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Gca 2020 winners

H&M Foundation Global Change Award 2020 Winners Announced

Yesterday, the H&M Foundation announced the winners of its 2020 Global Change Award, an annual award established in 2015 to promote sustainability and circularity in the fashion industry. Referred to as the “Nobel Prize of Fashion”, the GCA identifies and catalyses early stage innovations with the potential to redefine the industry and contribute towards creating a sustainable fashion future.

Ykk magnetic zipper

YKK's New Magnetic Zipper - a Self-Dressing Game Changer

On February 20, 2020, YKK Corporation - the world’s largest zipper manufacturer headquartered in Tokyo - announced the launch of its new magnetic zipper, an open-ended zipper that is designed to be “closed easily using magnetic force between the left and right sides”.

Masks

Apparel Industry Braces Itself for a Hike in Quality Issues Due to Coronavirus Backlog

Every year after the Chinese New Year holiday, the garment industry experiences a marked drop in quality levels and conformity to order specifications, recorded at pre-shipment inspection.

A high post-CNY worker turnover rate as well as workers’ delayed return to the factories mean that manufacturers are not able to operate at full capacity upon reopening. Inexperienced workers require training which contributes further to the backlog as well as increasing the instances of quality issues in both raw materials and garment production.

Helenahelmerssonarlanda

H&M Group Appoints Helena Helmersson as New CEO

Well done to H&M group for appointing Helena Helmersson as CEO! Anyone who has followed her career achievements will agree that this decision is a no-brainer: As head of Sustainability at H&M she implemented ground-breaking and award-winning initiatives to integrate sustainability into the H&M business, paving the way for other brands to follow suit.

Wireframe hangtag

McKinsey Predicts Challenging Road Ahead for Small and Mid-sized Fashion Players as Digitization and Sustainability Top the List of Challenges for 2020

The State of Fashion 2020 report published this week by McKinsey & Co in partnership with Business of Fashion, predicts fashion industry growth of just 3-4% in 2020 amid slowing global economic growth and continued uncertainty.

In light of this rather gloomy outlook, the report suggests that “successful companies will be the ones that ….. work out how to improve productivity while ensuring operational and financial flexibility”.

Its survey of 290 global fashion executives highlighted sustainability and digitization as key challenges that also represent sizeable opportunities.  So where does this leave small and mid-sized companies for whom investment in comprehensive digital solutions and larger-scale R&D activities is not an option?

Phones

There's a New Four-Letter Word to Describe the Apparel Industry Middleman of the Future: Tech

According to an article published by the Sourcing Journal last month, “For a while, as companies looked to skip the middleman in favor of greater speed to market and closer access to the consumer, “agent” became a four-letter word.”

In this hyperconnected, always-on world, customers want more: more flexibility, more choice, more speed, more insights, more service, more visibility and more control. They also want less: less hassle, less waste, less commitment and, of course, less cost.

What customers really want is more FOR less.

Enter TECH.....