Rising costs and changing from ship to plane to avoid port collapse have led the industry to expect three more months of falling margins. Adidas estimates a € 500 million impact in the second half of the year.
The employees of the manufacturing hubs in Asia are earning by 25% less than a year ago and many of them had to get into debt to survive.
Organic cotton has become a synonym for sustainability, but several scandals with fake certifications in India and forced labor in China question this raw material.
News on the latest macroeconomic indicators related to the textile- and fashion industry worldwide.