Supply chain news and archive

Nike shareholder expresses concern over brand’s failure to address forced labour

An activist shareholder of sportswear giant Nike has outlined in an open letter that it is concerned about the company’s lack of response surrounding forced labour in its supply chain. Tulipshare, a shareholder activist investment platform and a long-term shareholder of Nike, addressed the company’s board of directors in the letter, in which it...

14 Mar 2023

Business

Credit insurer slashes cover for Asos suppliers amid falling profits

A credit insurance provider has reportedly cut its cover for Asos suppliers as concern over the retailer’s recent falling profits continues to mount. Atradius is understood to have reduced its cover a few weeks ago, Drapers reported, following Asos’ most recent financial statement published in January. The e-commerce company reported an eight...

10 Mar 2023

Business

AAFA establishes partnership with IAF to tackle supply chain issues

The American Apparel & Footwear Association (AAFA) has announced a new partnership with the International Apparel Federation (IAF) which sees the signing of a Memorandum of Understanding (MoU) underlining the commitment to bring industry players together across the supply chain. The renewed agreement will also ensure that the two organisations...

3 Mar 2023

BusinessFeatured

Nearshoring or ‘Made in Asia’? Supply chains between dreams and reality

More and more clothing companies want to leave Asia and produce in Europe again. How realistic is that? And what will happen to the existing production sites? The German textile association DTB dedicated an information event to this topic and drew quite definite conclusions. There are numerous reasons why many garment manufacturers are currently...

8 Feb 2023

BusinessFeatured

Earthquakes in Turkey and Syria: The fashion world responds and offers support

Large areas in Turkey and Syria were hit by multiple earthquakes at the beginning of the week. The death toll is rising quickly and the images of the large disaster area are moving around the world. The fashion industry is responding to the tragedy and offering help where it can. Turkey is one of the major production countries for clothing and...

7 Feb 2023

Business

Intradeco Holdings acquires Indera Mills to grow expertise

Thermal apparel supplier Intradeco Holdings has announced the acquisition of Indera Mills as part of its plans to expand on its expertise. The US-based manufacturer operates through production facilities in the US and Mexico, producing and distributing thermal underwear and supplying for the brands Coldpruf and Indera. With the acquisition,...

7 Feb 2023

BusinessFeatured

PVH to pay out one million dollars to Haitian garment workers

PVH Corp, the owner of Tommy Hilfiger and Calvin Klein, is set to provide back pay to over a thousand garment workers in Haiti after one of its factories in the region abruptly closed last year. The sudden closure left workers at the factory without severance and pension benefits, said the Worker Rights Consortium (WRC), a lobby group which...

7 Feb 2023

BusinessFeatured

Asos partners with GoodWeave to address labour rights in supply chain

Online retailer Asos has announced it is partnering with GoodWeave International, a non-profit organisation working to end child, forced and bonded labour in global supply chains, to address label risks in fashion apparel and accessories suppliers in India. The collaboration will mean that Asos will utilise GoodWeave’s assessments in its supply...

2 Feb 2023

Business

Fashion supply chain finance platform, Twinco Capital, raises 12m dollars to expand

Twinco Capital, a global supply chain finance solution that covers the production cycle from purchase order to final invoice payment, has secured a 12 million dollar equity and debt round. The Amsterdam and Madrid-based fintech business, which was founded 2019 by bankers Sandra Nolasco and Carmen Marín, said it is on a mission to reduce the...

24 Jan 2023

BusinessFeatured

H&M, Zara and Gap among brands found to be unfairly treating Bangladesh suppliers

A new report by Transform Trade has found a number of major high street fashion retailers to be paying and treating their Bangladeshi suppliers “unfairly”. The likes of H&M, Gap, Next, Primark and Zara are among the brands named for paying factories below the cost of production. Entitled ‘Impact of Global Clothing Retailers’ Unfair Practices on...

9 Jan 2023

BusinessFeatured

Mango publishes tier 3 factory list as part of new sustainability strategy

Fashion retailer Mango has become “one of the first major fashion companies in Spain” to publish its tier 3 factory list, following on from the release of its tier 1 and 2 suppliers. It comes as part of the company's new sustainability strategy, ‘Sustainable Vision 2030’, through which it hopes to emphasise the traceability and transparency of...

2 Jan 2023

Business

German Supply Chain Law comes into force on 1st January 2023

The “Act on Corporate Due Diligence in Supply Chains” was passed by the German Bundestag in June 2021 and will come into force in a few short days - on 1st January 2023. It will initially cover large companies with 3,000 or more employees, and from 2024 also companies with 1,000 or more employees. What does this mean for companies? From Sunday,...

29 Dec 2022