Supply Chain news and archive

Luxury's hefty markup and the price of prestige

Recent reports revealing that Dior suppliers in Italy paid a mere 53 euros to assemble a men’s accessory retailing more than 2,500 euros have cast a stark light on the economics of luxury goods. This staggering disparity between production costs and retail prices is not an anomaly in the world of high-end fashion, but rather an integral part of...

Fashion Featured

Fashion giants join forces to decarbonise supply chains

Leading fashion brands are collaborating on an innovative financing initiative to accelerate the decarbonisation of their global supply chains, which account for an estimated 99 percent of the industry's total greenhouse gas emissions. The Future Supplier Initiative, facilitated by The Fashion Pact in partnership with the Apparel Impact...

Business

Q1: UK clothing manufacturers take 40 percent hit on revenue

New data in the latest Manufacturers’ Health Index by management software provider Unleashed has revealed the extent to which small and medium enterprise (SME) clothing manufacturers have been impacted by the current market climate. According to the figures outlined, SME clothing manufacturers in the UK saw their revenue drop 40 percent in the...

Business

Textile Exchange urges industry to find alternatives for existing synthetics

In its latest report, ‘The Future of Synthetics’, non-profit Textile Exchange has issued a call on the industry to reevaluate its relationship with synthetic fibres and textiles, while cautioning suppliers on a potentially overbearing reliance on raw materials. While the organisation is urging fashion to eliminate the use of new virgin, fossil...

Business

Peruvian alpaca wool shearers to go to court following PETA investigation

Shearers from an alpaca farm in Peru are scheduled to go to court in July after a report by the People for the Ethical Treatment of Animals (PETA) outlined evidence of severe animal abuse at the site. An undercover investigation carried out by the organisation revealed alleged gruesome practices carried out at the Mallkini farm, where five...

Fashion |Opinion Featured

Giorgio Armani’s supply chain fiasco highlights complexity

Workers in an Italian factory who were found to be exploited while producing accessories for Giorgio Armani highlight the complexity of fashion supply chains. Even in a heavily regulated continent like Europe, it is possible to evade the systems in place to ensure worker safety and protection. Fashion supply chains are fragmented, involving...

What is the upcoming Corporate Sustainability Due Diligence Directive (CSDDD) legislation? What does it mean for the fashion industry, and what can you do to prepare?

Good news from Brussel. ‘A victory for people and the environment.’ Lara Wolters on X, tweet from March 15, 2024: “Due Diligence passed in Council! People and planet prevailed over cynicism. Thanks so much to the Belgian Presidency for all its efforts!” On Friday, March 15, the EU voted in favor of the Corporate Sustainability Due Diligence...

Business

AAFA calls on Bangladesh to stop 'threats' to garment workers

American Apparel & Footwear Association (AAFA) has called for an end to "the threats and crackdown on garment workers in Bangladesh" in an open letter addressed to the president of Bangladesh Garment Manufacturers & Exporters Association (BGMEA). In recent months, the protesters have been protesting against one of the lowest wages in the world,...

Business

New collaboration between IHKIB and WRAP aims to promote Turkish clothing exports to the US

On the last day of the Texhibition sourcing fair in Istanbul, which promised a refreshed denim sector and a focus on the upmarket segment and new markets, the Istanbul Garment Exporters Association (IHKIB) entered into a collaboration with WRAP (Worldwide Responsible Accredited Production) to promote Turkish garment exports to the US. The...

Business

Investors of Inditex reportedly pressuring company to go public with suppliers

Inditex is said to be facing pressure from investors to make the details of its suppliers public in a bid to better assess supply chain risks. It is understood that many of the Spanish group’s investors are demanding for greater transparency from the firm, according to Reuters, a call that comes at a time when many clothing retailers are keen to...

Comprehensive reporting on sustainability is or will become mandatory: Here's what you need to know about the Corporate Sustainability Reporting Directive (CSRD)

“Traditionally, financial reports have been the main focus of corporate reporting,” explains fashion professional Melissa Wijngaarden. Many companies compile annual reports that recount their activities over the last year. An integral part of this report is the financial statements, which summarize the company's financial situation. This allows...

Business

US introduces new bill to counter Chinese production and encourage local supply

A new US bill is hoping to encourage an increase in circular fashion production in a bid to revive North America’s local supply chain while countering that of China’s. The Americas Trade and Investment Act (or the Americas Act) was introduced by US senators Bill Cassidy and Michael Bennet, as well as US representatives Maria Salazar and Adriano...