Top Textile & Fashion Stories of This Week | 19th to 25th July 2019 | Fibre2Fashion


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1: Global growth continues to remain subdued: IMF

Global economic growth continues to remain subdued, and global growth is forecast at 3.2 percent in 2019, picking up to 3.5 percent in 2020 (0.1 percentage point lower than in the April WEO projections for both years), according to the International Monetary Fund (IMF). GDP releases so far this year point to weaker-than-anticipated global activity.

2: TRABAHO Bill to see Philippine garment unit layoffs: study

The labour-intensive garment manufacturing industry in the Philippines, which employs around 250,000, has warned of massive layoffs, with immediate impact on small companies, if the current Tax Reform for Attracting Better and Higher-quality Opportunities (TRABAHO) Bill is passed into law, according to a survey conducted in September last year by the Confederation of Wearable Exporters of the Philippines (CONWEP).

3: Apparel has the most potential to raise exports to the UK: Report

Apparel has the biggest potential to raise Sri Lanka’s exports to the United Kingdom, according to a new report on Sri Lanka-British trade. Bilateral ties between the two countries have grown over the last two decades, with average bilateral trade volumes in the last ten years topping $1.4 billion. The trade balance has been in favour of Sri Lanka.

4: Walmart playing ‘catch up’ in e-com, CEO admits

Walmart chief executive officer (CEO) Doug McMillon recently admitted the company has some major adjustments to make to keep up with its rivals’ e-commerce game. “…We fell behind and have been playing catch up and have been doing a number of things to accelerate that progress,” McMillon told the Fortune’s Brainstorm Tech conference in Aspen, Colorado.

McMillion argued that retail has evolved into an omnichannel world, where Walmart’s 11,300 stores are a benefit.

5: APPG for sustainable clothing, textiles launched in the UK

An All-Party Parliamentary Group (APPG) has been formed by British parliament members from all sides of the political spectrum to inquire into the sustainability of the apparel and textiles industry, including supply chains, materials used and consumer behaviour. This follows the government’s response to a recent report by the Environmental Audit Committee. The committee’s report was titled ‘Fixing fashion: clothing consumption and sustainability’.

6: ILO, Gap launch project to improve Bangla RMG sector ties

Description: The International Labour Organisation (ILO) and Gap Inc. late last month launched a joint initiative in Dhaka to strengthen social dialogue and industrial relations in Bangladesh’s garment sector. The three-year initiative, the ILO Bangladesh Social Dialogue Project, will be implemented by the ILO in all factories that Gap Inc. sources from in Bangladesh.

7: Several firms collaborate in circular fashion initiative

The development of a new industry tool called CircularID, which could greatly improve transparency and communication throughout fashion supply chains, was recently backed by H&M, Target, PVH Corp, Microsoft, and several other sustainable fashion organizations ahead of its launch in November. The tool has been designed to help re-commerce companies scale.

8: Inditex to move to organic cotton, linen by 2025

Inditex has spelled out major sustainability targets which it aims to achieve in the near future. By 2025, it will only use cotton, linen, and polyester that is organic, more sustainable or recycled. Cotton, linen, and polyester –together with viscose, which will reach this target by 2023- constitute 90 percent of the raw materials purchased by the group.

9: MIT, FIT collaborate on advanced fibres and technology

MIT and the Fashion Institute of Technology are working on advanced fibres and technology to produce innovative textiles. The aim is to enable a manufacturing-based transformation of traditional fibres, yarns, and textiles into sophisticated, integrated, and networked devices and systems. The projects include biodegradable shoe and intuitive textiles.
global economic growth continues to remain subdued and global growth is forecast at 3.2 percent in 2019 picking up to three point five percent in 2020 that is 0.1% point lower than the April weo projections for both years according to the International Monetary Fund GDP releases so far this year point to weaker than anticipated global activity the labor-intensive garment manufacturing industry in the Philippines which employs around 250,000 has warned of massive layoffs with immediate impact on small companies if the current tax reform for attracting better and higher quality opportunities bill is passed into law according to a survey conducted in September last year by the Confederation of variable exporters of the Philippines a parent has the biggest potential to raise Sri Lanka's exports to the United Kingdom according to a new report on Sri Lanka British trade bilateral ties between the two countries have grown over the last two decades with average bilateral trade volumes in the last 10 years topping 1.4 billion dollars the trade balance has been in favour of Sri Lanka Walmart chief executive officer doc Macmillan recently admitted the company has some major adjustments to make to keep up with its rivals ecommerce game I quote we fell behind and have been playing catch-up and have been doing a number of things to accelerate that progress I uncaught Macmillan told the fortunes brainstormed tech conference in Aspen Colorado an all-party parliamentary group has been formed by British Parliament members from all sides of the political spectrum to inquire into the sustainability of the apparel and textile industry including supply chains materials used and consumer behavior this follows the government's response to a recent report by the environmental audit committee the committee's report was titled fixing fashion clothing consumption and sustainability the International Labour Organization and gap late last month launched a joint initiative in Dhaka to strengthen social dialogue and industrial relations in Bangladesh's garment sector this three-year initiative the ILO Bangladesh social dialogue project will be implemented by the ILO in all factories that gap sources from Bangladesh the development of a new industry tool called circular ID which could greatly improve transparency and communication throughout fashion supply chains was recently backed by H&M target pbh Corp Microsoft and several other sustainable fashion organizations ahead of its launch in November the tool has been designed to help recom US companies kill indi Tex has spelt out major sustainability targets which it aims to achieve in the near future by 2025 it will only use cotton linen and polyester that is organic more sustainable or recycled cotton linen and polyester together with whiskers which will reach this target by 2023 constitute 90% of the raw materials purchased by the group MIT and the Fashion Institute of Technology are working on advanced fibers and technology to produce innovative textiles the aim is to enable a manufacturing based transformation of traditional fibers yarns and textiles into sophisticated integrated and networked devices and systems the projects in cube biodegradable shoe and intuitive textiles you

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