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Why we need an industry charter on buying practices

Must we keep on making the same old mistakes? Last year during the pandemic, I wrote extensively about the issue of purchasing practices and their impact on garment supply chains and their workers. The pandemic, as we found out, proved a fertile ground for some retailers (some but by no means all) to ride roughshod over the issue of purchasing practices. This included refusing to pay for complete and in-progress orders, extending their payment terms (often to 90 days or more) and demanding huge discounts on orders.
As suppliers, we were and continue to be very much dependent on the goodwill of brands when it comes to payment. Some brands stepped up to the plate and looked out for their suppliers, but far too many others took advantage of a weak regulatory environment in which the penalties for reneging on contracts are essentially non-existent. ....

Albert Einstein , German Partnership For Sustainable Textiles , Better Buying Institute , Delivery Terms Initiative , International Apparel Federation , Manufacturers Payment , Delivery Terms , German Partnership , Sustainable Textiles , Bangladesh Accord , ஆல்பர்ட் ஐன்ஸ்டீன் , ஜெர்மன் கூட்டு க்கு நிலையான ஜவுளி , சிறந்தது வாங்குதல் நிறுவனம் , சர்வதேச ஆடை கூட்டமைப்பு , உற்பத்தியாளர்கள் கட்டணம் , டெலிவரி விதிமுறை , ஜெர்மன் கூட்டு , நிலையான ஜவுளி , பங்களாதேஷ் இசைவு ,

Southeast Asia Faces Trade-Based EU Rights Policy, Welcomes RCEP

Southeast Asia Faces Trade-Based EU Rights Policy, Welcomes RCEP
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