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Nov 77 min read

Industry News | 11/7/24

SPESA MEMBER SPOTLIGHT | Master Retail Inventory Management: Stay Ahead in a Complex Market
Centric Software (Sponsored Content) | November 7, 2024

Inventory management is more critical than ever. Inflation, fluctuating consumer demand, and complex supply chains are reshaping how businesses stock shelves. What was once about availability is now a strategic game where data-driven decisions determine success. For businesses navigating this landscape, real-time, actionable insights into inventory levels and pricing strategies are essential. Centric Pricing & Inventory™ provides AI-driven tools designed to keep companies thriving amid market volatility.


 
U.S. Presidential Election News Round-Up 
November 7, 2024

What a whirlwind 48 hours it's been. Here’s what the SPESA crew is reading as it relates to the recent U.S. presidential election.


 
SPESA MEMBER SPOTLIGHT | Aptean Expands Warehouse Management Capabilities Through Acquisition of Indigo Software
SDX Central | November 7, 2024

Aptean has announced the acquisition of Indigo Software Limited to enhance its warehouse and supply chain management capabilities across various industries. With this acquisition, Aptean aims to bolster its offerings for manufacturers, wholesalers, distributors, retailers, and 3PLs. Indigo Software, founded in 1980 and based in the United Kingdom, specializes in warehouse management and logistics solutions tailored for mid-market organizations. Its platform offers real-time visibility and management of operations, helping optimize processes from stock receipt to finished product dispatch.


 
Hanesbrands Axes 75 Jobs in Distribution Center Closure
Sourcing Journal | November 7, 2024

North Carolina-based Hanesbrands will permanently close its High Point, North Carolina, distribution center on January 31, according to a Worker Adjustment and Retraining Notification (WARN) notice filed by the company on November 1. The closure will impact 75 jobs. The shutdown comes after Hanesbrands’ June decision to sell its Champion athletic apparel business to Authentic Brands Group for $1.2 billion. The High Point distribution center primarily focused on the Champion brand.


 
ITMA ASIA + CITME 2024 Enjoys Strong Local Attendance
Textile World | November 6, 2024

The trade show attracted a visitorship of about 90,000, with strong local attendance. The visitors came from 111 countries and regions. 87% of the visitors were from China. Local visitors came from 31 provinces and cities. Jiangsu, Zhejiang, Shanghai, Guangdong, Shandong, Fujian, Hebei, Henan, Anhui, and Hubei ranked in the top ten, demonstrating the strong vitality of the textile industry in these regions and the interest in new textile machinery trends.


 
Former Biden Official Says President Will Issue De Minimis Proposal Before End of Year
Sourcing Journal | November 5, 2024

Speaking on a Cart.com webinar, Tim Manning, former White House COVID-19 supply coordinator in the Biden-Harris administration, said he is “100% confident” the administration will issue a Notice of Proposed Rulemaking on the matter soon. The notice, or NPRM, is a document detailing an agency’s plan for a particular problem or goal before being implemented as a final rule.


Check out additional coverage here.


 
DOL Guidelines for Workplace AI Center Employee Needs, Job Quality
Supply Chain Dive | November 5, 2024

The Department of Labor (DOL) has issued formal principles to guide employers as they introduce artificial intelligence platforms into their workplaces.The principles are designed to encourage support for collective bargaining rights, transparency in the use of AI, and workers’ data privacy, while seeking to provide employer support for those whose jobs are displaced by the technology.


Check out additional coverage here.


 
Avery Dennison Drops a Full-Service Traceability Tool
Sourcing Journal | November 4, 2024

Optica is the digital identification provider’s first full-service portfolio of end-to-end supply chain solutions. Intended to address the industry’s traceability troubles, Optica will give factories and brands more insight into their supply chain data, thus refining resilience, optimizing operational control and proliferating profit through this “proactive approach” provision.


 
Gildan Gains Market Share in Printwear, But Still Sees Decline in Underwear Sales
Fashion Dive | November 1, 2024

Gildan Activewear Inc. reported third quarter revenue of $891 million, a 2.4% increase year over year, according to a recent press release. The results mark a Q3 revenue record for the company. Sales in its activewear division, which represents 88% of its business, grew 6% to $788 million. However, Gildan’s hosiery and underwear business dropped 18% to $103 million. The company attributed the decline to phasing out its business with Under Armour and an “unfavorable mix and continued broader market weakness in underwear.”


 
Denim Meets Decarbonization: Levi’s Unveils First Climate Transition Plan
Manufacturing Dive | October 31, 2024

Denim giant Levi Strauss & Co. is committing to achieve net-zero emissions across its supply chain by 2050, the company said in its first climate transition plan unveiled October 16. The apparel manufacturer also set a few near-term sustainability targets, including a goal to reduce absolute scope 1 and scope 2 greenhouse gas emissions by 90% by 2025, compared to a 2016 baseline, as well as a goal to cut absolute scope 3 emissions by 42% by 2030, compared to a 2022 baseline.


 
VF Says Brands Will Be ‘Anchored in Performance’ as It Outlines Growth Agenda at Investor Day
Sourcing Journal | October 30, 2024

The parent company to Vans, The North Face, and more brands announced a new set of medium term financial targets during its investor day, which included achieving an adjusted operating margin of at least 10%, adjusted gross margin of at least 55%, and adjusted SG&A as a percentage of revenue of 45% or less, all by fiscal year 2028. VF also rolled out broader targets for the business, such as keeping its brands “anchored in the performance category with style elements that further expand the platform for growth.” 


Check out additional coverage here.


 
AATCC Announces Gregg Woodcock as Incoming Executive Director
Press Release | October 30, 2024

Woodcock has been a long-time member and active participant in AATCC research committees. He is set to begin his role as the Executive Director on November 11, with some initial guidance from John Y. “Jack” Daniels.


In other news, AATCC also elected Christina Rapa as President-Elect. Her term will run from January 1, 2025, through December 31, 2026.


 
Portland Opens Doors to New Footwear Innovation and Production Campus
Sourcing Journal | October 29, 2024

Announced publicly this spring, the $125-million project, conceptualized as a brand-agnostic mecca for innovation, design, development, and onshore production, has opened its doors to the industry. The christening of the new innovation district, coined Made in Old Town (MiOT), brought together decision-makers from the likes of Nike, Adidas, Under Armour, Lululemon, On Running, Danner, Keen, and many more.


 
Mexmakers Promotes Mexico’s Forgotten Suppliers
Rivet | October 29, 2024

Mexmakers is a collaborative network of Mexican textile and apparel manufacturers dedicated to delivering comprehensive, sustainable, and traceable full-package products. This innovative group offers end-to-end services, from product development to logistics, enabling clients to streamline their inventories and enhance agility within their market niche.


 
KolAi Denim Launches AI Plugin for 3D Denim Design
Just Style | October 25, 2024

Denim laser design online platform KolAi Denim has introduced an AI-powered Photoshop plugin aimed at 3D denim designers. The AI plugin allows 3D denim designers to open images of garments in Photoshop, automatically extracting dry process details in a 3D-compatible format, significantly reducing design time.


 
SPESA MEMBER SPOTLIGHT | Tukatech and Tronog Join Forces To Leverage AI and Provide Photorealistic Virtual Garments
Press Release | October 24, 2024

Geoff Taylor, President of TUKAweb, explains, “This collaboration has tremendous potential to help companies eliminate the need for any physical samples and photography, and to produce only the products that have already sold, thereby reducing costs, inventory, and waste.”


 
Ex Fashion Exec Touts Nuclear Energy for Offshored Apparel Plants
Just Style | October 22, 2024

Rickey Ruff, founder and managing director of U.S.-based Global Nuclear Concepts recently spoke at SPESA’s 2024 Executive Conference in Montréal where he discussed how nuclear energy offered a sustainable solution for the fashion industry’s offshore manufacturers.



 
SPESA MEMBER SPOTLIGHT | Zünd Launches Largest Ever Cutter in Partnership with Loop Technology
Press Release | October 16, 2024

Zünd CEO Oliver Zünd said, “Collaborating with Loop Technology is a natural progression for us. Our cutting systems push the limits of precision, and integrating with Loop Technology’s FibreLINE system will drive advancements in composite manufacturing that benefit the aerospace sector.”


 
SPESA MEMBER SPOTLIGHT | Zund UK Appoints New Sales and Marketing Director
Press Release | October 10, 2024

Zund UK has appointed John Kerr as its new sales and marketing director, who will be responsible for driving and supporting sales of the Zünd product range to existing and potential customers throughout the UK, collaborating closely with the senior management team to drive the company’s growth and transformation.


With more than 20 years of experience in sales and marketing, Mr Kerr’s career includes senior sales management experience in industrial manufacturing across the UK, Europe and the Middle East. He has managed sales activities on both national and international levels.


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