Orrsum is renowned for its extensive product knowledge, agile development methodology, and solid client relationships. It supplies more than 5,000 retail locations worldwide with more than 50 million pairs of socks per year.
Business News
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A recent report by the Organisation for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization (FAO) projects that Bangladesh and Vietnam will play a dominant role in shaping the global cotton trade over the next ten years.
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The Bangladesh-based garment accessories and packaging industry has voiced concerns over longstanding neglect and discriminatory policies, urging the government to undertake urgent reforms to support the sector, which is vital to the country's US $ 8 billion RMG export industry.
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The recent decision by the National Board of Revenue (NBR) to levy a 2% advance income tax (AIT) on imports of cotton and synthetic fibres utilised by Bangladesh's apparel industry has been rescinded.
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The sector, which has seen more than double its exports over the past seven years, earned US $ 523 million in FY 2024-25, up from US $ 244 million in FY 2017-18, driven by increasing global demand for synthetic shoes known for their comfort and style.
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Sustainability
Top US retail, apparel and footwear groups sign MoU to launch textile PRO in California
The recently established organisation will comply with California's pioneering Extended Producer Responsibility rule for textiles by collecting, repairing, reusing, and recycling materials after use.
