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.
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 […]
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 […]
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 […]