Worldwide Responsible Accredited Production
Global cotton prices continued to drop in May, completing the month at 60 percent below pricing from the previous year. The 7-market average U.S. spot price fell more than 20 cents in this month, from $0.83 to $0.62. The drop in pricing has both positive and negative affects—negatively impacting cotton growers and producers but reducing [...]
Posted on June 26th, 2012 by wrapadmin
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Argentina’s economy has been volatile over the last few decades—the country has still not made good on its international debts following the 2001 economic crisis. Faced with increasing inflation and decreasing economic production, President Cristina Kirchner this year introduced new tariffs designed to protect domestic industry and save workers’ jobs. However, her economic policies have [...]
Posted on June 25th, 2012 by wrapadmin
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The buzz about the BRICs continues to grow and Brazil, in particular, has been in the spotlight. As its economy continues to thrive—so does its potential as a luxury market and, correspondingly, its domestic apparel consumption and production. Brazil is currently the world’s sixth-fastest growing economy and the seventh largest country in terms of GDP. [...]
Posted on June 22nd, 2012 by wrapadmin
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As China continues its rapid economic growth, the costs of apparel production continue to rise. The cost of living in China is increasing—and so are the wages paid to apparel workers, making it more expensive to source from the Asian giant. Additionally, the Chinese middle class is rapidly growing—with hundreds of thousands of people rising [...]
Posted on June 21st, 2012 by wrapadmin
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