Supply Chain news and archive

NYC garment industry receives boost with 1.7 million dollar Local Production Fund

New York City Economic Development Corporation (NYCEDC), in partnership with the Council of Fashion Designers of America (CFDA), has announced the continuation of its Fashion Manufacturing Initiative (FMI) with the launch of a new Local Production Fund, backed by a combined 1.7 million dollar investment. The fund is designed to support New York...

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Leicester Made gears up for expanded edition amid efforts to rewrite the city's manufacturing reputation

Leicester Made is gearing up for a new edition this year under an expanded banner: Leicester Made & Regions. The shift is reflective of a broader movement underway across the UK, as manufacturing hubs in Manchester, Scotland and London seek to align under a shared push for domestic production. What was once a city-specific showcase is now...

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Association: ships in Gulf region to remain insured

Despite the war with Iran, German ships in the Gulf region can continue to be insured. This was announced by the German Insurance Association (GDV). “Insurers are adjusting terms and prices, but are not pulling out,” said Jörg Asmussen, general manager of the GDV. War risk insurance, which typically covers damage from incidents such as mines, is...

Fashion

Fashion Revolution shutters UK arm, pivots focus to global network

Not-for-profit organisation Fashion Revolution, known for global campaigns championing supply chain transparency and workers rights, has confirmed the closure of its UK arm as it looks to decentralise operations. In a post on LinkedIn, the organisation said it has decided to wind down the operations of Fashion Revolution CIC–i.e. Community...

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European fashion stocks soar following Iran ceasefire

Madrid – Optimism is taking hold of the markets following the hopeful bilateral ceasefire agreed between the governments of the US and Iran in the early hours of Wednesday, April 8, Central European Summer Time. The agreement, reached for the next two weeks, is based on open negotiations for a “definitive” and “long-term” peace deal. It will...

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Trump announces a bilateral ceasefire between the US and Iran

Madrid – Diplomacy has prevailed over conflict following an announcement made in the early hours of this morning, Central European Summer Time, by US president Donald J. Trump. The statement concerns the armed conflict involving the armies of the US, Israel and Iran since February 28. This crisis appears to be on track according to the American...

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SBA introduces 'Made in America Loan Guarantee' for industrial growth

The US Small Business Administration (SBA) has announced expanded support for small manufacturers through its International Trade Loan (ITL) programme, offering loans with a 90 percent federal guarantee. The initiative, dubbed the ‘Made in America Loan Guarantee’, is designed to help small manufacturers grow facilities, hire workers, and...

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Labour Behind the Label highlights scale of UK worker exploitation, calls for stronger enforcement

Labour Behind the Label has warned that widespread labour exploitation persists across the UK’s fashion supply chains, despite planned reforms aimed at improving worker protections. In a new briefing, the organisation outlines the scale of non-compliance in the UK labour market, particularly in fast fashion production. Citing research from...

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Walmart among US retailers backing Unspun’s domestic automated production hubs

A number of US retailers, including Walmart and REI, have signed letters of support for Unspun’s plan to build automated apparel manufacturing hubs in the US using AI-enabled 3D weaving technology. The initiative aims to bring production closer to consumers at a commercial scale, supported by supply chain partners such as Bethel Industries,...

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Crisis talks on Strait of Hormuz seek to increase pressure on Iran

During the crisis meeting on the largely blocked Strait of Hormuz, participating countries discussed possible further sanctions against Tehran. The British Foreign Office announced this following an online meeting convened by the UK with representatives from more than 40 countries. Foreign secretary Yvette Cooper spoke of a determination among...

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Supply chain expert on traceability: “Not just another compliance requirement, but a risk visualisation and management tool”

Is the textile supply chain really as complex as commonly claimed? Does traceability thus remain merely a corporate buzzword rather than a reality of Tier 4 operations? What role does the informal sector play in the textile supply chain? And how can the physical-digital gap be bridged in rural farming? These and other pertinent questions prove...

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Global economic update: oil prices fall, stock markets reassured amid Middle East conflict

Paris, France – The latest global economic developments on Wednesday at approximately 8am GMT, as the war in the Middle East enters its 26th day. Oil prices fall Oil prices fell on Wednesday, with Brent dropping below 100 dollars, following Iran's announcement that it would unblock the Strait of Hormuz for ships deemed “non-hostile” and the...