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32% Bangladesh RMG units didn’t implement higher wage till Sep 2024

In spite of a December 2023 Bangladesh government order asking RMG units to raise minimum wages, 32 per cent have failed to do that, a study conducted between September and December 2024 revealed.
All non-compliant units are located outside the export processing zones.
The wage hike has put the factories under financial pressure, but most have received no help from buyers or the government.Read More

04.05.2025Comments Off
UK manufacturers face tough operating backdrop in Apr: S&P Global

UK manufacturers faced a tough operating backdrop in April, with market uncertainties rising, client confidence retreating and cost pressures intensifying, according to S&P Global Ratings.
Manufacturing production contracted again in April, albeit to a slightly lesser extent than in March.
The total level of new business placed with UK manufacturers contracted for the seventh month in a row.Read More

04.05.2025Comments Off
US Chamber calls on Trump administration for immediate tariff relief

The US Chamber of Commerce has urged the Trump administration to ease tariff burdens on small businesses by granting automatic and conditional exclusions.
Highlighting rising costs and supply chain disruptions, the Chamber proposed relief for products unavailable in the US and protection for jobs at risk.
Thousands of firms shared concerns about tariff impacts on operations and employment.Read More

04.05.2025Comments Off
Japan’s apparel imports from China fall 7.6% in 2024, hit 4-year low

Japan’s apparel imports from China fell for the fourth consecutive year, dropping 7.61 per cent to $11.232 billion in 2024.
Volumes also declined across garment types.
Jerseys remained the top import at over 21 per cent of the total, followed by trousers, shirts, innerwear, and T-shirts.
The trend reflects a consistent shift since 2021, when imports stood at nearly $13.9 billion.Read More

04.05.2025Comments Off