The worldwide textile industry has been going through a mixed phase for some time now. The after-effect of the Rana Plaza incident in Bangladesh a few months back is creating a stir in the textile world. Factory building inspections begin this month. On the other hand, the textile governing body in Bangladesh has decided to relocate a large number of factories to other places. The latest apparel news is about increase in the Consumer Price Index (CPI) for apparel and footwear by 0.6%, which is the third consecutive monthly increase as per the data provided by the US Bureau of Labor Statistics.
All of the updates and developments about the clothing industry are important since they leave an impact on the future trending of the apparel industry. Frequent news feeds provide industry-related information to relevant people so they can decide upon the future course of action.
Some of the key apparel news categories are below:
1. Security & Safety Updates
Industry security and safety have been a major concern, especially in the Southeast Asian countries which are the hubs for manufacturing textile products. Any untoward incident in those countries invariably affects the textile markets across the globe.
2. News on Labor Unrest & Wages
Labor unrest at the factories disrupts production as well as delays export/import of textile products. Most of the labor protests are due to wage and safety issues at the factories, and this kind of turmoil can severely impair production in the industry.
3. News Feeds on Manufacturing Cost, Price and Trending
The manufacturing cost, pricing and the industry trends are inter-related. For example, any increase in the manufacturing cost due to costly imported raw materials leads to higher retail prices. This in turn will affect the consumer behavior as consumers would look for cheaper options. So, having updates on these issues are imperative for the B2B business. An online news journal on textile captures latest updates and brings them to the relevant industry people.
4. Apparel Export/Import Statistics
A very significant portion of the global textile business revolves around export/import of apparel products to fulfill the demand of the international market. Any change in tariff policy or compliance regulations can affect export/import feasibility of a country.
5. News on Apparel Retail Market
Apparel retail has a vast market around the world, and some of the retail giants have hundreds of retail stores in various countries employing thousands of people. Much is at stake due to huge investments in terms of money and manpower. Hence, regular updates on this industry should not be missed.
The fast-growing apparel industry is both labor and technology intensive. The retail market is driven by its market variability as well. To keep up with this ever-changing market, a reliable online textile journal is quite essential.