The global fashion business journal
Jun 1, 202311:37am
The European Apparel and Textile Organization reclaims “reality checks” and close monitoring of the implementation of the strategy, claiming that the EU has “failed to deliver” on previous plans.
Year-on-year, the economy of the eurozone grew by 1%, while the whole European Union expanded 1.3%.
International benchmark Brent crude plunged 31% yesterday, reaching 33 dollars. However, previous fluctuations didn’t have an impact on fashion, despite it’s a sector dependent on oil throughout all its value chain.
The investment will be made between 2021 and 2024 to help companies and workers affected by the coronavirus outbreak. The Government has also eased rules for short-term work compensation.
The Japanese economy has shrunk at its biggest pace in more than five years, according to the last revision by the Japan’s Finance Ministry.
30% of the global production of nylon 66, one of the most common in the textile industry, derive from the isolated regions by the government in Italy.
The movement of orders to countries of the Euro-Mediterranean pool is triggering a rise in prices from the part of suppliers.
The United Nations Organization (UN) also estimates that the impact of the crisis on total exports reaches 50 billion dollars.
The transfer to the Asian country of large productions with broken deadlines owing to the crisis in China is causing great chaos in Bangladesh.
The International Cotton Advisory Council (ICAC) expects world cotton stocks to decline to eighteen million tonnes in 2019-2020.
Trump administration continues to apply an “aggressive” strategy of launching new agreements while advocating changes in the World Trade Organization (WTO).
The Philippines is preparing a roadmap for the textile garment industry that will serve for the period of 2020-2029.
International giants fear that the stoppage imposed as a precautionary measure to the expansion of the coronavirus may affect their supply chains, according BDO.
Due to the outbreak of the virus, Mexican textile, the main hub in proximity to the United States, is starting to become a refuge to quickly cover an international demand.
News on the latest macroeconomic indicators related to the textile- and fashion industry worldwide.