21 October 2023, Mumbai

Despite Western Rhetoric
The United States, United Kingdom, and European Union continue to talk about reducing their reliance on China, but the reality is quite different. China has a wide-ranging influence that spans from basic goods to sophisticated industrial equipment.
China's Manufacturing Prowess
China has become a global leader in production thanks to its advanced manufacturing capabilities. It has shown its ability to overcome technological challenges, and its large-scale manufacturing and solid supply chains lay the foundation for future technological innovations.
Challenges of Diversifying Supply Chains
A report from RBC Wealth Management states that the complex nature of global supply chains, along with China's huge industrial sector and manufacturing skills, makes it unappealing and impractical for many multinational corporations to sever ties with China in the near future.
Limitations of On-Shoring and Friend-Shoring
Attempts to bring production closer to home in the West, often called “on-shoring” and “friend-shoring,” are not ready to meet these demands. Mexico offers a low-cost option for the US, but it can only produce less than 15% of what China can. Central American countries have problems such as socio-political conflicts, crime, and a lack of qualified workers and infrastructure, which make them unfit for this role.
In the EU, Turkey seems like a potential alternative, but its economic instability creates doubts about its ability to provide a stable and consistent supply environment. East European countries that are not part of the EU are also not suitable places to set up as friend-shoring hubs.
China's Trade Dominance to Continue
As it is, trade relations with China will continue. A slowdown in China's economic growth could lead to a reduction in trade, but this is likely to be a long-term process.

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17 October 2023, Mumbai

Jeanologia, a Spanish leader in eco-efficient technologies, will showcase its new technologies and processes at Kingpins Amsterdam, an event focused on the denim and knitwear industries. Jeanologia believes that air, digitalization, and automation are the keys to a fully sustainable and efficient textile industry.
Atmos: Atmospheric Washing Process
Jeanologia's Atmos atmospheric washing process allows for the natural aging of garments with a genuine vintage effect, without the use of water, pumice stones, or chemicals.
The process uses ozone under atmospheric conditions instead of water and chemicals, resulting in a denim garment with an authentic vintage look and an impressive contrast between light and dark areas.
The Atmos finishing process is also applied in color treatment, for example on sweatshirts and T-shirts.
G2 Ozone Technology
Jeanologia's breakthrough G2 ozone technology sets a new benchmark in the finishing processes of denim and knitwear. It allows production centers to greatly reduce the use of water and chemicals, achieving a natural wear tone more quickly and sustainably, and at a lower cost.
Benefits of Washed by the Atmosphere
The Washed by the Atmosphere concept offers a more efficient and environmentally friendly way to produce denim and knitwear garments. It reduces water use by up to 96%, eliminates all toxic byproducts, and reduces energy consumption by up to 25%.
It also makes it possible to eliminate traditional polluting processes, such as potassium permanganate, pumice, other harmful substances, and effluent discharges from the textile finishing industry.

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Apparel Group's leading designer lifestyle brand honored for branding excellence
Tommy Hilfiger, Apparel Group's leading designer lifestyle brand, has been awarded the prestigious Superbrand status at the Superbrands Award 2023. The award is a testament to Tommy Hilfiger's exceptional ability to grow and exceed in the competitive market, reinforcing its status as a leading brand in the global fashion and lifestyle industry.
The Superbrands organization is renowned globally as an independent authority and arbiter of branding brilliance. The accolade is bestowed upon brands that demonstrate relentless pursuit of quality, innovation, and customer satisfaction.
This recognition underscores its relentless pursuit of delivering unparalleled quality and value, reflecting the strength and resilience of our brand portfolio. Company is immensely proud of its dedicated team, its consistent efforts enhance brand’ s reputation and strategically position it for continued growth and success in the competitive global market.
Tommy Hilfiger's unique ability to resonate with consumers, offering products and experiences that stand out in the marketplace, is evident in its success in the highly competitive fashion and lifestyle industry.
The brand's commitment to quality, innovation, and customer satisfaction is further solidified by this prestigious recognition.

21 October 2023, Mumbai

Dates: February 1 to 4, 2024
Venue: Bangabandhu International Conference Center (BICC) in Dhaka, Bangladesh
Latest Technologies and Innovations in the Textile and Garment Industry
Participation from Local Bangladeshi and International Companies
Apparel Manufacturing Machinery, Home Textiles, and Textile Industry Machinery
Unique Opportunity to Discover New Products and Services, Network with Potential Partners, and Learn about the Latest Trends and Developments
Significant Event for the Bangladeshi Textile and Garment Industry
Expected to Attract over 10,000 Visitors from Bangladesh and Around the World
Excellent Platform for Companies to Display Their Products and Services to a Global Audience
The DTG Dhaka International Textile and Garment Machinery Exhibition is a major event for the textile and garment industry in Bangladesh and around the world. It will showcase the latest technologies and innovations from both local and international companies, covering a wide range of products and services, including apparel manufacturing machinery, home textiles, and textile industry machinery.
The exhibition is expected to attract over 10,000 visitors from Bangladesh and around the world.

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16 October 2023, Mumbai

Award Recognizes Dune London's Exceptional Brand Excellence & Innovation
Dune London, a globally renowned footwear and accessories brand under Apparel Group umbrella, has won the prestigious Superbrands status.

The award was presented at a grand ceremony held on 28th at the Intercontinental Hotel, Dubai Festival City.
Background
The Superbrands organization is a globally renowned independent authority and arbiter of branding brilliance. The Superbrands status is awarded to brands that have demonstrated exceptional brand excellence and innovation.
This award is a testament to Dune London's exceptional ability to grow and exceed in the competitive market, reinforcing its status as a leading brand in the fashion industry. Dune London has a unique ability to resonate with consumers, offering products and experiences that stand out in the marketplace.
This recognition also highlights Apparel Group's exceptional ability to nurture and grow brands in the competitive market, further solidifying their position in the global market.

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Growth in RMG export

Bangladesh's RMG export reached US$ 11.61 billion during the July-September period of fiscal year 2023-24, up from US$ 10.27 billion in the same period of FY 2022-23, indicating 13.07% year-over-year growth.

Knitwear export grew by 19.70% year-over-year, while woven garments export grew by 4.97% year-over-year.

In September 2023, the country's RMG export grew by 14.46% year-over-year.

Challenges and opportunities

The global economic slowdown is a challenge for Bangladesh's RMG sector, as global import by Bangladesh's major markets is declining.

The increase in raw material prices, fuel, gas-electricity, and other production costs is also a challenge for the sector, as it is causing inflated prices of goods.

Despite the challenges, Bangladesh's RMG sector is showing resilience. The growth in export is being driven by the emerging diversity in product range within the industry and the appreciable progress in higher value addition.

Recommendations

Bangladesh should focus more on the future possibilities and diversification when it takes further expansion plans.

The country can direct its investment towards the future by focusing on diversification, technology, and innovation.

Overall

Bangladesh's RMG sector is showing resilience despite the global economic slowdown. The country should focus on diversification, technology, and innovation to maintain its growth momentum in the long term.

13 October 2023, Mumbai

USA’s apparel import from the world and Bangladesh has fallen by 22.77% and 21.77% respectively in the first eight months of 2023, according to OTEXA data. The import quantity has also declined by 26.80% and 29.10% respectively.
Unit prices
Unit Price Increases for Both World and Bangladesh The unit price per SME of USA’s import from the world has risen by 5.50% to US$ 3.24 in January-August 2023.
For Bangladesh, the unit price per SME has increased by 10.35% to US$ 3.27 in the same period.
Implications and Recommendations
The decline in USA’s apparel import reflects the slowdown in retail and economy. Bangladesh should diversify its export markets and products to ensure growth sustainability.
USA is still a major market for Bangladesh and there is potential to increase its capacity and value addition.

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18 October 2023, Mumbai

Bangladesh's ready-made garment (RMG) export reached US$35.61 billion during January-September 2023, up 7.96% year-over-year. This growth is being driven by non-traditional markets, such as Japan, Australia, and India.
EU Remains Largest Export Destination, But Germany Shows Decline
The European Union (EU) remained Bangladesh's largest RMG export destination, accounting for 49.22% of the total export value. However, exports to Germany, the EU's largest market, declined by 12.58%. Other EU markets that showed a decline in exports included Lithuania, Malta, Poland, Slovakia, and Slovenia.
US Exports Decline, UK and Canada Show Growth
The United States, Bangladesh's second-largest RMG export destination, saw a decline of 7.18% in exports during the January-September 2023 period.

However, exports to the United Kingdom and Canada increased by 14.92% and 6.27%, respectively.
Non-Traditional Markets Show Strong Growth
Exports to non-traditional markets increased significantly by 28.63% to US$6.57 billion in January-September 2023. Japan, in particular, saw a 45.23% increase in exports from Bangladesh. Other non-traditional markets that showed strong growth included Australia, India, South Korea, China, and Turkey.

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13 October 2023, Mumbai

Recognition of Excellence
Skechers, Apparel Group's leading footwear brand, has won the prestigious Superbrands status at a grand ceremony held in Dubai. The award is a testament to Skechers' relentless pursuit of quality, innovation, and customer satisfaction.
The award underlines & highlights Skechers' ability to resonate with consumers and offer products that stand out in the marketplace.
Implications of the Award
This award is a significant achievement for Skechers and reinforces its status as a leading brand in the global fashion and lifestyle industry. It also demonstrates Skechers' unique ability to grow and exceed in the competitive market.
Apparel Group's Success
This recognition also highlights Apparel Group's exceptional ability to nurture and grow brands in the competitive market. The award further solidifies their position in the global market.

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