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    November 2019

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    November 2019| 48 Pages

    Concern for environment has pushed each garment manufacturer to go after sustainability, living no room for replenishment. The movement is so strong today that even GenNext is completely in sync with the same. In fact, it has become a ‘way of life’ for all of us, shared a manufacturer. Team AOV, which was recently in Vietnam, takes a look at the success of sustainability practices in the industry here. Country’s apparels account for 15 per cent of total exports, rising from 8.61 per cent to US $ 17.9 billion in the first six months of 2019, says VITAS.

    Also read a forecast report by Coresight Research predicting that re-commerce retailers are growing 20 times faster than the conventional retail market and 5 times faster than discount retailers. The company also forecasts that the total US apparel re-commerce market will grow at a CAGR of 13 per cent, reaching US $ 33 billion in 2021. Textile Exchange, a global non-profit institution, has announced that in the new 2030 Strategy:Climate+, it will be the driving force for urgent climate action with a goal of 35-45 per cent reduced CO2 emissions from textile fibre and material production by 2030. This goal seems very important as textile industry contributes 10 per cent of global CO2 emissions.

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