Daily Newsletter

08 January 2024

Daily Newsletter

08 January 2024

Signal: X posts of the week — Bharat Tex, US Dept of Labor, Clean Clothes Campaign

Some of last week's top fashion supply chain-related X posts came from Bangladesh, where garment factory workers are striving for basic rights and from the Clean Clothes Campaign calling out brands for prioritising factory orders over garment worker safety after the 2023 Türkiye earthquake.

Shemona Safaya January 08 2024

Other top X posts last week came from the textile event Bharat Tex, with spotlight on sustainability and resilient supply chains this year, and the Wage and Hour Division of the US Department of Labor recovering over $1m for 165 garment workers after exposing wage theft.

https://twitter.com/dailystarnews/status/1742081611867562032
Credit: The Daily Star Twitter page

Garment factories in Bangladesh have reportedly terminated the employment of hundreds of workers following protests for higher wages in October, despite global fashion brands urging the Bangladesh Government not to retaliate against participants both during and after the minimum wage review.

However, BGMEA president Faruque Hassan allegedly told Reuters the industry body was not aware of any retrenchments and it would act if “any such incidents are brought to our notice”.

https://twitter.com/Bharattex2024/status/1743624147530395916
Credit: Bharat Tex Twitter page

Bharat Tex 2024 is being organised by a consortium of 11 Textile Export Promotion Councils and supported by the Ministry of Textiles. It promises to be a tapestry of “tradition and technology” attracting the best and the brightest from the textile world.

The organisers claim that the event has been designed to “attract multiple stakeholders” including top policy makers, global CEOs, international exhibitors and global buyers.

https://twitter.com/WHD_DOL/status/1742937476048818562
Credit: Wage and Hour Division, Department of Labor Twitter page

Investigators from the US Department of Labor’s Wage and Hour Division found the four sewing contractors deliberately failed to pay overtime wages for hours exceeding 40 in a workweek, despite employees consistently working an average of 52 hours per week.

The sewing contractors in violation of the rules were named as Good Cash LLC and its associated entities, Good Cash Inc., Premium Quality Apparel LLC, and Premium Quality Apparel Inc., owned by Ramon Tecum, Marisela Romero (aka Diana Tecum), and Joseph Delao.

https://twitter.com/cleanclothes/status/1743280392755351683
Credit: Clean Clothes Campaign Twitter page

The Clean Clothes Campaign (CCC) report, which was based on a survey of 130 workers from Türkiye earthquake-affected cities calls on the global fashion sector to ensure they are prepared for future disasters, including the floods and storms expected to result from climate change.

The report was based on responses made by garment workers in the affected areas, including Gaziantep, Kahramanmaraş, Malatya, and Adıyaman and the survey was conducted between August and September 2023.

Our signals coverage is powered by GlobalData’s Thematic Engine, which tags millions of data items across six alternative datasets — patents, jobs, deals, company filings, social media mentions and news — to themes, sectors and companies. These signals enhance our predictive capabilities, helping us to identify the most disruptive threats across each of the sectors we cover and the companies best placed to succeed.

Top Themes in Retail and Apparel in 2024

The Europe food and grocery sector was valued at EUR 1,921 billion in 2022, and is expected to grow at a CAGR of >8% by 2027. In 2022, the food category dominated the sector and is expected to continue to do so during the projected period. Hypermarkets, supermarkets, and hard discounters was the leading distribution channel in the Europe food and grocery sector in 2022.

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