Business & Productivity
What potential do measures to increase Business & Productivity hold for factories in Asia?
Actions to improve Business & Productivity outcomes hold great potential for industry-wide sustainability in Asia. Discover best practices, in-depth industry news, and upcoming events and trainings related to Business & Productivity, and network with industry insiders working towards improving productivity and competitiveness in the garment and textiles sector in Asia.
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Why mainstreaming green finance is key to real industry sustainability
Green sustainability metrics are evolving quickly, with financial institutions increasingly adopting them. Innovation in green financing is key to ensure a fair and just transition, says Rakesh Vazirani, Head of Sustainability Services at TÜV Rheinland Group.
“This widespread breakdown across the industry has illuminated how fragile the system really was”
Industry experts agree that the COVID-19 pandemic will continue to shape garment production in Asia far into 2021 and beyond. But how will the pandemic affect garment production systems and practices? And manufacturers and workers? Here are the perspectives of industry stakeholders.
Learning: Want to know what the Factory Improvement Toolset (FIT) is all about?
Learn more about the FIT and what added value it has for manufacturers in particular. It's just a click away!
Latest News on Business & Productivity
Indian Fashion Brand introduces 90-Minute Delivery
NewMe, an Indian-based fashion brand located in high-tech sector Karnataka has launched a 90-minute e-commerce delivery service in selected area codes. Customers can now choose from over 6,000 fashion pieces and have them delivered within 90 minutes. According to the CEO, Sumit Jasoria, the service reflects the brands dedication to customer experience.
Read MoreProduction costs, inflation and informal work on the rise in Türkiye
The ready-to-wear sector in Türkiye is facing challenges as employment and production has been significantly declining in recent years. Rising inflation and production costs have led to companies shifting their production to countries such as Bangladesh and Egypt, particularly for jeans. While a total of 983,000 people has lost their jobs, there has been a steep increase in informal or unregistered work.
Read MoreBangladesh's government to review current minimum wage
While Bangladesh is still navigating through a dynamic period of substantial changes, the interim government has agreed to review the current minimum wage to support industries and address rising costs of living. The announcement of the decision was followed by a meeting with government advisors. Soon, tripartite consultation involving the government, factory owners, and labor unions will be held.
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