US fashion industry: Bangladesh to get more orders than China, Vietnam over next 2 years

[Black_cats]

US fashion industry: Bangladesh to get more orders than China, Vietnam over next 2 years​

RMG​

TBS Report
22 July, 2022, 10:25 pm
Last modified: 22 July, 2022, 10:32 pm

Bangladesh was behind India and CAFTA-DR region on the list of destinations from where the US buyers plan to increase sourcing

Photo: TBS

More than half of the US apparel executives plan to source more from Bangladesh than from China, Vietnam, Indonesia, Cambodia and other competitors over the next two years, according to the USFIA 2022 Fashion Industry Benchmarking Study.

According to the report published by the United States Fashion Industry Association (USFIA), around 55% of the US apparel executives expressed their interest to increase sourcing from Bangladesh till 2024, including 3% who expected a strong increase.

When asked from which countries or regions the US fashion companies planned to increase their sourcing value in the next two years, India led the way, followed by CAFTA-DR region and Bangladesh, with all three selected by more than half of the respondents, said the report.

CAFTA-DR or Dominican Republic-Central America FTA is the first free trade agreement between the United States and a group of smaller developing economies – Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Dominican Republic.

Mexico ranked the fourth, while Indonesia and Vietnam tied for the fifth position on the list of destinations from where the US buyers plan to increase sourcing.

Fazlul Hoque, managing director at Plummy Fashions Limited and former president of Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), told TBS the report of this study is logical.

He said the US buyers are convinced that Bangladesh has developed the capacity in the last few years to produce garment products other than the basic items. Currently they are placing a lot of orders for knitwear items from Bangladesh. As a result, the export growth of Bangladesh RMG products in that market in the last few months was more than 50%.

He also said since India has its own raw materials, they are able to export clothes at a relatively low price, which might be the reason that they are on top of the buyers' choice.

USFIA Fashion Industry Benchmarking Study is a survey of executives from over 30 leading fashion brands, retailers, importers, and wholesalers, including some of the largest brands and retailers in the country.

More than 85% respondents in the survey plan to cut their cotton apparel imports from China, while 45% said they will further reduce non-cotton apparel imports.

Asia remains the dominant sourcing base for US fashion companies.

Almost all the top ten most-utilised apparel sourcing destinations in 2021 are Asia-based, led by China (91%), Vietnam (88%), Bangladesh (84%), and India (72%).

However, there is considerable excitement about increasing apparel sourcing from the CAFTA-DR region.

Reducing "China exposure" is one crucial driver of US fashion companies' sourcing diversification strategy. One-third of respondents have reported sourcing less than 10% of their apparel products from China this year.

In addition, a new record of 50% of respondents has sourced more from Vietnam than China in 2022.

Fashion brands, retailers face challenges

Supply chain disruptions remain a major challenge over two years into the global pandemic.

Almost all the survey respondents said shipping delays and supply chain disruptions are one of their top business challenges in 2022.

Over 95% of respondents expect implementation of the Uyghur Forced Labor Prevention Act (UFLPA) to affect their company's sourcing.

Most respondents (over 92%) do not plan to reduce apparel sourcing from Asian countries other than China.

However, nearly 60% of respondents would also "explore new sourcing destinations outside Asia" in response to UFLPA.

USFIA based its new report on a survey of 34 executives at "leading" US fashion companies, 81% of which have more than 1,000 employees. Approximately 70% self-identified as retailers, 67% as importers and wholesalers and 40 percent as brands. USFIA conducted its survey between April and June.

US fashion industry: Bangladesh to get more orders than China, Vietnam over next 2 years

Bangladesh was behind India and CAFTA-DR region on the list of destinations from where the US buyers plan to increase sourcing

www.tbsnews.net

 

[Bilal9]

Central American FTA will help these small Central American countries but they neither have native raw material sources, nor backward linkage industries (carding, spinning, weaving), only basic minimal stitching offering.

This also describes Vietnam but at least Vietnamese have China as a backward linkage supplier right across the border.

 

[BananaRepublicUK]

US fashion industry: Bangladesh to get more orders than China, Vietnam over next 2 years​

RMG​

TBS Report
22 July, 2022, 10:25 pm
Last modified: 22 July, 2022, 10:32 pm

Bangladesh was behind India and CAFTA-DR region on the list of destinations from where the US buyers plan to increase sourcing

Photo: TBS

More than half of the US apparel executives plan to source more from Bangladesh than from China, Vietnam, Indonesia, Cambodia and other competitors over the next two years, according to the USFIA 2022 Fashion Industry Benchmarking Study.

According to the report published by the United States Fashion Industry Association (USFIA), around 55% of the US apparel executives expressed their interest to increase sourcing from Bangladesh till 2024, including 3% who expected a strong increase.

When asked from which countries or regions the US fashion companies planned to increase their sourcing value in the next two years, India led the way, followed by CAFTA-DR region and Bangladesh, with all three selected by more than half of the respondents, said the report.

CAFTA-DR or Dominican Republic-Central America FTA is the first free trade agreement between the United States and a group of smaller developing economies – Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Dominican Republic.

Mexico ranked the fourth, while Indonesia and Vietnam tied for the fifth position on the list of destinations from where the US buyers plan to increase sourcing.

Fazlul Hoque, managing director at Plummy Fashions Limited and former president of Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), told TBS the report of this study is logical.

He said the US buyers are convinced that Bangladesh has developed the capacity in the last few years to produce garment products other than the basic items. Currently they are placing a lot of orders for knitwear items from Bangladesh. As a result, the export growth of Bangladesh RMG products in that market in the last few months was more than 50%.

He also said since India has its own raw materials, they are able to export clothes at a relatively low price, which might be the reason that they are on top of the buyers' choice.

USFIA Fashion Industry Benchmarking Study is a survey of executives from over 30 leading fashion brands, retailers, importers, and wholesalers, including some of the largest brands and retailers in the country.

More than 85% respondents in the survey plan to cut their cotton apparel imports from China, while 45% said they will further reduce non-cotton apparel imports.

Asia remains the dominant sourcing base for US fashion companies.

Almost all the top ten most-utilised apparel sourcing destinations in 2021 are Asia-based, led by China (91%), Vietnam (88%), Bangladesh (84%), and India (72%).

However, there is considerable excitement about increasing apparel sourcing from the CAFTA-DR region.

Reducing "China exposure" is one crucial driver of US fashion companies' sourcing diversification strategy. One-third of respondents have reported sourcing less than 10% of their apparel products from China this year.

In addition, a new record of 50% of respondents has sourced more from Vietnam than China in 2022.

Fashion brands, retailers face challenges

Supply chain disruptions remain a major challenge over two years into the global pandemic.

Almost all the survey respondents said shipping delays and supply chain disruptions are one of their top business challenges in 2022.

Over 95% of respondents expect implementation of the Uyghur Forced Labor Prevention Act (UFLPA) to affect their company's sourcing.

Most respondents (over 92%) do not plan to reduce apparel sourcing from Asian countries other than China.

However, nearly 60% of respondents would also "explore new sourcing destinations outside Asia" in response to UFLPA.

USFIA based its new report on a survey of 34 executives at "leading" US fashion companies, 81% of which have more than 1,000 employees. Approximately 70% self-identified as retailers, 67% as importers and wholesalers and 40 percent as brands. USFIA conducted its survey between April and June.

US fashion industry: Bangladesh to get more orders than China, Vietnam over next 2 years

Bangladesh was behind India and CAFTA-DR region on the list of destinations from where the US buyers plan to increase sourcing

www.tbsnews.net

But, but, MMR idiot was predicting 30% drop in exports

 

[UKBengali]

But, but, MMR idiot was predicting 30% drop in exports

Bro, best not to mention that troll at all.

 

[bluesky]

Supply chain disruptions remain a major challenge over two years into the global pandemic.

Almost all the survey respondents said shipping delays and supply chain disruptions are one of their top business challenges in 2022.

Over 95% of respondents expect implementation of the Uyghur Forced Labor Prevention Act (UFLPA) to affect their company's sourcing.

Most respondents (over 92%) do not plan to reduce apparel sourcing from Asian countries other than China.

I have a feeling that Uighur cotton procurement has no relation to American buyers' purchasing of BD textiles. It will disturb only China.

If China is gradually excluded a little by the Westerners, good or bad, the benefits will be ripped more by BD and Vietnam.

However, as far as I know, Vietnam procures more cotton from China (probably, Uighur cotton) and BD procures more from India and some other countries that may also include Uighur.

Anyway, international dirty politics led by America is very bad. When it wants to trouble China, the sufferers are our Muslim brothers in Uighur. It makes me sad to see Uighur people lose the cotton market here and there. It is their big source of income.

 

[etylo]

I have a feeling that Uighur cotton procurement has no relation to American buyers' purchasing of BD textiles. It will disturb only China.

If China is gradually excluded a little by the Westerners, good or bad, the benefits will be ripped more by BD and Vietnam.

However, as far as I know, Vietnam procures more cotton from China (probably, Uighur cotton) and BD procures more from India and some other countries that may also include Uighur.

Anyway, international dirty politics led by America is very bad. When it wants to trouble China, the sufferers are our Muslim brothers in Uighur. It makes me sad to see Uighur people lose the cotton market here and there. It is their big source of income.

UIgher is not a country, but an ethnic group in China. Although many Chinese Uyghers and Han Chinese too work in the cotton industry, the cotton production process there are very much mechanized.

 

[bluesky]

UIgher is not a country, but an ethnic group in China. Although the Uyghers also own some cotton fields and factories in Xinjiang, the majority are produced by ethnic Han Chinese, the cotton production process there are very much mechanized.

Did I say Uighur is not part of China, Quebec is not part of Canada or Alaska is not part of the USA?

Uighur people have been producing cotton for more than 2,000 years and the farming is inside Xinjiang with the local people doing the farming.

Where did you find Chinese Hans are experts in cotton production there? Do not believe in the American smear campaign.

This state of China produces about 84% of the cotton produced in China. However, I have read that Indian cotton is much softer than the Chinese one. Anyway, textile people in BD need all kinds of cotton to produce their goods.

 

[etylo]

Did I say Uighur is not part of China, Quebec is not part of Canada or Alaska is not part of the USA?

Uighur people have been producing cotton for more than 2,000 years and the farming is inside Xinjiang with the local people doing the farming.

Where did you find Chinese Hans are experts in cotton production there? Do not believe in the American smear campaign.

This state of China produces about 84% of the cotton produced in China. However, I have read that Indian cotton is much softer than the Chinese one. Anyway, textile people in BD need all kinds of cotton to produce their goods.

"However, as far as I know, Vietnam procures more cotton from China (probably, Uighur cotton) and BD procures more from India and some other countries that may also include Uighur."

Wait, Uighurs as an ethnic group in Xinjiang didn't establish itself about a thousand year ago, near the end of Tang dynasty in China, with majority of Uighers ancestors migrated to Xinjiang from the grasslands near Mongolia due to wars with other nomads.

Many Uighers work in the cotton industry alright, but many Han Chinese do also, besides, the cotton industry in Xinjiang is very much mechanized, that means literally only very few people are actually picking some specialized cottons in the fields, all done with machines these days. Xinjiang cotton is one of the best in the world as I understand, if the West doesn't want to use the cotton, it's their loss.

Chinese army Productions and Constructions Corps with a population of 2.6 millions are doing much of the large scale farming in Xinjiang these days.

 

[bluesky]

"However, as far as I know, Vietnam procures more cotton from China (probably, Uighur cotton) and BD procures more from India and some other countries that may also include Uighur."

Wait, Uighurs as an ethnic group in Xinjiang didn't established itself about a thousand year ago, near the end of Tang dynasty in China, with majority of Uighers ancestors migrated to Xinjiang from the grasslands near Mongolia due to wars with other nomads.

Many Uighers work in the cotton industry alright, but many Han Chinese do also, besides, the cotton industry in Xinjiang is very much mechanized, that means literally only very few people are actually picking some specialized cottons in the fields, all done with machines these days.

Chinese army Productions and Constructions Corps with a poplulation of 2.6 millions are doing much of the farming in Xinjiang these days.

Are you here to make friction because of the use of a word? Please read the full text. I know the geography and location of so many countries that you idiots with two white Canadian flags will never learn.

Bloody Charal, just shut up your big mouth and do not ever find mistakes in comas, full stops, and semicolons.

 

[etylo]

Are you here to make friction because of the use of a word? Please read the full text. I know the geography and location of so many countries than you idiots with two white Canadian flags will never learn.

Bloody Blackey Sudra Charal, just shut up your big mouth and do not ever find mistakes in comas, full stops, and semicolons.

You just have f problem with your arrogant attitude, in the writing, you have clear intention of confusing the reader that Xinjiang is Uighers and Uyghers is or should be a country becos many of them have similar religion as you. Good luck with your country in progress and development in the future if you people have such arrogant attitudes as shown on the PDF often.

You idiot now are trying to insult me here and there and now as a low Indian ? Wash your mouth with acid ! And you have no right to tell me to shut up to silence me becos you idiot can't admit you are wrong !

 

[huanghong]

I have a feeling that Uighur cotton procurement has no relation to American buyers' purchasing of BD textiles. It will disturb only China.

If China is gradually excluded a little by the Westerners, good or bad, the benefits will be ripped more by BD and Vietnam.

However, as far as I know, Vietnam procures more cotton from China (probably, Uighur cotton) and BD procures more from India and some other countries that may also include Uighur.

Anyway, international dirty politics led by America is very bad. When it wants to trouble China, the sufferers are our Muslim brothers in Uighur. It makes me sad to see Uighur people lose the cotton market here and there. It is their big source of income.

China's annual domestic demand for cotton is about 8 million tons, and Xinjiang's output is about 5.2 million tons. Therefore, in fact, Xinjiang's cotton exports are very smal

 

[mmr]

But, but, MMR idiot was predicting 30% drop in exports

Hey asshole! You can go and earn 100 dollar per month in bd sweat shop now...instead working hard on indian restaurant in uk like ur fellow proud bengali uk indian restaurant worker lol.

US fashion industry: Bangladesh to get more orders than China, Vietnam over next 2 years​

RMG​

TBS Report
22 July, 2022, 10:25 pm
Last modified: 22 July, 2022, 10:32 pm

Bangladesh was behind India and CAFTA-DR region on the list of destinations from where the US buyers plan to increase sourcing

Photo: TBS

More than half of the US apparel executives plan to source more from Bangladesh than from China, Vietnam, Indonesia, Cambodia and other competitors over the next two years, according to the USFIA 2022 Fashion Industry Benchmarking Study.

According to the report published by the United States Fashion Industry Association (USFIA), around 55% of the US apparel executives expressed their interest to increase sourcing from Bangladesh till 2024, including 3% who expected a strong increase.

When asked from which countries or regions the US fashion companies planned to increase their sourcing value in the next two years, India led the way, followed by CAFTA-DR region and Bangladesh, with all three selected by more than half of the respondents, said the report.

CAFTA-DR or Dominican Republic-Central America FTA is the first free trade agreement between the United States and a group of smaller developing economies – Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Dominican Republic.

Mexico ranked the fourth, while Indonesia and Vietnam tied for the fifth position on the list of destinations from where the US buyers plan to increase sourcing.

Fazlul Hoque, managing director at Plummy Fashions Limited and former president of Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), told TBS the report of this study is logical.

He said the US buyers are convinced that Bangladesh has developed the capacity in the last few years to produce garment products other than the basic items. Currently they are placing a lot of orders for knitwear items from Bangladesh. As a result, the export growth of Bangladesh RMG products in that market in the last few months was more than 50%.

He also said since India has its own raw materials, they are able to export clothes at a relatively low price, which might be the reason that they are on top of the buyers' choice.

USFIA Fashion Industry Benchmarking Study is a survey of executives from over 30 leading fashion brands, retailers, importers, and wholesalers, including some of the largest brands and retailers in the country.

More than 85% respondents in the survey plan to cut their cotton apparel imports from China, while 45% said they will further reduce non-cotton apparel imports.

Asia remains the dominant sourcing base for US fashion companies.

Almost all the top ten most-utilised apparel sourcing destinations in 2021 are Asia-based, led by China (91%), Vietnam (88%), Bangladesh (84%), and India (72%).

However, there is considerable excitement about increasing apparel sourcing from the CAFTA-DR region.

Reducing "China exposure" is one crucial driver of US fashion companies' sourcing diversification strategy. One-third of respondents have reported sourcing less than 10% of their apparel products from China this year.

In addition, a new record of 50% of respondents has sourced more from Vietnam than China in 2022.

Fashion brands, retailers face challenges

Supply chain disruptions remain a major challenge over two years into the global pandemic.

Almost all the survey respondents said shipping delays and supply chain disruptions are one of their top business challenges in 2022.

Over 95% of respondents expect implementation of the Uyghur Forced Labor Prevention Act (UFLPA) to affect their company's sourcing.

Most respondents (over 92%) do not plan to reduce apparel sourcing from Asian countries other than China.

However, nearly 60% of respondents would also "explore new sourcing destinations outside Asia" in response to UFLPA.

USFIA based its new report on a survey of 34 executives at "leading" US fashion companies, 81% of which have more than 1,000 employees. Approximately 70% self-identified as retailers, 67% as importers and wholesalers and 40 percent as brands. USFIA conducted its survey between April and June.

US fashion industry: Bangladesh to get more orders than China, Vietnam over next 2 years

Bangladesh was behind India and CAFTA-DR region on the list of destinations from where the US buyers plan to increase sourcing

www.tbsnews.net

Same news every day. Just one sector..and every thing depends on selling cheap underwear for country of 170 million ppl....well what to expect when u only filed for 16 patents a year. Selling underwear on discounts to western brand is the only way to survive i guess.

 

[bluesky]

China's annual domestic demand for cotton is about 8 million tons, and Xinjiang's output is about 5.2 million tons. Therefore, in fact, Xinjiang's cotton exports are very smal

With a price tag of about $1,700 per ton, the value of Uighur cotton is about $8.8 billion. It may not be much, but cotton is a raw material and the value of textile produced from this much cotton may be more than $100 billion.

A country like Bangladesh is using half of the Uighur raw cotton. Its textile export in the last one year period was $52 billion.

Actually, it is not the value of raw cotton that counts. It is the value of the final products that are more important. For example, China could not have readily started its textile industry without Uighur cotton readily available.

Also, Bd could not start its textile industry without Indian cotton.

So, Uighur cotton is important for the entire world community.

 

[Bilal9]

You just have f problem with your arrogant attitude, in the writing, you have clear intention of confusing the reader that Xinjiang is Uighers and Uyghers is or should be a country becos many of them have similar religion as you. Good luck with your country in progress and development in the future if you people have such arrogant attitudes as shown on the PDF often.

You idiot now are trying to insult me here and there and now as a low Indian ? Wash your mouth with acid ! And you have no right to tell me to shut up to silence me becos you idiot can't admit you are wrong !

Please don't take offense and calm down - he did not know you are from China. I suggest all discuss with calm spirit and respectful sober attitude.

Calling people names is undesirable and causes conflict and confusion - distracting from the main issue that is being discussed.

I should take my own advice - I know. But we should all try to discuss calmly, which will reduce the moderating load for the mods.

 

[Bilal9]

With a price tag of about $1,700 per ton, the value of Uighur cotton is about $8.8 billion. It may not be much, but cotton is a raw material and the value of textile produced from this much cotton may be more than $100 billion.

A country like Bangladesh is using half of the Uighur raw cotton. Its textile export in the last one year period was $52 billion.

Actually, it is not the value of raw cotton that counts. It is the value of the final products that are more important. For example, China could not have readily started its textile industry without Uighur cotton readily available.

Also, Bd could not start its textile industry without Indian cotton.

So, Uighur cotton is important for the entire world community.

@bluesky bhai, Bangladesh was heavily dependent on import of cotton and yarn from India seven years ago, since then cotton and yarn import from India has declined significantly, as Indians themselves consume it for local processing.

I am surprised to learn that Uighur cotton is that big a part of Bangladesh cotton demand.

This year, Bangladesh is the second largest importer of cotton after China, amounting to 9 million bales.