Hi! Welcome, to 13Rounds clothing and fashion blog. Each week we will be diving into interesting news and trends of the industry. We will also share updates and thoughts relating to our business, especially as they relate to the vision we hope to bring to this industry.
Top Clothing & Fashion News:
This week we are covering one of the most influential Exhibitions in the clothing industry. The dates for The International Textile Machinery Exhibition (ITM) were recently announced and will take place June 2nd-6th. The ITM takes place every two years in Istanbul Turkey, and is one of the largest of its kind. Its most recent gathering, in 2018, saw a record 58,942 visitors from 94 countries. The ITM allows for over 1,000 textile manufacturers to display their latest operation. This provides a great opportunity for textile manufacturers to meet leading clothing brands around the world. This year the ITM is preparing for an even greater turnout, adding more floor space and more booths for attendees.
This Exhibition is significant for industry players because it allows them to come together and share ideas. It also gives us insight as to what different countries are doing, how they use technology, and how their performance stacks up against others. For example, Bangladesh is currently the second leading country in textile manufacturing, yet many of their manufacturers rely on traditional production methods and often operate at a loss. The country has only seen a 0.5% growth in their markets within the last year. Comparatively, manufacturers in Vietnam have been investing in new automated textile machinery that keeps their cost and waste low. Their economy grew roughly 7.5% last year. This exhibition will bring differences like this to light, allowing key players the opportunity to explore new technologies and better position themselves to compete on the global scale. As the dates get closer, we will continue discussing not only this event and its players, but the technologies that they currently use, and what kinds of things we may see in the future.
A brief overview of the Clothing Supply Chain:
Raw material suppliers, firstly, gather the materials that will be used to create yarns. These suppliers represent two main categories of goods: Natural and Synthetic Fibers. Natural fibers include cotton, wool, and silk. Synthetic fibers are made from other commodities, including charcoal, natural gas, and fossil oil (Polyester, for example, is created by a chemical reaction between coal, petroleum, air, and water). Immediately once receiving the raw commodities, textile manufacturers will process them into yarn. After this, they will then turn the yarn into fabric. Often times, this fabric is a combination of Natural and Synthetic Fibers. Fabrics are sold to clothing manufacturers and subcontractors who turn these fabrics into product types for lead brands and trading companies. Finally these products are sold to department stores, chains, and outlets. Before they reach their shoppers' hands.