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Apparel market faces conflict between sustainability and pricing

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sustainability-and-pricingFollowing moves to ensure sustainable growth and production of garments and apparels worldwide, uncertainty prevails on the issue of sourcing garments that come with conflict of interests between ethical correctness and competitive pricing. Apparel brands around the world are keen on keeping their supply chains without issues and maintain sustain-ably produced garments however, cleaning up the supply chain is not the only key consideration. There are other areas too which create confusion when it comes to making decisions on sourcing for global brands. Africa which jumped into the textile export bandwagon succeeded in changing consumption patterns worldwide with the result that international buyers feel drawn to the African market following its competitive pricing, further the hike in labour and production costs of Chinese textiles have been an added bonus for African countries.

Alliance for Bangladesh Worker Safety has decided to ensure adherence to safety norms by the textile factories set up in Bangladesh, despite this there are many issues such as too many factories face life-threatening safety issues, however, the government body expressed the hope that things will be sorted out by the deadline given of May 2018. To provide relief and ease the situation, the government of Bangladesh has taken assistance from World Bank for setting up infrastructure projects that will be privately funded. The assistance which comes in the form of financial agreements is also expected to diversify the exports of Bangladesh. China’s Wuxi No. 1 Cotton Mill has taken steps to enhance the Ethiopian textile market by signing an agreement to set up an integrated textile park in the country.

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