700% Increase in Freight Rates
Red Sea Crisis Turning Out to be a Big Nightmare Amidst soaring tensions and geopolitical strife, global exporters find themselves navigating treacherous waters as freight...
Tag : Crisis
Shipments to the US Disrupted Due to Red Sea Crisis
A lot of retailers in the US are facing shortage of stocks because of disruptions in the Red Sea. Attack on vessels in the Red...
China Sees Slowdown in Exports
Between January and May 2023, China’s overall exports of textiles, clothing and accessories totalled $118.202 billion. This marked a decline of 5.26% per cent compared...
Orders from US, EU, UK Slowdown, Exporters in Crisis
The apparel industry is going through one of the most challenging times. The impact of recession, post covid slowdown, war in Ukraine and inflation in...
Rising Supply Chain Issues Prompts Closer Sourcing
Labor shortages due to Covid outbreaks, higher freight costs and the uncertainty related to the reports of forced labour in China’s Xinjiang region is prompting...
Supply Chain Crisis Might Worsen Due As Russia Ukraine Enters War
The Russia-Ukraine military conflict will have an implication on the country’s trade as it would affect the movement of consignments, payments and oil prices, according...
Textile Industry of Panipat in Crisis
The textile industry in Panipat is facing a dilemma to move out of the cluster after the recent decision by Air Quality Management Commission to...
China to close Textile production?
China is losing the most basic necessity of human civilisation electricity. Till now, we only knew how the Chinese steel mills, aluminum manufacturing and power...
The Lenzing Group Announces Q1 Results
The Lenzing Group, producer of specialty fibres, has announced its first half (H1) results for fiscal year 2020. Revenue during H1 FY20 ended on June...
Gap Inc. Announces a B2B product program for high Quality Masks
Gap Inc. has leveraged its deep supply chain relationships and agile operations to provide companies in both the private and public sector with high-quality reusable,...