Leading fashion players implement circular systems in Bangladesh
UNB
12th February, 2021 04:36:58
Over 30 renowned fashion brands, manufacturers and recyclers are collaborating in a new initiative to capture and reuse textile waste in Bangladesh.
Global Fashion Agenda on Thursday announced the participants of the Circular Fashion Partnership, including the global brands Bershka, Bestseller, C&A, Gina Tricot, Grey State, H&M Group, Kmart Australia, Marks & Spencer, OVS, Pull & Bear, Peak Performance and Target Australia.
The Circular Fashion Partnership is a cross-sectorial project led by Global Fashion Agenda, with partners Reverse Resources, The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and P4G, that aims to achieve a long-term, scalable transition to a circular fashion system.
COVID: Bangladesh s textile industry hit hard by pandemic
Bangladesh s garment manufacturers and workers are suffering as the coronavirus pandemic has soured long-term demand and big fashion brands continue to cancel orders.
The EU is the top importer of garments from Bangladesh
In 2020, textile exports from the South Asian nation dropped by nearly 17%. Shipments to Europe, which is the destination for 60% of Bangladesh s garment exports, recorded a significant decline of just under 19%.
There hasn t been any uptick in demand and exports so far this year, the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) said. Apparel exports declined by 5.83% year-over-year in January, Rubana Huq, president of the association, told DW.
H&M Group, Marks & Spencer, and C&A are among more than 30 brands, manufacturers and recyclers that are taking part in a new initiative to capture and reuse textile waste in Bangladesh. related to Apparel, Fibres & fabrics, Manufacturing, Social & environmental responsibility, Sourcing, Technology, H&M, Marks & Spencer, C&A,
What recovery? Clothes retailers cut orders while factories fight to survive
Clothes retailers in Europe and America sit on excess inventory and cut back on spring orders. Sourcing agents face late payments. Garment factories in Bangladesh are on the rack.
The global apparel industry, reeling from a punishing 2020, is seeing its hopes of recovery punctured by a new wave of COVID-19 lockdowns and patchy national vaccine rollouts.
Some major retailers are still nursing last year’s clothes, which would have been sold off in clearance sales in normal times. British chain Primark, for example, told Reuters it was housing around 150 million pounds ($205 million) worth of 2020 spring/summer stock and 200 million pounds from autumn/winter.
Denim Expert bagged the World Economic Forum s New Champion Award for its exemplary sustainable practices
While Covid-19 dealt a body blow to Bangladesh s apparel industry last year, one fast-expanding segment fared surprisingly well: denim. The country now holds the top supplier spot for blue denim apparel to both the US and EU.
The South Asian country has been the largest exporter of jeans clothing to the European Union (including the UK) for the past few years, according to Eurostat data. But in 2020 it was also the largest overseas supplier of denim to the US by value, elbowing out Mexico, according to US trade data.