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‘Alarming’ Discounts Crush Garment Suppliers: Report

Join us on January 26 at 11 am ET for a webinar with Lenzing, TextileGenesis and sustainable brand ArmedAngels for a discussion on how they’re using Fibercoin technology to realize traceability’s benefits to sustainability, brand loyalty and risk mitigation.

The en-masse cancellations that occurred just as Covid-19 gripped the globe have dealt garment factories a body blow, and now labor researchers say that brands and retailers are “leveraging desperation” to demand steep discounts on new orders as buying begins to pick up again. Indeed, buyers have asked suppliers to lower their prices for the…

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