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The Accord on Fire and Building Safety in Bangladesh expires today, but only two clothing retailers have so far agreed to renew their contract. Accord website says over 190 brands had committed to be signatories to the agreement, which was formulated just weeks after the collapse of Rana Plaza in 2013. The agreement acts as a binding safety programme, where signatories can
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This report provides strategists, marketers and senior management with the critical information they need to assess the global fast fashion market.
This report focuses on the fast fashion market which is experiencing strong growth. The report gives a guide to the fast fashion market which will be shaping and changing our lives over the next ten years and beyond, including the market s response to the challenge of the global pandemic.
The global fast fashion market is expected to grow from $25.09 billion in 2020 to $30.58 billion in 2021 at a compound annual growth rate (CAGR) of 21.9%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
The report shows that a lot of progress has been made to make factories safer
The witness signatories to the Bangladesh Accord on Fire and Building Safety say remaining safety hazards in Bangladeshi factories show that apparel brands must not abandon a binding safety programme.
In a new report, Unfinished Business: Outstanding safety hazards at garment factories show that the Accord must be extended and expanded , the signatories demonstrate that the Accord s work must continue, and call for brands and retailers to sign a new, legally binding agreement that will allow the Accord s work to be extended and its model to be expanded to other countries.
Photo courtesy of Huffpost
It is one year since Sri Lanka went into lockdown. At a recent press briefing by women members of Sri Lanka Chamber of Garment Exporters, a member of the Joint Apparel Association Forum (JAAF) extolled the virtues of the garment industry. I was bemused by this parading of a handful of women garment workers in the midst of a pandemic to get them to praise the sector.
A legal complaint has been lodged by garment sector unions, Stand Up and Commercial and Industrial Workers’ Union. There was an article on how COVID-19 was exposing the plight of factory workers and another on the debt trap in the fashion world. As someone who has been researching the Sri Lankan garment industry for over a decade, how could I reconcile these narrative threads?