This article of @voguebusiness explains that retailers are busy right-sizing their inventory. That doesn’t bode well for garment workers, who may be even more vulnerable amid rising prices and stagnant wages than they were early in the pandemic. [Retailers, facing an inventory crisis, are cancelling orders again – Vogue]
The World Brand Lab announced the list of Asia's Top 500 Brands for the 2022, and the 500 Asian brands come from 20 countries and regions. Sports group Anta is ranking on position of 269 in the Top 500 Brands for 2022. [新华网_让新闻离你更近 – China News]
Purchasing officers now prefere Turkey [for European markes], and China [in its home market]. Preferences for Ethiopia, and Vietnam fall significantly. Data shows it’s part of a larger nearshoring and reshoring pivot in fashion to bring their supply chains closer to home. [Why now and for how long? – Vogue]
Nike’s foothold in China appears to be slipping. Buoyed by a patriotism-fueled domestic boom, homegrown rival Li-Ning saw its brand value spike by 66 percent to $3.4 billion, the biggest gain recorded in a ranking of 100 most valuable Chinese brands this year. [Nike Rival Li-Ning is China’s Fastest-Growing Brand – SJ]
Working with sustainability consultancy Quantis, the three online fashion retailers will offer a free service to help brands they stock measure greenhouse emissions, set reduction targets and submit them to the Science Based Targets (SBTi) for approval.
The machine and equipment manufacturing industry markedly rebounded in May of this year. The decline in the index of service production has slowed, and modern service industries have supported growth. Sales in the market increased in the month, and sales of basic consumer goods and online retail sales continued to grow.
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