Fashion & Lifestyle

Bangladesh fears ‘inadequate’ feeder services could result in a cotton crisis

Bangladeshi textile millers fear a massive shortage of cotton in the coming months, as shipping lines seem ‘unwilling’ to carry Chittagong-bound cargo owing to a shortage of feeder vessels.
“Mother vessels wait in transhipment ports, but feeder services are inadequate and fail to reach them in time,” said Mohammad Ali Khokon, president of the Bangladesh Textile Mills Association (BTMA).
With no deepsea port, Bangladeshi textile exports and imports are dependent on feeder …

The post Bangladesh...

https://theloadstar.com/bangladesh-fears-inadequate-feeder-services-could-result-in-a-cotton-crisis/

Jochen Freese joins Forto as EVP of procurement and business development

Digital freight forwarder Forto has appointed ex-Ceva executive Jochen Freese (above) as its executive VP of procurement and business development, confirming news broken by Loadstar Premium in October
“Jochen has a proven track record in helping large, worldwide customers in such industry segments as retail and fashion, hi-tech, healthcare and automotive optimise their transport and logistics,” said Forto CEO and co-founder Michael Wax.
“This customer focus, combined with his experience in...

https://theloadstar.com/jochen-freese-joins-forto-as-evp-of-procurement-and-business-development/

New lockdown and suspension of passenger flights hit Bangladesh exports

A capacity crunch, caused by the suspension of international passenger flights, has increased air freight rates out of Bangladesh by up to 30%, with a particular rise in Dhaka-US lanes.
As the Covid-19 situation worsened, Bangladesh’s government enforced a ‘hard-lockdown’ on 14 April and, since then, all regular passenger flights have been suspended.
About 65% of all air freight out of Bangladesh is carried on on passenger aircraft, according to Kabir Ahmed, president of the …

The post New...

https://theloadstar.com/new-lockdown-and-suspension-of-passenger-flights-hits-bangladesh-exports/

Factories must stay open, plead exporters, as Bangladesh goes into lockdown

The world’s clothing factory, Bangladesh, today announced an ‘all-closed’ week-long lockdown, starting on Monday.
It includes all factories, transport and shops, and will create uproar among the country’s export-oriented industry.
Only the emergency services will remain open, and the movement of people will be severely restricted in a bid to stop the spread of Covid-19.
During the past few weeks, the number of infections and deaths has risen sharply as restrictions were more relaxed …

The post Fa...

https://theloadstar.com/factories-must-stay-open-plead-exporters-as-bangladesh-goes-into-lockdown/

‘Chicken-and-egg effect’ adding pressure on already stressed US importers

The financial cost to major shippers of the twin supply chain challenges of container shortages and port congestion are becoming increasingly apparent as BCOs begin to report quarterly figures.
On Friday, US footwear and apparel giant Nike released its third-quarter results – covering its operating performance from December to the end of February – which revealed quarterly revenue in North America down 11% year on year.
This was a result of “container …

The post ‘Chicken-and-egg effect’ adding...

https://theloadstar.com/chicken-and-egg-effect-adding-pressure-on-already-stressed-us-importers/

Himatsingka appoints Import Services as logistics partner for the UK region

Himatsingka is pleased to appoint Import Services as its logistics partner in the UK to provide retail supply chain services across their distribution network.
The partnership enables Himatsingka to take full advantage of Import Services’ new Container Port facility at Southampton Container Port, UK. This location expands by another 30,000 pallets in June this year, providing a real edge in terms of speed to market from a bonded port-centric location, for …

The post Himatsingka appoints Import...

https://theloadstar.com/himatsingka-appoints-import-services-as-logistics-partner-for-the-uk-region/

More misery for Bangladeshi fashion houses as prices fall below cost

Bangladesh’s apparel makers are now working at below cost – or shutting their doors as lockdowns around the world continue to dampen demand,
The closure of just one apparel factory last week saw 6,000 Bangladeshi workers jobless, and others with no new orders are considering closure .
Lenny Fashions, located in the Dhaka Export Processing Zone, is a subsidiary of Hong Kong-based Must Garment, and closed on 1 February, owing to a …

The post More misery for Bangladeshi fashion houses as prices...

https://theloadstar.com/more-misery-for-bangladeshi-fashion-houses-as-prices-fall-below-cost/

Vaccines: a shot in the arm for economies – and retail forwarders

The UK is among those countries looking forward to an economic rebound when lockdown finally comes to an end – alongside expected newfound consumer confidence following a (literal) jab in the arm. With an extra £125bn holed up in bank accounts, as consumers have been unable to consume much, the Bank of England is expecting a nice fillip for the economy. And forwarders are gearing up for an influx of …

The post Vaccines: a shot in the arm for economies – and retail forwarders appeared first on The...

https://theloadstar.com/vaccines-a-shot-in-the-arm-for-economies-and-retail-forwarders/

Retailers sinking deeper as supply chain problems and cost challenges bite

Retailers are struggling to cope with the impact of the pandemic on their business – woes mirrored in their supply chains, which show serious deficiencies on multiple fronts.
But the overall pressure they are under affects their ability to overcome these challenges.
In a study published recently by LogiSource in partnership with Coresight Research, 88% of retail executives surveyed reported that the Covid-19 pandemic had at least a moderately negative impact on …

The post Retailers sinking...

https://theloadstar.com/retailers-sinking-deeper-as-supply-chain-problems-and-cost-challenges-bite/

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