Finding Hidden Savings in Transportation Costs

Finding Hidden Savings in Transportation Costs

Can you reduce shipping costs, without compromising on service? AFMS says most companies can. In a market where every cent matters, being able to reduce transportation costs, without sacrificing service, could be a game changer for companies looking for ways to improve their margins.“Logistics has gotten a lot more complicated,” said Ken Asztalos, VP Transportation Strategies at AFMS, a company that provides transportation intelligence.  “Today you need to look at you...
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Down Feather Prices Continue to Take Flight

Down Feather Prices Continue to Take Flight

The rise in materials prices is most visible in fiber prices, with wool prices soaring and cotton making a slower, but steady, march upward.Global market demand has also been putting pressure on goose and duck down supply, and hence prices.Prices climbed around 20 percent from early May 2017, surging 45 percent during the January to June 2017 period and then retreating in October 2017.The price for 80% grey goose down rose from US$39.7/kg in January 2017 to peak at around US$58.4/kg in September...
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5 Things We'll Be Watching in 2018

5 Things We'll Be Watching in 2018

The Right-sizing of Retail In 2017 retailers around the world shuttered thousands of stores.  Headlines in the mainstream media proclaimed that physical stores were falling by the wayside as consumers embraced the digital age and chose to shop online. “Thousands of Stores to Close in 2017” announced headlines in the U.S., with similar proclamations in developed markets around the world.What they conveniently overlooked was the thousands of new stores that opened during the ...
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Being the Cheapest is Becoming Too Expensive for Bangladesh

Being the Cheapest is Becoming Too Expensive for Bangladesh

The race to the bottom is putting the nation’s manufacturers in an increasingly uncompetitive position. Facing continued downward price pressure from international buyers as well as rapid rises in production costs has put Bangladeshi garment suppliers between a rock and a hard place.The nation’s core advantage of being the lowest cost producer has enabled it to beat competitors for the big volume orders.  Unfortunately, volume tends to go hand-in-hand with price sensitivity...
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Next Gen Consumers Head Back to Malls, Big Malls!

Next Gen Consumers Head Back to Malls, Big Malls!

Malls are not dying, they’re simply changing with the times and adapting to a new consumer.Physical retail is not dead, in fact it’s gotten bigger!  In the UK, new ‘Supermalls’ are being touted as the next gen retail format for the next gen consumer.Just when we thought we had it figured out, and were putting all of our retail focus online, consumers do an about face and suddenly malls are back in fashion.Targeting the Millennial shoppers Supermalls are mixed use spa...
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Credit Helps Fuels Russian Consumer Spending Rebound

Credit Helps Fuels Russian Consumer Spending Rebound

As the nation makes its way back from a 2-year recession, shoppers are eager to start spending, even if they have to borrow to do so.Russia’s economy is starting to rebound and consumer purchases are playing a big role in this.  Increasing incomes, low unemployment levels and record low inflation are driving more optimism, which in turn has encouraged consumer spending.After two years of recession, Russia’s retail sales, a key driver of the nation’s economic growth, are ri...
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Recycled Polyester Sees Steady Growth, but Apparel is Not the Key Driver

Recycled Polyester Sees Steady Growth, but Apparel is Not the Key Driver

From a slow start, this eco-friendly material is gaining consumer acceptance, and moving into new categories. Within a decade, sustainable products have evolved from ‘window dressing’ to ‘must haves’ for brands and retailers. One of the core ways that brands are introducing sustainability into their collections is through the use of recycled materials – primarily recycled polyester. Major international brands including Zara, H&M, Marks and Spencer, Levi&rsq...
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Denim Mills See Opportunities in RTW, Chinos and Recycled Fibers

Denim Mills See Opportunities in RTW, Chinos and Recycled Fibers

There’s a reason that the denim industry loves Kingpins and it’s not just the friendly, fun atmosphere or the range of international mills on display.  It’s the fact that the show’s organizers clearly care about the ‘customer experience’ they are offering visitors and exhibitors, and continue to finds ways to make each show just that much better – in ways that buyers and suppliers actually find meaningful.   Expanded trend displays an...
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Chinese Consumers: Young & Optimistic

Chinese Consumers: Young & Optimistic

China’s younger generation is facing the future full of optimism. Unlike their parents and grandparents, for whom saving was essential to ensure survival, this generation feels confident to loosen the purse strings and enjoy the good life a bit.While compared with Millennials in developed markets they are still very cautious spenders, young Chinese are becoming a growing force that will ultimately turn the nation from an export dependent economy to one that is powered by domestic consumer ...
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Why Rising Wages Are Not The Problem They Used to Be

Why Rising Wages Are Not The Problem They Used to Be

In early October, both Cambodia and Myanmar announced plans to raise their minimum wage in 2018. At the time, the usual rumors flared up that rising costs (wages) would make Southeast Asian nations uncompetitive.  Turns out, this might not be entirely true – at least not for all manufacturers.The Cambodia government agreed to raise the monthly minimum wage for workers in the country’s textile and footwear industry by 11 percent to US$170 from January 2018. The nation’s gar...
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