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Nike has announced 1,600 job cuts worldwide
Recently, according to the Wall Street Journal Chinese website reported that Nike CEO John Donahoe said in an email that the company would cut 2% of its workforce. Nike employs about 83,700 people worldwide, and estimates that the company could cut more than 1,600 jobs. In Greater China, N...Read more -
Reduced capacity, “one box hard to find” again? Multi-port response
Since mid-December, the situation in the Red Sea has continued to be tense, and many ships have begun to circumnavigate the Cape of Good Hope. Affected by this, global shipping has fallen into the concern of rising freight rates and unstable supply chains. Due to the adjustment of capacity...Read more -
More than 31,000 Nike OEM factory, orders have been arranged to the end of June!
On January 20, according to media reports: At the end of the year, thousands of workers at Viet Tien (Vietcong) Joint Stock Company (HCMC) are running at full capacity, working overtime to rush fashion orders from partners in preparation for the biggest holiday of the year – the Lunar New Y...Read more -
Burst in the early morning! Big explosion in Russian port!
According to Reuters on January 21, local officials said that a fire broke out in the port of Ustiluga, Russia’s commercial port on the Baltic Sea, in the early morning of the same day. Reports say the fire was caused by two explosions. Massive explosion in Russian port The fire brok...Read more -
Both inside and outside favorable cotton prices break through important resistance
China Cotton network special news: On January 22, ICE cotton futures continued to strengthen, and the strong trend of the Dow Jones Industrial Average provided help for the cotton market. On Friday, all U.S. stock indexes hit new highs, and cotton has technically broken out, while the seasonal ma...Read more -
Escalation in the Red Sea! Maersk: Suspension of multiple booking
The situation in the Red Sea continues to deteriorate and tensions continue to rise. On the 18th and 19th, the US military and the Houthis continued to attack each other. A spokesman for the Houthi armed forces said on the 19th local time that the group fired several missiles at a US ship “...Read more -
“Erbin” fire, there is a business sewing machine are “step on smoke”! Demand positive feedback, polyester rebound!
Harbin tourism continues to be hot, the heat of “ice and snow economy” has also risen, and this “magnificent wealth”, thousands of miles away from Zhejiang textile enterprises, has also steadily caught. This winter, children’s ski suits, goggles and gloves produced b...Read more -
It’s a good time! Coastal textile printing and dyeing enterprises to the inland transfer, Hubei opportunity to come!
On January 11, the 9th edition of the Economic Daily reported on Hubei, and launched an article “Revitalizing traditional advantageous Industries – Hubei undertakes a survey on the transfer of coastal textile and garment Industry”. Focus on Hubei to seize the new development pat...Read more -
Local overseas orders surge, it is difficult to hide the fact that the probability of decline! The reduction of polyester filament has exceeded one million
Entering the countdown to the Spring Festival, polyester and downstream equipment maintenance news is frequent, although the surge in overseas orders in local areas is heard, it is difficult to conceal the fact that the industry’s opening probability is declining, as the Spring Festival hol...Read more -
Imported yarn: traders take goods enthusiasm high textile confidence continues to recover
China Cotton network news: According to the feedback of some cotton processing enterprises in Shihezi, Kuytun, Aksu and other places, with the recent Zheng cotton CF2405 contract continuing to store power near the 15,500 yuan/ton mark, the volatility of the plate has been reduced, coupled with th...Read more -
Blockbuster: In 2025, Suxitong high-end textile cluster 2-year plan! The industrial output value reached 720 billion yuan!
Recently, the Jiangsu Provincial Department of Industry and Information Technology officially released the “Jiangsu Suzhou, Wuxi, Nantong high-end textile National Advanced Manufacturing Cluster Cultivation and upgrading three-year action Plan (2023-2025)” (hereinafter referred to as ...Read more -
A number of giants announced the suspension of transport! Several shipping companies decided to make a detour! Freight rates shoot up
Japan’s three major shipping companies stopped all their vessels from crossing the waters of the Red Sea According to the “Japanese Economic News” reported that as of the 16th local time, ONE- Japan’s three major domestic shipping companies – Japan Mail...Read more -
In December, textile and garment exports resumed growth, and the cumulative export in 2023 was 293.6 billion US dollars
According to the latest data released by the General Administration of Customs on January 12, in dollar terms, textile and garment exports in December were 25.27 billion US dollars, which turned positive again after 7 months of positive growth, with an increase of 2.6% and a month-on-month increa...Read more -
Price hikes sneak in? Some manufacturers have ordered to April-May!
Last Monday, the wave of orders at the end of the year came to the busy boss of the weaving factory, of course, with the improvement of the market, the increase of orders at the same time, the price must not be less, this does not have a textile boss revealed… “228 Tasilong sol...Read more -
Freight rates soared 600% to $10,000? ! Is the global shipping market OK?
As the situation in the Red Sea heats up, more container ships are bypassing the Red Sea-Suez Canal route to bypass the Cape of Good Hope, and freight rates for Asia-Europe and Asia-Mediterranean trade have quadrupled. Shippers are rushing to place orders in advance to mitigate the impact ...Read more -
More than 30 sets of polyester new equipment put into production pressure: in the first half of the year, the “inner roll” is aggravated, and the bottle flake, DTY or near the profit an...
“With the production of more than 30 new units in the polyester market in 2023, competition for polyester varieties is expected to intensify in the first half of 2024, and processing fees will be low.” For polyester bottle flakes, DTY and other varieties that are put into production m...Read more -
Up 47.9%! Us East freight rate continues to rise! Up 47.9%! Us East freight rate continues to rise!
According to the Shanghai Shipping Exchange news, driven by the rise in freight rates on European and American routes, the composite index continued to rise. On January 12, the Shanghai export container comprehensive freight index released by the Shanghai Shipping Exchange was 2206.03 poin...Read more -
Us cotton is expected to increase sharply, cotton prices or difficult to raise!
In the first week of the New Year (January 2-5), the international cotton market failed to achieve a good start, the US dollar index rebounded strongly and continued to run at the high level after the rebound, the US stock market fell from the previous high, the influence of the external market o...Read more -
Yarn prices slightly increased yarn factory inventory still loss?
China Cotton network news: According to the feedback of several cotton spinning enterprises in Anhui, Shandong and other places, with the overall increase in the factory price of cotton yarn since the end of December by 300-400 yuan/ton (since the end of November, the price of conventional comb y...Read more -
Uniqlo, H&M’s Chinese supplier Shanghai Jingqing Rong Clothing opened its first overseas factory in Spain, and H&M’s Chinese supplier Shanghai Jingqing Rong Clothing opened it...
Chinese textile company Shanghai Jingqingrong Garment Co LTD will open its first overseas factory in Catalonia, Spain. It is reported that the company will invest 3 million euros in the project and create about 30 jobs. The Government of Catalonia will support the project through ACCIO-Catalonia ...Read more
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