Sourcing news and archive

Accompanying report helps navigate new GFA Fashion Impact Toolkit

A new Fashion Impact Toolkit, presented by the Global Fashion Agenda (GFA) and Deloitte at the Global Fashion Summit in June, wants to share a meaningful inventory of industry impacts for guidance on strategy assessment. But how to use it? And what are some of the key findings from the impact inventory? An accompanying report, published...

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Business

Myanmar garment manufacturers call for support after Friday’s earthquake

Following the 7.7-magnitude earthquake that hit Myanmar last Friday, 28th March, and killed more than 2,700 people, the Myanmar Garment Manufacturers Association (MGMA) and partner associations have called for financial assistance for the garment producing country. Locally, they are requesting factory owners, management and members to provide...

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Business

Puma slows Chinese imports as imposed US tariffs take effect

Puma is sourcing more and more from suppliers in countries like Indonesia and Vietnam for the US market as the trade war between China and the United States intensifies, according to Arne Freundt, CEO. The CEO of the German sportswear brand revealed in an interview with Bloomberg that it is sourcing approximately 10 percent of the footwear...

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Fairs

Denim, DPP and durability - Texhibition charts its course ahead

The sixth edition of sourcing fair Texhibition Istanbul took place from 11th to 13th September 2024 at the city's exhibition centre near Atatürk Airport. All three days were well attended - according to official figures, almost 24,600 trade visitors attended; about the same number as at the March edition. A good 25 percent of (6,488) came from...

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Business|CEO Interview

Bharat Ahir, 28 One: “Supply chain transparency cannot be a box-ticking exercise”

The fashion supply chain is a complex construct, involving many steps and stakeholders from sourcing, freight and shipping to market trends and many more in between. Thus, talking to supply chain expert Bharat Ahir, CEO of supply chain management company Two Eight One, is like opening Pandora’s box - you cover one question but it throws open the...

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Business

Retraced introduces Due Diligence Guide geared for fashion industry

Retraced, the compliance platform for the fashion and textile supply chain, has published a new Due Diligence Guide. The white paper aims to demystify the legal frameworks reshaping fashion, helping companies reduce risks and enhance their social and environmental impact. Especially in view of new legislation being introduced to shape...

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Business

Un-bear-ably cool: Material Exchange introduces first AI sourcing assistant for fashion

Digital sourcing platform Material Exchange has introduced the world’s first AI-supported sourcing assistant for fashion: His name is Frank and he's a bear. He leaves digital assistants like Alexa, Siri and Paperclip (remember?) far behind, because he has style - and an interesting background story. Frank comes from northern Sweden and always...

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Business

New website to portray “the real story of Bangladesh garment industry”

Recent events in Bangladesh - repeated unrest due to wage disputes and the most recent government overthrow - have left many buyers wondering if production will be able to continue, what the latest developments mean for the country long-term and if they threaten the global apparel supply chain. Speculation is rife and facts are often hard to...

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Business|Interview

Government overthrow in Bangladesh: “All factories are expected to be fully operational again from today”

Bangladesh is the world's largest garment supplier after China. What does the political unrest of recent weeks mean for the fashion industry and what will happen now that the government has collapsed? After weeks of violent unrest in Bangladesh, in which around three hundred people have died and curfews have been imposed, there is growing hope...

BusinessPress Release

It’s time for Bangladesh to look forwards with our fashion partners

Prime Minister of Bangladesh Sheikh Hasina has resigned following weeks of intense protests across the country. At the time of writing, Army Chief General Walker-Uz-Zaman has just addressed the nation. Most importantly, he has withdrawn the nationwide curfew. I believe he will reunite Bangladesh and that our country is now ready to put the...

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Fashion

Bangladesh unrest threatens global apparel supply chain

Bangladesh, a cornerstone of global apparel production, is grappling with domestic turmoil that threatens to disrupt the international fashion industry. Recent protests against the government's job quota system, culminating in the resignation of the country's authoritarian prime minister, have led to internet blackouts and curfews. These...

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Business|Interview

Eleven years after Rana Plaza, where is the fashion industry in terms of transparency?

Eleven years ago today, on 24th April 2013, the Rana Plaza building in Savar, Bangladesh collapsed, killing more than 1,100 garment workers and injuring more than 2,500, many of them severely. All of those deaths and injuries could have been prevented had the five garment factories housed in the building evacuated on time like the other...