‘COST OPTIMISATION’ IS THE NEED OF THE HOUR FOR FACTORY OWNERS

The current pandemic situation has made cost optimization a necessary function rather than a choice. Read this article with inputs from, Jitendra Yadav Junior partner and Head of Strategy, TTS,  published in Stitch World highlighting the essential elements contributing towards cost optimization.

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Segment wise growth trends in Textile & Apparels (2019-2020)

Textile and clothing industry has been the second worst impacted industry after travel and tourism, recording a whopping negative growth of 41% in the first 4 months of 2020. Some categories have witnessed worse performance than others, but the whole industry has been feeling the brunt. Only the category under ‘others’ managed to be in […]

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Textile Based PPE- Exports 2019 Vs 2020

Among the COVID affected industries, Textile and Clothing is some of the worst affected.  Calendar Year 2020 (Jan-Apr) has witnessed contraction in the international trade of more than 20%. At the same time, some product categories have seen unprecedented demand. One such category is textile based PPE. This product group has recorded month on month […]

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IMPACT OF COVID-19 ON TOP TEXTILE & APPAREL EXPORTERS OF THE WORLD

Impact of COVID-19 on Top Textile & Apparel Exporters of the World Country Jan-Mar 2019 Jan-Mar 2020 Year to date(YTD) change Value Share (%) Value Share (%) Value value (%) share (%) China 54.5 44.4 44.7 48.0  -9.8 -18 3.6 Germany 9.8 8 6.5 7 -3.3 -33.6 -1 Bangladesh 10.3 8.4 7.7 8.3  -2.7 -25.7 […]

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