The fashion industry goes up and down like hemlinesDownload the Document
Growing global demand for textiles is increasingly being fed by the dynamic south east Asian economies, especially Bangladesh, Vietnam and Sri Lanka. Meanwhile, the market share of cotton has been declining, as synthetic alternatives take over. Producers prefer them because they cost less, mix better with other fibres and are less harmful to the environment.
Strengths and weaknesses
Despite the fall in cotton’s overall market share, worldwide consumption is predicted to rise by 4% in 2017/18. Even in China, which has large stocks of low grade cotton, the appetite for higher quality cotton will be met by imports. One of the strongest drivers for the growth in textile demand around the world is the growth of “fast fashion” brands such as Uniqlo, H&M and Zara. This increase in demand is enabling fashion companies to recover from some difficult recent years, and look forward to a much better 2018 and beyond.
Sign up for the latest news
Although the second quarter of 2020 is shaping up to be the most challenging period of the year, there are now good reasons to think that the road to recovery will be long and arduous. Despite immediate tax deferrals, liquidity
The economic consequences of the COVID-19 pandemic are of unprecedented scale in Europe. The double shock of supply and demand has resulted in the halting – at least partially – of production in many companies due to the
A few weeks after the first containment easing measures, economic activity seems to be picking up in most European countries. However, about two months after China, this gradual and partial recovery will not erase the effects of