Optimism thrives in the global fashion industry with 77 per cent respondents to the 9th annual Fashion Industry Benchmarking Study expecting brighter prospects for the industry over the next five years. Conducted by, The United States Fashion Industry Association (USFIA) the study surveyed over 30 leading fashion brands, retailers, importers, and wholesalers, including some of the biggest names in the US. It was done in conjunction with Sheng Lu, Associate Professor, University of Delaware Department of Fashion & Apparel Studies.
Brands to increase sourcing and hiring
The survey indicates respondents’ outlook on future business prospects, sourcing utilization of Free Trade Agreements and preference programs, and policies. It shows, nearly 97 per cent respondents plan to hire more people over the next five years. Over 90 per cent also plan to increase their sourcing value or volume in 2022.
Diversifying away from China
Most respondents expressed concerns over rising sourcing and production costs with all of them expecting their sourcing costs to increase in 2022. To handle supply chain disruptions, US fashion companies continue to adopt a more diverse sourcing base. They continue to move sourcing away from China to reduce their dependence on the country. Around 30 per cent reported sourcing less than 10 per cent of their apparel products from China this year. Over 50 per cent increased sourcing from Vietnam in 2022.
Asia continues to remain the dominant sourcing base for brands for the last nine years, as per the survey. The continent houses 10 most-utilized apparel sourcing destinations including: China (91 per cent), Vietnam (88 per cent), Bangladesh (84 per cent), and India (72 per cent).
Rise in sourcing from CAFTA-DR
However, apparel sourcing from the Dominican Republic-Central America Free Trade Agreement (CAFTA-DR) region is also on the rise with 60 per cent respondents planning to increase sourcing from the region over the next two years.
US fashion companies are strongly advocating for the renewal of African Growth and Opportunity Act (AGOA) for another 10 years. However, no respondent plans to move sourcing orders from Ethiopia to another AGOA beneficiary country.
Creating economic opportunities
Most respondents are from companies having headquarters or major management offices in the US. Around 75 per cent respondents also have headquarters or major management offices outside the US, including China, Asia other than China, Europe, Eastern and Central America, and Mexico, among others. Besides, selling products in the US, over 50 per cent also sell products in Canada, Western Europe, Mexico, and Asia.
Dedicated to fashion made possible by global trade, USFIA represents textile and apparel brands, retailers, importers, and wholesalers based in the US and doing business globally. The brands and retailers aim to eliminate tariff and non-tariff barriers impeding the industry’s ability to trade freely and create economic opportunities in the US and abroad.
A leading global producer of wood-based specialty fibers, Lenzing Group has collaborated with Red Points, a global leader in online IP infringement detection and removal, to strengthen Lenzing’s existing brand protection efforts globally and enable round-the-clock brand monitoring services.
Red Points provides the ideal technology solution to help Lenzing monitor and remove unauthorized use of its trademarks and counterfeits online. The technology works by using Artificial Intelligence (AI) to automatically detect intellectual property infringements of Lenzing’ trademarks with high accuracy and efficiency.
Brand protection is just one of Lenzing’s ongoing proactive measures aimed at enhancing transparency in the supply chain and protecting the interest of Lenzing’s partners by ensuring they are purchasing genuine Lenzing fibers which meet their high standards.
In 2018, Lenzing launched the Lenzing E-Branding Service which allows Lenzing’s customers, retailers and brand partners to effectively use trademarks in their marketing materials. The platform has been welcomed by partners globally as it continues to deliver value to the fashion, textile and nonwoven sectors by facilitating the traceability of Lenzing’s fibers and enabling customers to promote them effectively.
A global leader in specialty chemicals towards sustainable solutions, Archroma has made 5’760 color references of its Color Atlas library available in ASE file format for open access to the users of most design software for fashion, apparel, and textiles. With this, designers and stylists are given open access to the largest library of colors for cotton and polyester.
ASE or .ase (for Adobe Swatch Exchange) files are used to upload, share and access colors through the swatch palette of design software such as Photoshop, Illustrator and most CAD (Computer-aided design) systems.
The Color Atlas by Archroma was launched in 2016 to provide fashion designers and stylists with off-the-shelf color inspiration that can be implemented in production with just a few clicks.
The Color Atlas continues to evolve in line with Archroma’s commitment to sustainability through innovation. The company describes its approach as “The Archroma Way to a sustainable world: safe, efficient, enhanced, it’s our nature”.
All color references available in the Color Atlas have been formulated with products that comply with leading international eco-standards, and can be selected based on the desired sustainability profile.
Each color from the Color Atlas by Archroma® is available for purchase from Archroma as a physical color standard that includes precise digital data and access to global dyeing technical support.
Tunisia’s textile and clothing exports grew 21.86 per cent to touch €1,137.8 million in the first five months of current year compared the same period in 2019 when the export valued exceeded 12.05 per cent to €1,015.4 million. In May, Tunisia’s exports increased 38.77 per cent.
The value of its ‘pants’ exports increased 28.73 per cent in dinar until the end of May 2022. Tunisia’s exports to the French, Italian, German, Belgian, Spanish, English and Portuguese markets grew 15.3 per cent, 28.3 per cent, 43.3 per cent, 12.2 per cent, 24.9 per cent, 40.6 per cent, and 44.8 per cent respectively, while exports to the Dutch market declined 5.1 per cent. Exports of ready-to-wear to the European Union grew 24.28 per cent to €871.9 million at the end of May 2022, compared to the same period last year. These exports make up 77 per cent of all exports of the sector.
India’s textile and apparel exports are set to grow to $95-110 billion by the next six years from $44.40 billion in FY’22, as per the latest Bain & Co report. As per the report, India’s total merchandise exports are expected to reach $1 trillion by FY ’28. Manufacturing exports are set to grow at 15 per cent CAGR to reach $418 billion in FY’22.
Exports from other sectors such as chemicals ($110-130 billion), electrical and electronics ($120-145 billion), automotive ($45-55 billion), pharmaceuticals ($45-50 billion) and industrial machinery ($70-75 billion) too are estimated to grow significantly.
Rising capacity expansion, government support, increased mergers and acquisitions and PE/VC-led investment, are set to boost the country’s sustained economic growth in the years to come, says Deepak Jain, Partner, Bain and Company and Co-author,
Growth of India’s $1 trillion manufacturing exports will be driven by priority sectors such as chemicals, auto, electronics, pharma, textiles and industrial machinery that will contribute 50-60 per cent share of manufacturing exports, adds Sushil Pasricha, Expert Partner, Bain & Company and Co-author.
To acknowledge the alliance between organizations, the International Cotton Association (ICA) has signed three more memorandum of understandings (MoUs). The most recent MoUs signed by ICA include Aid by Trade Foundation with its initiative Cotton Made in Africa (CmiA) (signed earlier this month), the U.S. Cotton Trust Protocol (signed last February) and the International Textile Manufacturers Federation (ITMF) (signed in 2021).
These MOUs will help organizations collaborate with each other to work towards a number shared goals including promotion of sanctity of contract; training and visit programs; information exchange and dissemination; diplomatic initiatives; testing and quality issues. They will make trading safer besides strengthening the relationships between organizations with increased communication and collaboration, says Alex Hsu, President, ICA.
The ICA also has a formal commitment and bilateral agreement on safe trading with the Better Cotton Initiative (BCI) and existing MoUs with the Cotton Association of India (CAI), China Cotton Association (CCA) and China National Cotton Exchange (CNCE).
Lineapelle London will present the Fall-Winter 2023-2024 trends in the Ham Yard Hotel in the city. It will be a prelude to the 100th edition of Lineapelle scheduled to take place at Fieramilano Rho from September 20-22, 2022. Held from July 13-14, 2022 in Manhattan, the Lineapelle New York exhibition showcased 119 exhibiting companies, 60 from Italy and 59 from abroad.
Fulvia Bacchi, CEO said, organized for the last 20 years, the exhibition continues to serve ‘Made in Italy’ products and stabilize business between the two companies. The pandemic has made clients more attentive to sustainability and value addition in products, she adds. Exhibitors at the show said, it provided them a networking opportunity with established top brands and many potential new customers and start-ups looking for solutions to differentiate their supplier network in Europe and, above all, Italy.
C.L.A.S.S. Eco Hub has selected experimental and responsible project in Milan, Froy Club as the winner of C.L.A.S.S. ICON Award 2022. The annual contest aims to sponsor a visionary creative for combining design, responsibility, innovation and communication. Giusy Bettoni, CEO and founder of C.L.A.S.S says, the firm was impressed by the project’s mastery in knitwear. The interesting colors and shapes used in the project are cherry on top.
The project is rooted in Armenian culture to paint an image enriched by the melting pot of other traditions, using an artistic language with blurred boundaries. Through its collections, the brand tells stories of everyday life, populated by characters who embody the vices and virtues of contemporary society.
Working with a sustainable ethic, Froy reconciles traditional know how and innovative techniques to create hybrid, versatile and speaking surfaces. The brand uses Italian certified fabrics and yarns that meet European standards, selecting the highest possible number of natural materials to create high-quality products with a circular life. Froy also chooses GOTS, FSC and OEKO-TEX certified fabrics and yarns in order to support a clear production chain.
Experts believe, the current trend of uncertainty in the textile and apparel sector is transitory and vibrant domestic consumption will drive demand in the next few with exports volumes reviving. Since last three months, Indian textile and apparel sector has been facing several challenges in demand and operational profits.
Domestic consumption is expected to grow nominally due to GDP expansion and the economy opening up. The $85 billion apparel industry will expand at least 5 to 7 per cent this year. As per Prabhu Dhamodharan, Convenor, Indian Texpreneurs Federation (ITF), demand for yarn and fabric is expected to surge with the approaching festive season.
Buying will reappear as raw material prices have fallen and manufacturers have exhausted their inventories, he adds. Supply of yarn and fabrics dropped in May. This is expected a favorable demand trend in the upcoming cycle, he adds..
Buyers are expected to reappear with pre-COVID levels of orders once their inventories decline due to current discounts, indicate international buyers.
US data for May indicates strong import trend. The US imported Rs. 66,000 crore worth of apparels in May, which is higher by 5 per cent compared to the previous 3 months’ average. Reduction in freight and raw material cost will also help in boosting overseas demand for textiles.
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