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NEW Report From Sourcing Journal and TradeCard Helps Brands and Retailers Implement Sourcing Strategies in the Americas.
The report explores opportunities and challenges that exist for retailers and brands seeking to diversify their sourcing portfolios and produce goods closer to home.
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Supply Chain Transparency, Vendor Compliance and Factory Safety: What You Need to Know
Brands and retailers have historically based their sourcing decisions on a combination of price, quality and on-time delivery. However, following the Tazreen tragedy, factory safety is now at the top of the list – as well as transparency on use of subcontractors, compliance with CPSIA and the California Transparency in Supply Chain Acts, and other regulations. How can companies take the necessary steps to ensure worker safety and comply with regulatory and social mandates?
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The Next Frontier of Sourcing: As China Looks West, Should Sourcing Executives Follow?
Sourcing in China is getting more expensive. Wages are rising in all provinces and relocating to the interior is difficult and costly. Manufacture of many goods is moving away from China, to an emerging basket of countries, with each offering unique advantages and disadvantages. They all share low wages and they all lack the sort of industry clustering that has made China such a comparatively obvious place to do business.
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Many US Retailers Won’t Sign Bangladesh Safety Agreement But More Than 30 European, US and Other Retailers Did
In the wake of several fatal garment factory disasters in Bangladesh, most recently the collapse of the complex at Rana Plaza, more than 30 retailers signed a legally binding, five-year fire and safety improvement agreement. The agreement is … [Read More...]
Penney CEO Mike Ullman to Wall Street: Our Business Prospects Remain Strong
Successful CEOs need a positive attitude and loads of confidence, but sometimes unrelenting optimism is just not warranted. Ron Johnson, former CEO of J.C. Penney discovered that truism. And now Penney's new and former CEO, Myron, "Mike" Ullman … [Read More...]
H&M Clothes Tied to Cambodian Factory Collapse
Fast fashion retailer H&M revealed Tuesday that it had clothing in the Cambodian factory where 23 people were injured in an accident Monday. The retailer also said that the orders had been placed at the factory without their knowledge, … [Read More...]
Report Shows Doubling Wages Would Add Pennies to T-Shirt
Using figures supplied by textile workers' unions in Bangladesh, the Trades Union Congress (TUC) calculated that doubling wages from the minimum wage of $41.50 per month would only add 4 cents to the cost of an average t-shirt. The figure is based on … [Read More...]
Guest Editorial: Beanie Baby or Barbie? How to Spot the Difference between Fads and Trends
How can potential investors tell if a product is more Vera Bradley bag or mismatched socks, Atkins or organic? The investment can be profitable either way, but knowing the difference upfront will help determine the correct multiple and drive … [Read More...]