The sector that leads the ranking of the biggest corporate operations that exceed the one billion dollars mark is health, according to the latest report published by the American consultancy, Bain & Company.
Poland and the Czech Republic have increased their fashion sales abroad by 104% and 99.16%, respectively, in the last ten years.
The World Trade Organization (WTO) has explained that the volume of world merchandise trade fell by 0.2% in the third quarter of 2019.
Fashion commerce in the British market has changed course in the first month of the year following the 3% decline in December.
The Asian country is the second-largest focal point of the coronavirus epidemic, where the Diamond Princess cruise ship is docked and holds a hundred infected individuals.
In January, the country's fashion exports registered a year-on-year increase of 5.8%, according to the latest data from the Istanbul Apparel Exporters Association (Ihkib).
From factories to fairs, the epidemic has put the entire value chain of the fashion business in check, and its impact is still uncertain.
Vietnam recorded a 9.6% increase in its fashion exports to North America while Bangladesh’s sales to the US market plummeted by 1.8% in the last year.
Shaw is a fashion sourcing consultant with an extensive experience in the fashion industry, especially in the region of Africa. The consultant works with small and medium sized enterprises and even government organizations who seek to start a business in Africa.
As of mid-August, the Asian country will have to apply charges on exports of certain clothing and footwear products.
From the 413 million tons of cellulose fiber that is produced annually, 184 million tons come from virgin wood fiber.
Logistic restrictions have been implemented due to the epidemic put production and shipments in check from the largest clothing factory in the world. The country exports 157.8 billion dollars in clothing each year.
American fashion groups have gone from having a 50% share in the top ten fashion retailers to 40% according to the Global Powers of Retailing, which features 250 largest retailers across the world.
Groups like Nike, Burberry or Capri, which have one of their main markets in China, have already anticipated the impact that the crisis will have on their annual accounts.
News on the latest macroeconomic indicators related to the textile- and fashion industry worldwide.
