news and information tailored for textile and soft goods executives
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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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Chinese Yuan Goes Up; Exporter Profits Go Down
Chinese exporters in the country's Pearl River Delta are trying to squeeze profits from their exports now that the Yuan has risen against the U.S. dollar. Although orders for April have spiked in the delta region, margins are now thinner because of … [Read More...]
Apparel Prices Fall for First Time in Two Years
Apparel prices fell in April for the first time since March 2011, according to Consumer Price Index Data released yesterday by the U.S. Department of Commerce. Most of the decline was due to a plunge in childrenswear prices. Menswear prices bucked … [Read More...]
Penney Pitches Lenders; Needs More Cash For Rebuilding
J.C. Penney's CEO Mike Ullman says he needs more cash for operations, renovations and rebuilding the company's competitiveness in a dog-eat-dog retailing market. Ullman, formerly Penney's top executive, takes back the CEO's chair after a 25 percent … [Read More...]
Asulia Apparel Factories Reopen Friday
Apparel factories in Ashulia Industrial belt will be reopened on Friday after three days of indefinite shutdown enforced by the owners amid labor unrest. The owners announced the decision Thursday as the government assured that they could provide … [Read More...]
Breaking Down the New Accord on Fire and Building Safety in Bangladesh
A lot of ink has been spilled about the new Accord on Fire and Building Safety in Bangladesh, and two-dozen firms have signed on, but what does the agreement actually say? Gap has refused to sign because of a dispute resolution provision that it … [Read More...]