Insights US tariffs are projected to reach 15 per cent by end of 2025, triggering stagflation domestically and a global demand shock, according to Nomura. While central banks may cut rates, the Fed is likely to stay on hold. China faces export and property headwinds, Europe may benefit long-term, and Japan sees inflation easing. India emerges as a key winner from global supply chain shifts, the report noted. The average US tariffs levels will be around 15 per cent by end of 2025, marking the

Insights The WTO global goods trade saw a strong uptick in early 2025, driven by importers frontloading purchases ahead of anticipated higher tariffs. However, weakening export orders suggest this momentum may not be sustained. It rose to 103.5 from 102.8 in March, while the new export orders index fell to 97.9, pointing to weaker trade growth later this year. The raw materials index showed modest growth. The World Trade Organization’s (WTO) global goods trade posted a strong uptick ear

Insights KPMG forecasts global GDP to slow to 2.7 per cent in 2025 amid rising geopolitical, policy shifts, and economic uncertainty. Business leaders cite volatility, tariffs, and trade disruptions as key concerns. KPMG urges companies to treat geopolitical risk as a strategic asset and stay agile in a shifting, multipolar and uncertain global landscape. The gross domestic product (GDP) internationally is poised to slow from 3.2 per cent in 2024 to 2.7 per cent in 2025 before regaining some

Insights Textiles and apparel aren't considered critical, but 45 per cent of trade value in the sector may be exposed to shifts in trade corridors, McKinsey & Company said. Trade routes in general face high variability in growth under different scenarios, with one-third of global trade potentially exposed to volatility by 2035, it noted. Corridors among emerging economies could be among the safest bets. Textiles and apparel are not considered critical, but given their distinct dynamics, 4

Insights A Rebound Returns survey of over 5,000 consumers in the US shows rising demand for sustainable returns, with 18 per cent willing to pay extra—rising to 32 per cent among 16–24-year-olds. While cost remains a barrier, most want greener options. Interest in circularity is also strong: 67 per cent want electronics recycling and 60 per cent want fashion donation services. A new research by Rebound Returns has highlighted a growing demand for greener reverse logistics, with 18

Insights A new OECD-UNDP report finds that well-designed, ambitious climate plans (NDCs) can boost global GDP, align with development goals, and reduce climate risks. Despite progress in clean energy and net-zero targets, emissions hit a record high in 2024. With COP30 approaching, enhanced NDCs offer a chance to drive inclusive growth, resilience, and investment. Aligning climate policies with economic and social priorities can lead to higher global GDP, said a recent report by the Organisat

Insights China has expanded its zero-tariff policy to cover 100 per cent of imports from least developed countries (LDCs) with diplomatic ties, effective from December 1, 2024. At a WTO meeting, China also pledged full tariff exemption for 53 African nations and offered support through trade facilitation and training. The move was welcomed by WTO members. China has expanded zero-tariff treatment to cover 100 per cent of imported products from least developed countries (LDCs) maintaining diplo

Insights China's cross-border e-commerce exports have surpassed 2 trillion yuan (~$278.59 billion) in 2024 for the first time, marking a major milestone, according to the General Administration of Customs (GAC). Exports grew 16.9 per cent year on year to reach 2.15 trillion yuan, with the US, UK, and Germany being the top export markets. Consumer goods dominated trade flows. China’s cross-border e-commerce exports have surpassed 2 trillion yuan in 2024—around $278.59 billion&mdas

Insights Fitch Ratings has downgraded its 2025 outlook for North America and EMEA ports to 'deteriorating' amid trade wars and tariffs. APAC and Latin America remain 'neutral' due to trade diversification and structural strengths. Credit risks rise in North America and EMEA, while APAC and Latin America show resilience through broader trade ties and contracts. Fitch Ratings has revised its mid-2025 outlook for the port sectors in North America and Europe, the Middle East and Africa (EMEA) re

Key Takeaways Ethical sourcing is becoming a global norm in the textile industry, driven by regulations, consumer demand, and sustainability goals. Updated OEKO-TEX standards and EU laws like CSDDD and LkSG promote transparency and due diligence. Brands prioritising ethics gain customer trust, reduce risks, and ensure long-term growth. Consumers now actively seek certified, responsibly made products. The UK-headquartered Chartered Institute of Procurement & Supply (CIPS) defines &lsqu