Pakistan's textile sector has thanked the government for its efforts to "keep the industry afloat" and protect workers amid the coronavirus pandemic, but has called for further measures to protect its future, including a reduction in interest rates.
US apparel and footwear retailers and importers are cautiously optimistic at reports the Trump Administration is planning to stop collecting duties on imports for at least three months to help ease the economic fallout of the coronavirus.
As the impact of the coronavirus pandemic spreads across the apparel and footwear industry, brands and retailers are moving from store closures to worker lay-offs or furloughs, as well as executive pay cuts. Here are the latest:
Top stories on just-style in March were unsurprisingly dominated by the impact of the coronavirus (Covid-19) pandemic on the global apparel industry and its supply chain. We take a look at how retail and fashion companies and their supply chains might fare coming out of the crisis, and industry efforts to address the global shortage of personal protective equipment (PPE). The list also includes an interview with Stanley Szeto, executive chairman of fashion supply chain manager Lever Style, and a US$930.7m bid to privatise Li & Fung.
The fast spread of the coronavirus around the globe has created an unprecedented situation for the world economy. But how might Covid-19 affect apparel sourcing and trade? Dr Sheng Lu, associate professor in the Department of Fashion and Apparel Studies at the University of Delaware, has analysed the worst case scenarios.