Inside Sourcing | Sept. 24 – Inside Fashion Live!

There is not one brand that has told Inside Fashion that this is anything other than an “impossible situation” that will be difficult to comply with - and as difficult to regulate by governments. Still, brands are scrambling to find ways to be prepared.

September 2024

Then vs Now: For the garment industry to grow revenue by $1 billion in the past, it needed to recruit 100,000 more workers. Today it only needs about 20,000 - 30,000 workers.

- Lê Tiến Trường, chairman of Vietnam Textile and Garment Group (Vinatex)

USA Cotton Apparel Imports H1 2024

USA MMF Apparel Imports H1 2024

Country Updates

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THE SITUATION IN SEPTEMBER

What many sourcing directors had long feared – a crisis in Bangladesh – came to pass in late July and early August, when political upheaval shut down businesses for about a week.

For brands that were heavily dependent upon Bangladesh, it was ‘worst nightmare come true’.

And yet, while Bangladesh has more ‘potential points of failure’ than some of the other sourcing nations, Bangladesh has shown where it shines is in resiliency.