Tadashi Yanai, chairman and president of Fast Retailing, said on March 28 that there is “no chance” of US production for the company – probably the first time any Top 20 global apparel retailer has come out and denied the possibility of US production.
Growing geo-political tensions, polarisation and populism could lead to possible disruption in international trade in clothing, the International Apparel Federation (IAF) has warned.
“Between one-third and three-quarters of Leicester’s textiles factories are exploiting workers” claimed prominent Labour MP Harriet Harman while visiting Leicester garment factories on March 1
Towards the end of February, more clarity began to emerge about the UK’s policy on migration from the EU after it leaves in spring 2019.
Speaking on Gildan’s 2016 earnings call on February 23, the company’s executive vice president Rhodri Harries said Gildan has, since acquiring American Apparel, begun “leveraging our manufacturing network, while at the same time working on a supply chain to also support Made in the USA product”.
In fairness, the actual story consists of:
Taiwan’s Makalot announced on February 9 a double-edged policy on the US in its 2017 “$5 bn – $10 bn” worldwide investment plans.
I think the biggest event of 2016 for our industry was the outright opposition to international trade on which America’s Republican Party campaigned successfully in the Congressional elections.
Taiwan’s Eclat Textile, the country’s largest apparel manufacturer, announced on December 8 it was closing its last Chinese production plant.
The Everest Textile subsidiary of Taiwan’s Far Eastern Group announced on December 6 it would invest $18.5 million in a new manufacturing plant in Forest City, North Carolina, creating 610 jobs over five years
While American voters were confounding practically all observers on November 8, on the other side of the Atlantic Britain’s Marks & Spencer unveiled a strategy that may be designed for a post-Brexit, post-Trump world.
Despite years of widely denied decline, British garment-making showed serious signs of a revival in the second half of 2015.
The New York State plant formerly known as New Buffalo Shirt Factory will close on June 1, eliminating about 80 jobs.
In the April 3 Sourcing Journal Online, I look at the continuing fall in US apparel making jobs.
Accountancy company Ernst & Young concluded in a February 16 report that “there is unlikely to be a significant reshoring impact” in volume garment making. But it still insisted more government spending, and lower taxes, were “urgent” to exploit an opportunity it failed to identify.