Global - Apparel Architects

US apparel sector issues caution over new US-China relationship proposal The US apparel sector has raised concerns about a bipartisan proposal aimed at resetting the economic relationship between the United States and China. While acknowledging the need for reform, industry leaders warn that the proposed measures could backfire, leading to higher costs for consumers and jeopardizing the livelihoods of millions of Americans employed in the apparel industry. Points of the Proposal: Focus on reducing reliance on China: The proposal calls for diversification of supply chains, increased domestic manufacturing, and decoupling from Chinese technology and infrastructure. Government intervention: The plan advocates for stricter enforcement of trade laws, potential tariffs, and subsidies...

Fashion Forward: HSBC and Walmart Invest in $4 Million to Apparel Impact Institute’s Fashion Climate Fund New York, NY, December 14, 2023: The global fashion industry continues its journey towards sustainability with two major financial commitments. HSBC has pledged $4 million to the Apparel Impact Institute's Fashion Climate Fund, while the Walmart Foundation has granted $1.5 million to Accelerating Circularity, an initiative focused on circular economy solutions. HSBC Supports Climate Action: HSBC's contribution to the Fashion Climate Fund will support projects that reduce greenhouse gas emissions throughout the apparel supply chain. This aligns with the bank's commitment to sustainable finance and its goal of achieving net-zero emissions by 2050. The Fashion Climate Fund has...