Brands face a tough situation while taking a stand on the Xinjiang issue. If they decide to continue sourcing from the region, they face ban and other legal actions from the West and if they leave, they have to deal with large commercial losses. Either way it’s a catch 22 situation for them.
Brands fear losses on speaking up
Brands also risk losing trusted partners if they stop sourcing from Xinjiang. Besides finding new partners, they are also forced to deal with increased costs of sourcing and shipping the material. Also, they are prohibited from speaking against Xinjiang, lest they anger nationalistic Chinese consumers. Inviting Chinese consumers wrath can result in sale lossworth hundreds of mills of dollars for companies like H&M and Nike.
Hence, brands prefer avoiding voicing concerns on Xinjiang though they may take certain steps to curb forced labor. Most fear, protests might disrupt their Chinese operations and delayshipments to the country. Scott Nova, Executive Director, Worker Rights Consortium and Steering Committee Member, Coalition to End Forced Labor in the Uyghur Regionconfirms, some brands have informally committed to leave China but have requested himsecrecy on the information.
Small companies more forthcoming
Smaller, privately-owned companies are more straightforward about leaving China than bigger retailers that have amassed a large portfolio of consumers in the country. Fast fashion companies like H&M and luxury brands like Burberry are being compelled to decide between staying back in China or quitting it completely.
Global clothing brands like Patagonia are currently not able to determine the use of forced labor in Xinjiang due to lack of access to the region. They can only monitor their factories through video visits else they are harassed by local monitoring staff.
Projected to grow at a fastest pace during the forecast period, the women’s socks market is expected to be led by the Asia-Pacific (APAC) region that will grow at a 5.8 per cent CAGR between 2022 and 2032 and capture 40 per cent of the revenue.
As per a Future Market Insights report, the two major contributing countries to the growth will be China and India. Europe will contribute to 32 per cent with the UK, Germany and France accounting for a major share of the revenue.
Predicted to be worth $17.5 billion in 2021, the market is expected to grow to $30.25 billion by 2032. A major portion of this growth will be driven by rising health-consciousness amongst consumers and preference for using eco-friendly socks
White-collar professionals will play a crucial role in improving the demand for socks by increasing the importance of formal attire on a global basis.
The growing expenditure on health and fitness amongst adults will also help boost demand for various shoe accessories including sports and ankle socks at gyms and health clubs.
Largest denim manufacturer in Latin America and a Texbrasil company, Vicunha launched its first collection of the year in Denim City SP.
As per a Texbrasil report, Vicunha’s new collection reflects three fashion macro trends marking the streets and caltwaks and presented by fashion experts Lola Butti and Barbara Santana during the DCSP.
The collection offers five ranges including Zatar Eco, a dyed maxi blue range that retains its shape throughout the day; Kasper range of stretch denims, dyed in medium blue tone having a flame efet in the warp and with excellent; the Kasper Dark range of stretch denims dyed with Maxi Blue in intense indigo shade. The denim offers a flame effect in the wrap and has excellent width.
The fourth range is known as the Kapser Black Black that is dyed with a special black dye over black for an intense color. The last range in the collection is called Rodin which a denim made of special fibers with pre-consumer recycled cotton in the warp and lyocell weft, providing light glow, softness and resistance.
Boosted by growing brassieres imports, the US lingerie market is projected to reach $11.50 billion by 2025. As per a report by the Statista, the market is currently worth $9.13 billion.
From January-April’22, brassieres imports by the US grew by 24.58 per cent, as per the latest data from OTEXA. China remained the top exporter of brassieres during the period with exports increasing by 21.79 per cent to $55.74 million during the period
Vietnam’s exports also increased by 23.54 per cent to $219.45 million worth of brassieres during the first 4-month period of 2022.
The third largest exporter to the US was Indonesia $129.30 million worth of brassieres, noting 58.66 per cent Y-o-Y surge, whereas the imports of the US buyers from Sri Lanka increased by 17.65 per cent on Y-o-Y basis to $100.12 million.
Exports by Bangladesh to the US also grew by 26.21 per cent to $71.33 million.
The demand for used thrift clothes is rising amongst Indonesian population; especially amongst teenagers. As per an Indo Textiles report, these clothes have become a hit amongst Indonesia’s young generation living in big cities. These Indonesians prefer thrifting used clothes instead of buying new ones at the mall or well-known clothing store as the word thrift which means minimizing or reducing waste or saving money.
In Indonesia, used thrift clothes are being sold by brands like Uniqlo, H&M, Pull and Bear, Puma, Adidas, etc at the used clothing market or exhibitions that sell used goods in the country.
Indonesia’s thrift market in located various places like the the Bandung area, commonly known as the Cimol market, more precisely in the South Gedebage Street area. The market is frequented by consumers looking for cheap used clothes.
Imports of denim apparels the United States grew by 40.84 per cent to $1.25 billion in the January-April ’22 period, as per a report by OTEXA.
Exports by all denim manufacturers to the US increased during the period with largest growth recorded by Pakistan, Bangladesh and Egypt.
As per Apparel Resources, US; imports of denim apparels from Bangladesh grew by 51 per cent Y-o-Y to $ 248 million during the January-April ’22 period.
The second highest export of denim apparels to the United States was by Pakistan which exported denim apparels worth $ 152 million noting a 72.48 per cent Y-o-Y growth.
The third position was bagged by Vietnam which exported denim apparels worth $137.37 million followed by China whose denim apparels exports to the US surged by 20.23 per cent to $110.64 million during the period.
The most notable performance was recorded by Egypt whose exports surged by 126 per cent to $ 71.70 million during the four months period.
Chinese fast fashion brand Shein will allot $50 million to its newly launched Extended Producer Responsibility (EPR) fund over the next five years. As per an Apparel Insider report, the money will be used to fulfill Shein’s commitment to address global textile waste management and develop circular economy.
The fund was launched with a new partnership between Shein and the Or Foundation-a US and Ghana-based not-for-profit organization collaborating with secondhand clothing retailers and up-cyclers in Ghana. The fund will boost the implementation of environmental strategies in secondhand garments production.
An initial grant recipient, receiving $5million annually for three years from the overall Fund, The Or Foundation will use the money to expand its Mabilgu (sisterhood) Apprenticeship Program for young women who carry bales of second-hand clothing on their heads, incubating community businesses transforming textile waste into new products, pilot fibre-to-fibre initiatives with Ghanaian textile manufacturers and to modernise and Kantamanto Market.
The Or Foundation will also redistribute a portion of the initial grant to allied organizations in Ghana that Shein will work with.
One of India’s leading organic agricultural cultivators and traders, Delight Group and the Delight Health and Wellness Foundation are collaborating with Good Earth Cotton to adapt the program and its principles in India.
According to the program, 1977 Indian cotton farms, spanning 3,689 hectareare converting to Good Earth Cotton.They commenced this conversion in mid- 2021 by digital mapping, soil sampling, data collection and GPS tagging to build a base analysis from which the Good Earth Cotton program and principles will be reviewed and adapted to bring climate positive improvements to a smallholder farming system and Indian climatic conditions.
As per The Spin Off report, the growers will fully adopt the Good Earth Cotton program in the next three years. Backed by the advanced transparency technology, FiberTech, the program aims to reach complete transparency and real-time verification throughout the global supply chain.
Delight Group will use the FibreTracetechnology to verify and trace the Good Earth Cotton production in India. It will also introduce the technology across certified Indian Organic cotton in 2022.The partnership will lead to production of over 200,000 bales of Good Earth Cotton in 2023.
Scheduled in July 2022, the next edition of Premiere Vision Paris will be a hybrid show with the physical event running from July 05-07 at the Parc des Expositions de Paris Nord Villeprinte and the Digital Show running from July 04-08, 2022 being held online on the website and marketplace.
As per a report by The Spin, the event will present F/W 2023/2024 collections of brands and products from 1,190 exhibitors from 44 countries, including spinners, weavers, tanners, textile designers, accessory and component makers and fashion manufacturers. The event will have 10 per cent more than the 1,080 visitors who attended the show in February this year and 32 per cent more from the 900 exhibitors attended the event in September 2021
The show will host a series of new initiatives to serve the changing demands of the sector and facilitate its environmental and social transition. Prominent amongst them will be the Smart Creation area dedicated to responsible innovations hosting 38 companies, a new Eco-Innovation forum, a new Eco-Innovation Trend Tasting seminar and various conferences dedicated to the challenges of sustainability held at the show and online.
A two-part document, the Fashion & Sustainability white paper will shed light on the major sustainability issues facing the industry, and a study conducted with the IFM to determine consumers’ purchasing criteria and assess their knowledge of sustainable materials.
The show will introduce new Performance Codes to help visitors showcase sustainable offerings at the Première Vision shows and its online Marketplace. These performance codes will be created by Première Vision and indicated on products found in the Eco-Innovation forum and the Marketplace. They will help describe the characteristics of eco-designed materials including organic materials and bio-based polymers obtained from a minimum of 30 per cent of renewable bio-based substances.
The event will also host 20 conferences, including fashion seminars and a Live Sourcing experienceand online during the Digital Show. Industry professionals and experts will speak about major issues including the ecological transformation, digitization, the metaverse, trends and more, to help visitors better understand the challenges of the fashion industry.
The Economic Survey for the financial year 2021-22 shows, growth in Pakistan’s textile sector declined to 3.2 per cent during July-March 2021-22 as compared to 8 per cent in the same period last year,
As per a Business Recorder report, most growth was noted in the areas of wool products manufacturing with the highest surge of 38.9 per cent in the production of wool blankets, 27.9 per cent in the production of wool and carpet yarn, and 19.1 per cent in production of woolen worsted cloth. Production of yarn and cloth showed marginal growth of 0.7 per cent and 0.3 per cent respectively.
The production of jute was restrained by the depreciation of the rupee. However, the surge in textile machinery imports led to a rising demand for concessionary financing from textile firms.
The wearing apparel grew by 34 per cent as it gained traction locally as well as in the international market as garments production grew at 34 per cent during the period. The export of garments also grew by 33.9 per cent. Knitwear exports contracted by 4.8 per cent in quantity terms, while it increased by 34.1 per cent in terms of value during the period under review.
The ready-made garment exports show a massive growth of 33.9 per cent in quantity and 26.2 per cent in value from 27.8 million dozen to 37.3 million dozen worth $2.8 billion as compared to $2.27 billion for the same period last year.
Exports of towels grew by 18.3 per cent in terms of value and 5.1 per cent in terms of quantity to $819.6 million.
Meanwhile, Pakistan’s exportsof synthetic textile fabrics increased by 27.6 per cent in quantity to $343.59 million as compared to $269.20 million the same period last year.
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