Supply Chain news and archive

Agile supply chains: Shein, BCG and GoodOps discuss challenges and opportunities

As the fashion industry continues to grapple with the far-reaching impacts of the pandemic and new global challenges, it has become clear that the ability to swiftly respond to changes in the supply chain is a defining factor for companies to achieve success. Industry stakeholders from ultra-fast fashion player Shein, sustainability strategy and...

BusinessFeatured

European Parliament approves draft law to improve environmental, social practices of supply chains

The European Parliament has voted in favour of a draft law to ensure large companies crack down on suppliers not following certain rules in terms of their social and environmental practices. The Corporate Sustainability Due Diligence Directive (CSDDD) addresses areas including child labour, slavery, labour exploitation, pollution, environmental...

BusinessFeatured

TIWW seminar on purchasing practices: communication is key

A recent seminar by The Industry We Want (TIWW), a multi-stakeholder initiative dedicated to driving industry-wide progress on key issues in the garment and footwear sector, highlighted purchasing practices and brought together representatives of three distinct perspectives - suppliers, brands and workers. When brands receive feedback on their...

BusinessFeatured

Data and collaboration key moving forward, says PVH supply chain director

Strong collaboration and data-driven systems are key to building resilient and adaptable supply chains. That’s according to Marian Temmen, senior director of supply chain transformation and innovation at PHV, the US fashion giant behind labels Calvin Klein and Tommy Hilfiger. Speaking Tuesday at the PI Apparel Supply Chain Forum, which took...

Business

NRF says US imports to remain lower than 2022 levels

The National Retail Federation (NRF) has said that it is expecting US imports to remain “well below” last year’s levels in 2023 as demand continues to falter in the region. This is according to research carried out by the organisation and Hackett Associates, which collaborated on the Global Port Tracker report for 2023. While levels are still...

Business

Mango signs Pakistan Accord, extends commitment to garment workers

Spanish retailer Mango has announced that it has signed the Pakistan Accord, an employment safety initiative looking to ensure protection of workers in the region. It extends the brand’s previous commitment to the Accord on Fire and Building Safety in Bangladesh, which it initially signed in 2013, expanding the group’s commitment to another key...

Business

OTB Group acquires stake in leathergoods manufacturer

Italian fashion group OTB has acquired a majority stake in Frassineti, a Florence-based leather goods manufacturer. Frassineti has been a long-term supplier of Jil Sander, one of OTB's star portfolio brands. This acquisition is part of a growing trend among luxury groups to invest in their supply chain and maintain valuable skills and ensure...

Business

Shein to invest 150m dollars in Brazilian garment manufacturers

Shein, the Chinese ultra fast-fashion retailer, has been investing in Brazilian garment manufacturers in order to expand its production capabilities and shorten its supply chain. On Thursday the company said it would invest a further 750 million reais (approximately 148.9 million dollars) to establish a network with thousands of textile...

Business

Prada invests 60 million euros in its supply chain

Prada on Thursday said it is investing 60 million euros in its supply chain, boosting production at its knitwear factory in Torgiano, Umbria. The capital injection will improve its facilities and upgrade technologies. The Group is also eyeing to acquire smaller factories where it can be competitive in its craft and increase output. In 2018 Prada...

Fashion

Better Cotton trials traceability solutions across Indian supply chains

The non-profit organisation Better Cotton is trialling a pilot program, implementing different innovative traceability technologies in order to determine the best way to ensure transparency across cotton supply chains. To develop better digital traceability and conclude the potential of each solution, the initiative partnered up withRetraced,...

Business

LVMH acquires French manufacturer of fine jewelry, Platinum Invest

While it has just announced that it has exceeded 21 billion euros in turnover in the first quarter, the luxury giant LVMH is continuing its investment path in the jewellery sector with the acquisition of the French group Platinum Invest. Revealed by WWD, the takeover of the Platinum Invest group by LVMH should be concluded before the end of this...

Business

Alibaba and L’Oréal partner on promoting a circular economy in China’s beauty market

Marketplace giant Alibaba has signed a three-year partnership with cosmetics conglomerate L’Oréal which will centre around the promotion of a circular economy in China’s beauty industry. The signing ceremony took place alongside French president Emmanuel Macron’s three-day visit to the country, during which Alibaba’s chairman and CEO, Daniel...