The Pakistan textile and apparel industry, believed
to be the fourth largest in the world, is looking at a loss of around $2
billion in the coming months. It is given to understand that due to the
necessary social distancing norms, malls will not be permitted to reopen
until the pandemic is contained, hugely impacting the business of brands and
retailers. Fibre2Fashion spoke to few of them to understand what kind of
strategy they are devising to deal with the challenges as Covid-19 continues to
take its toll.
Sales at walk-in stores started plummeting and
people started to deliberately put their wedding events and celebrations on
hold, all due to the COVID-19 pandemic. Fibre2Fashion spoke to few of the high
fashion designers to understand the fallout of the pandemic.
Interview with the United States Fashion
Industry Association
Day one of the ATSC (Apparel Textile Sourcing
Canada) trade show I had the pleasure to watch and listen to the “Trade Wars
and Sourcing” presentation put on Julia Hughes from the USFIA (the United
States Fashion Industry Association).
I greatly appreciate Julia’s transparency and
honesty about the industry in the U.S., her knowledge and insights about the
future of the apparel business in America. How tariffs are affecting the
industry and exploring opportunities for future growth.
The moto of the USFIA is
“Fashion made possible by global trade” as they recognize the importance of
global trade in fashion.
USFIA has three main objectives:
- Communication,
stay on top of what’s happening in the industry
- Education,
providing webinars, meetings, and seminars to educate their members
- Advocacy,
supportive of USMCA (the United States Mexico Canada Free Trade Agreement)
and they are against Tariffs.
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