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Sourcing Journal
The textile and apparel industry's hub for news, innovations and trends—with a dash of design inspiration.
Faisal Samad knows exactly why global fashion brands keep coming back to Bangladesh.
As a member of the Bangladesh Garment Manufacturers and Exporters Association’s board of directors, he sees the appeal up close: its massive scale, a growing network of LEED-certified “green” factories and a reputation as a relatively safe bet after rigorous safety reforms in the wake of the Rana Plaza collapse.
But the real draw, Samad said, is even simpler. Bangladesh is cheap—and that, he argues, has long come at suppliers’ expense.
Samad, who is also managing director of Surma Garments, a knitwear manufacturer outside Dhaka, wasn’t surprised by a new report from Public Eye, a Swiss watchdog group, and the Clean Clothes Campaign, a coalition of trade unions and civil society groups.
Using long-term global trade data alongside company-specific figures from retail giants such as Bestseller, Uniqlo buyer Fast Retailing, H&M Group, Primark and Zara owner Inditex, the two organizations found that while nominal prices have edged up in Bangladesh, brands are paying 30 percent less in real terms for a cotton T-shirt than they did 25 years ago—even after adjusting for European inflation.
Read more in link in bio.
Faisal Samad knows exactly why global fashion brands keep coming back to Bangladesh.
As a member of the Bangladesh Garment Manufacturers and Exporters Association’s board of directors, he sees the appeal up close: its massive scale, a growing network of LEED-certified “green” factories and a reputation as a relatively safe bet after rigorous safety reforms in the wake of the Rana Plaza collapse.
But the real draw, Samad said, is even simpler. Bangladesh is cheap—and that, he argues, has long come at suppliers’ expense.
Samad, who is also managing director of Surma Garments, a knitwear manufacturer outside Dhaka, wasn’t surprised by a new report from Public Eye, a Swiss watchdog group, and the Clean Clothes Campaign, a coalition of trade unions and civil society groups.
Using long-term global trade data alongside company-specific figures from retail giants such as Bestseller, Uniqlo buyer Fast Retailing, H&M Group, Primark and Zara owner Inditex, the two organizations found that while nominal prices have edged up in Bangladesh, brands are paying 30 percent less in real terms for a cotton T-shirt than they did 25 years ago—even after adjusting for European inflation.
Read more in link in bio.
A broad coalition of nearly 70 fashion and textile businesses—from mega-brands like H&M Group, Primark and Inditex to secondhand marketplaces such as ThredUp, Vestiaire Collective and Vinted to think tanks including Fashion for Good, Global Fashion Agenda and Policy Hub—have banded together with a single purpose: to urge the United States, Canada and the European Union to implement policy changes that would help circular business models such as repair and resale reach their full potential.
In a statement organized by the Ellen MacArthur Foundation, the signatories call for what they describe as “decisive policy leadership” to remove economic barriers that prevent a circular fashion economy from scaling. Beyond a moral appeal, they argue that resale and repair present an “unrivalled opportunity” for businesses to remain “competitive, desirable and resilient” by driving growth that uses fewer resources, generates fewer emissions and creates jobs in repair, sorting, logistics and retail.
Read more in link in bio.
A broad coalition of nearly 70 fashion and textile businesses—from mega-brands like H&M Group, Primark and Inditex to secondhand marketplaces such as ThredUp, Vestiaire Collective and Vinted to think tanks including Fashion for Good, Global Fashion Agenda and Policy Hub—have banded together with a single purpose: to urge the United States, Canada and the European Union to implement policy changes that would help circular business models such as repair and resale reach their full potential.
In a statement organized by the Ellen MacArthur Foundation, the signatories call for what they describe as “decisive policy leadership” to remove economic barriers that prevent a circular fashion economy from scaling. Beyond a moral appeal, they argue that resale and repair present an “unrivalled opportunity” for businesses to remain “competitive, desirable and resilient” by driving growth that uses fewer resources, generates fewer emissions and creates jobs in repair, sorting, logistics and retail.
Read more in link in bio.
The European Union approved the implementation of its long-delayed trade deal with the U.S. early Wednesday, setting the stage for the agreement’s ratification ahead of a July 4 deadline.
After more than five hours of overnight talks in France, representatives from the European Parliament, the Council of the EU and the European Commission agreed to enact the deal, first struck last summer in Scotland.
Under the “Turnberry Agreement” trade pact, Brussels would end import tariffs on industrial and farm goods and grant preferential market access to U.S. farm and seafood produce, while Washington would put a 15 percent duty on nearly all European exports.
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The European Union approved the implementation of its long-delayed trade deal with the U.S. early Wednesday, setting the stage for the agreement’s ratification ahead of a July 4 deadline.
After more than five hours of overnight talks in France, representatives from the European Parliament, the Council of the EU and the European Commission agreed to enact the deal, first struck last summer in Scotland.
Under the “Turnberry Agreement” trade pact, Brussels would end import tariffs on industrial and farm goods and grant preferential market access to U.S. farm and seafood produce, while Washington would put a 15 percent duty on nearly all European exports.
Read more in link in bio.
EU officials gathered in Strasbourg, France late Tuesday with hopes to compromise on terms that would finalize the bloc’s trade deal with the U.S. ahead of President Donald Trump’s July 4 deadline.
Earlier this month, President Trump threatened to escalate tariffs on European auto imports to 15 percent from 25 percent because the EU hadn’t moved quickly enough to implement provisions agreed upon within the handshake trans-Atlantic trade deal struck in Scotland last July.
“A deal is a deal,” the U.S. mission to the EU posted on X ahead of the meeting, saying the bloc “must live up” to the initial agreement, which applied a baseline 15 percent tariff on nearly all EU goods.
Read more in link in bio.
EU officials gathered in Strasbourg, France late Tuesday with hopes to compromise on terms that would finalize the bloc’s trade deal with the U.S. ahead of President Donald Trump’s July 4 deadline.
Earlier this month, President Trump threatened to escalate tariffs on European auto imports to 15 percent from 25 percent because the EU hadn’t moved quickly enough to implement provisions agreed upon within the handshake trans-Atlantic trade deal struck in Scotland last July.
“A deal is a deal,” the U.S. mission to the EU posted on X ahead of the meeting, saying the bloc “must live up” to the initial agreement, which applied a baseline 15 percent tariff on nearly all EU goods.
Read more in link in bio.
“This is like if SeaWorld bought PETA.”
That was fashion designer Camille Witt (@kindof_camille), reacting on Instagram to a Puck News report that ethical DTC brand Everlane is being sold—some say “sold out”—to ultra-fast-fashion giant Shein for $100 million.
Laura Norkin, a former longtime InStyle editor, was more succinct.
“Haha gross,” she wrote as @inlauraswords.
The bombshell from Puck’s fashion correspondent Lauren Sherman landed as the industry was still reeling from another unexpected Bay Area shock: Allbirds’ pivot away from footwear. Last month, the company said it would switch to providing computing power to AI developers after offloading its footwear business for $39 million, less than 1 percent of its previous $4 billion valuation.
Read more in link in bio.
“This is like if SeaWorld bought PETA.”
That was fashion designer Camille Witt (@kindof_camille), reacting on Instagram to a Puck News report that ethical DTC brand Everlane is being sold—some say “sold out”—to ultra-fast-fashion giant Shein for $100 million.
Laura Norkin, a former longtime InStyle editor, was more succinct.
“Haha gross,” she wrote as @inlauraswords.
The bombshell from Puck’s fashion correspondent Lauren Sherman landed as the industry was still reeling from another unexpected Bay Area shock: Allbirds’ pivot away from footwear. Last month, the company said it would switch to providing computing power to AI developers after offloading its footwear business for $39 million, less than 1 percent of its previous $4 billion valuation.
Read more in link in bio.
President Donald Trump departed Beijing after a whirlwind two-day summit with Chinese President Xi Jinping.
Trade was expected to be a top line item on the itinerary for the long-awaited visit, but between the expressions of admiration and vague promises of collaboration exchanged by both leaders, few details emerged about the future of the bilateral trade relationship.
While they touched on many issues, from the war in Iran to the United States’ stance on Taiwan, the meetings did not yield new trade deals or an extension of the framework Trump and Xi agreed to last October, which will expire in November 2026.
Read more in link in bio.
President Donald Trump departed Beijing after a whirlwind two-day summit with Chinese President Xi Jinping.
Trade was expected to be a top line item on the itinerary for the long-awaited visit, but between the expressions of admiration and vague promises of collaboration exchanged by both leaders, few details emerged about the future of the bilateral trade relationship.
While they touched on many issues, from the war in Iran to the United States’ stance on Taiwan, the meetings did not yield new trade deals or an extension of the framework Trump and Xi agreed to last October, which will expire in November 2026.
Read more in link in bio.
President Donald Trump’s first second-term visit to Beijing to meet with Chinese President Xi Jinping kicked off with a full day of discussions about how the two world superpowers will navigate an increasingly volatile global geopolitical landscape that has thrown trade and diplomatic relations into a state of upheaval.
In Xi’s estimation, the biggest question facing the United States and China amounts to whether they can “transcend the ‘Thucydides Trap’” to “pioneer a new paradigm for major-country relations.”
The Chinese leader was referring to a theory based in the writings of the Greek historian: That the growth and success of a rising power (in this case, China) can appear threatening to an established ruling power (like the U.S.), setting two titans on a path toward war and destruction if such an outcome isn’t thoughtfully thwarted through diligent diplomacy.
Read more in link in bio.
President Donald Trump’s first second-term visit to Beijing to meet with Chinese President Xi Jinping kicked off with a full day of discussions about how the two world superpowers will navigate an increasingly volatile global geopolitical landscape that has thrown trade and diplomatic relations into a state of upheaval.
In Xi’s estimation, the biggest question facing the United States and China amounts to whether they can “transcend the ‘Thucydides Trap’” to “pioneer a new paradigm for major-country relations.”
The Chinese leader was referring to a theory based in the writings of the Greek historian: That the growth and success of a rising power (in this case, China) can appear threatening to an established ruling power (like the U.S.), setting two titans on a path toward war and destruction if such an outcome isn’t thoughtfully thwarted through diligent diplomacy.
Read more in link in bio.
The Panama Canal is seeing a revenue bump amid the concerns driven by the Iran war as shipping companies continue to skirt the Strait of Hormuz.
Revenue at the canal has grown between 10 percent and 15 percent since the start of the conflict in late February, Panama Canal Authority (ACP) chief financial officer Victor Vialtold the Financial Times.
The revenue bump stems from an acceleration in bookings, with the ACP already confirming that one company paid $4 million to pass through the canal.
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The Panama Canal is seeing a revenue bump amid the concerns driven by the Iran war as shipping companies continue to skirt the Strait of Hormuz.
Revenue at the canal has grown between 10 percent and 15 percent since the start of the conflict in late February, Panama Canal Authority (ACP) chief financial officer Victor Vialtold the Financial Times.
The revenue bump stems from an acceleration in bookings, with the ACP already confirming that one company paid $4 million to pass through the canal.
Read more in link in bio.
President Donald Trump will travel to Beijing this week to meet with President Xi Jinping, marking the first visit to China by a United States president in almost a decade and the first in-person meeting between the two leaders since October.
The Leaders’ Summit, which was originally planned for late March or early April, was postponed due to the war in Iran and its rescheduling was announced over the weekend. The face-to-face meeting could set the U.S. and China on a path to repairing trade relations that have come under intense strain over the past year—or, it could solidify the competing ambitions of two world superpowers.
With the talks slated for Thursday and Friday, the heads of state are expected to explore points of contention both recent and longstanding. The ongoing Middle East conflict, China’s relationship with Taiwan and, of course, tariffs are on the docket.
Read more in link in bio.
President Donald Trump will travel to Beijing this week to meet with President Xi Jinping, marking the first visit to China by a United States president in almost a decade and the first in-person meeting between the two leaders since October.
The Leaders’ Summit, which was originally planned for late March or early April, was postponed due to the war in Iran and its rescheduling was announced over the weekend. The face-to-face meeting could set the U.S. and China on a path to repairing trade relations that have come under intense strain over the past year—or, it could solidify the competing ambitions of two world superpowers.
With the talks slated for Thursday and Friday, the heads of state are expected to explore points of contention both recent and longstanding. The ongoing Middle East conflict, China’s relationship with Taiwan and, of course, tariffs are on the docket.
Read more in link in bio.
Import volume at major U.S. container ports is expected to remain below last year’s levels into early fall amid a rocky macroeconomic and geopolitical landscape, according to the National Retail Federation (NRF).
“With inflation rising and consumer confidence falling among global economic uncertainty driven by the conflict in Iran, the overall trend of lower imports is expected to continue after that,” said Jonathan Gold, vice president for supply chain and customs policy at the NRF, in a statement.
According to the Global Port Tracker report released by the NRF and trade consultancy Hackett Associates, inbound cargo volume is expected to see a significant, but “skewed” year-over-year bump in May and June. But annual declines will linger from July through September.
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Import volume at major U.S. container ports is expected to remain below last year’s levels into early fall amid a rocky macroeconomic and geopolitical landscape, according to the National Retail Federation (NRF).
“With inflation rising and consumer confidence falling among global economic uncertainty driven by the conflict in Iran, the overall trend of lower imports is expected to continue after that,” said Jonathan Gold, vice president for supply chain and customs policy at the NRF, in a statement.
According to the Global Port Tracker report released by the NRF and trade consultancy Hackett Associates, inbound cargo volume is expected to see a significant, but “skewed” year-over-year bump in May and June. But annual declines will linger from July through September.
Read more in link in bio.
Maersk says it must find a way to pass through $500 million in extra monthly costs to customers amid escalating fuel prices since the start of the war in Iran.
However, CEO Vincent Clerc says the ocean carrier has been recovering the added costs in full through higher spot freight rates and surcharges for contracted customers, ensuring the company has thus far incurred a “limited financial impact” from the conflict.
This enabled Maersk to maintain its full-year financial guidance, which forecasts an operating profit ranging between a $1.5 billion loss and $1 billion in income.
Read more in link in bio.
Maersk says it must find a way to pass through $500 million in extra monthly costs to customers amid escalating fuel prices since the start of the war in Iran.
However, CEO Vincent Clerc says the ocean carrier has been recovering the added costs in full through higher spot freight rates and surcharges for contracted customers, ensuring the company has thus far incurred a “limited financial impact” from the conflict.
This enabled Maersk to maintain its full-year financial guidance, which forecasts an operating profit ranging between a $1.5 billion loss and $1 billion in income.
Read more in link in bio.
The first of two days of hearings with retail trade associations and supply chain stakeholders took place on Tuesday in Washington as a part of the office of the United States Trade Representative’s Section 301 investigations into excess industrial capacity across 16 foreign economies.
Launched in March along with a separate Section 301 investigation into alleged forced labor in supply chains across 60 countries, the probe focuses on whether U.S. trading partners are leveraging production capacity that exceeds the demands of the international market. The USTR is investigating the unfair advantages and government interventions, like subsidies, that play into the creation and maintenance of bloated manufacturing sectors.
Read more in link in bio.
The first of two days of hearings with retail trade associations and supply chain stakeholders took place on Tuesday in Washington as a part of the office of the United States Trade Representative’s Section 301 investigations into excess industrial capacity across 16 foreign economies.
Launched in March along with a separate Section 301 investigation into alleged forced labor in supply chains across 60 countries, the probe focuses on whether U.S. trading partners are leveraging production capacity that exceeds the demands of the international market. The USTR is investigating the unfair advantages and government interventions, like subsidies, that play into the creation and maintenance of bloated manufacturing sectors.
Read more in link in bio.
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