Subscribe to apparel Resources. China can’t be overlooked, but Indian apparel exporters are on track, say experts at V-Expo. Industry experts, while speaking at the recently concluded ASW-organised V-Expo, were of the view that Indian apparel exporters are fast heading towards the right direction.
The general view was that majority of apparel exporters were doing everything right as preferred suppliers to their respective buyers. H&M majorly downsizing its sourcing operations in India! Could have negative impact on Indian exporters. H&M, the global fashion retailer, is strategically downsizing its sourcing operations in India.
As per the industry sources, the brand has decided to consolidate its knits division from Indian office and major impact will be on its merchandising team as it is being rearranged. Many merchandisers and QA, QC, garment technicians are supposed to work till December only. If sources are to be believed, overall, around 70 people have been asked to leave; on the positive side they are being offered very good compensation. Jesta rolls out the latest version of its Vision CRM solution. “Distance Quality Management” Webinar by BlueKaktus will discuss Virtual Inspection Process on 3 June. Royal Datamatics Pvt.
Ltd., Delhi (India)-based fashion technology company, will be conducting a webinar “Distance Quality Management: A Paradigm Shift in Apparel Industry” – in its webinar series named ‘Excellence in Apparel’. The webinar will be conducted on 3 June ’20 at 11 AM. Gunish Jain, CEO of Royal Datamatics, will be hosting the webinar and Ajay Ravuri, Quality Head, Arvind Fashions Limited will be the key speaker. As the world is severely impacted by COVID-19 pandemic, the after effects of the same can be seen on businesses as they are geared up to reopen gradually. With more social distancing norms, the business owners in the apparel industry – both retail and manufacturing – are opting for digitisation and virtual concepts which undoubtedly is the need of the hour in order to repair and reform the devastated supply chain.
This module helps vendors perform their quality processes on a single platform that can be accessed by the clothing brands online. Then there’s BlueKaktus –QC! Li & Fung officially delisting today from HKEX. Today is the last day for Li & Fung with Hong Kong Exchanges and Clearing (HKEX)!
After 4 pm, it will officially delist from the HKEX thereby successfully completing the company’s privatisation process. The company is delisting itself from HKEX as it sets the course for long-term transformation. Now the Fung Family remains controlling shareholder of Li & Fung with 60 per cent of the voting shares, while GLP will have 40 per cent of the voting shares and 100 per cent of the non-voting shares, resulting in effective economic ownership of 67.67 per cent of Li & Fung. Vietnam’s textile firms can only survive till May end! Vietnam has started facing severe challenges in its textile and garment manufacturing industry due to closure of markets in its major export destinations USA and EU.
According to reports, SMEs in Vietnam, especially in Ho Chi Minh City, are forced to temporarily close down, while some large established firms have also asked workers not to join back for quite some time. Although some textile factories had already switched to mask and other PPE production, it is now observed that the domestic market for these products has touched saturation point, while export markets are requiring high standards in PPE which is not being met by most of the factories.
Fashion retailers to clear off summer inventory before Diwali. With stores shut for more than a month now, many retailers are worried about the accumulation of inventory in their warehouses that may end up being wasted if not cleared.
In a webinar that included the stalwart fashion conglomerates of India like Future Group, Landmark Group, Reliance Fashion Retail and Aditya Birla Fashion and Lifestyle, the Retailers Association of India (RAI) concluded that these retailers would forgo the pre-fall collection and instead move on to the planning of the Autumn/Winter collection straightaway. The likes of Tommy Hilfiger, Ritu Kumar, Jack and Jones and Arrow are looking to clear off their Summer/Spring inventory till October or Diwali.
“Fortunately, this time Diwali is due in November, giving us an extended summer. We want to avoid deep discounting as it spoils the brand image,” explained Shailesh Chaturvedi, CEO of Tommy Hilfiger Apparels. Sri Lankan garment sector targets 6% export growth in 2020. 2020 is here and Sri Lankan garment industry has some big plans for the year!
Besides, aiming for a 6 per cent year-on-year (YoY) export growth in the new year, the industry is all set to build a 200-acre fabric park. The objective of building the park, which will be in partnershipith the Board of Investment (BOI), is to shorten the lead times using locally sourced fabrics and thereby attract foreign investors. The country’s garment exports rose by 5.8 per cent YoY (US $ 4.8 billion) in the first 9 months of 2019 and therefore 6 per cent export target for 2020 seems attainable.
This was confirmed by Joint Apparel Association (JAAF), Sri Lanka. Vietnam sees India as potential apparel supplier. Share: Read what 200000+ Industry Leaders read everyday for free Image Courtesy: khabarindiatv.com “The clothing and textiles segments are overly dependent on raw material imports from China,” averred Nguyen Thi Tuyet Mai, Deputy General Secretary, Vietnam Textile and Garment Association (VITAS), while speaking at a seminar in Hanoi, Vietnam.
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