Europe’s first fashion social commerce platform, Trendy (www.trendy.guru) has been launched.
Browsing: Industry Update
The African Development Bank (AfDB) has recently launched ‘Fashionomics’, the economy of fashion initiative during the Bank’s 2015 Annual Meeting to boost micro, small and medium-sized businesses (MSMEs) in the fashion and textile industry in Africa.
India and China are going to be the most coveted markets by 2030 and it is clear that the US will be replaced by China as the world’s biggest apparel market and India will not be far behind, according to Euromonitor International.
Garment exports from Vietnam has been falling in the recent past. For example, Thanh Cong Garment, one of a few Vietnamese garment companies that owns a yarn – fabric – garment production line that has a strong demand from South Korea and the US, has seen a contracts decrease considerably from foreign partners in the first six months of the year.
The UK has launched a programme to support its textile sector. The programme is aimed at businesses within the textiles sector and covers manufacturers from carpets to clothing, as well as industry suppliers, such as textile machinery manufacturers and designers.
Smart textiles are creating a fourth industrial revolution for the textiles and fashion industry worth over $130 billion by 2025, according to the recent report from technology consultancy Cientifica.
Textile Commissioner, Dr Kavita Gupta, set the tone for the 6th Annual General Meeting and the Knowledge Sharing Session of the Indian Technical Textile Association, held at the Mumbai Cricket Association, Bandra-Kurla Complex in Mumbai recently.