factories news and archive

Bangladesh set to lose 6 billion dollars in export revenue

As the world's second largest apparel producer after China, Bangladesh is feeling the ripple effects of the fashion industry which has been heavily hit by coronavirus. The country is expected to lose 6 billion dollars this year from cancelled orders from major fashion retailers. The news was reported by Reuters. Cancellation orders continue to...

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Asos to share approved factories list next month

London - Online pure-player Asos is set to publish a list of all mapped and approved factories it uses to produce its own brand on its website by March 31, as part of its pledge to supply chain transparency. "We recognise the importance of this for supply chain due diligence and workers' rights issues," said Asos in a statement. In addition,...