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H&M conscientious sustainable brand
It remains to be seen whether other brands will take action
Due to the outbreak of the epidemic, Swedish retail giant H&M will suspend the dispatch of new orders to designated supply factories in Bangladesh. Apparel suppliers around the world, including in Bangladesh, have come under fire for canceling work orders and delaying shipments.
However, there is currently news that H&M has assured its clothing suppliers that it will fulfill its commitments to clothing manufacturing suppliers by delivering the clothing that has been produced and the goods in production, and will not be responsible for the orders that have been placed. bargain. H&M has set an example for other retailers, which also brings relief to some Bangladeshi exporters. According to industry insiders, H&M purchases nearly $4 billion worth of clothing and textiles from more than 230 Bangladeshi factories every year.
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H&M’s warm policy for suppliers
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H&M announced that it will pay The canceled supplier has already produced the order and will not negotiate the price of the placed order, setting an example for other retailers. Its new CEO shows that only in this way can brand companies be truly sustainable. Other brands must act like H&M, and the world will wait and see.
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Integrity is the eternal theme!
The above are screenshots of information released by foreign companies. Baidu translated the following:
“H&M has set the standard – now others must follow
H&M has become the first and so far the only retailer to agree to pay suppliers for canceled orders suppliers.
The company also said it will not negotiate the price of orders placed.
This is a true act of leadership, not words.
Only Only when brands operate in this way can we create a truly sustainable industry.
Helenes Helmerson became CEO of H&M in January this year. She has already shown herself with this gesture Is a visionary leader.
All other brands must follow H%M. The whole world is watching.”
H&M stated that they are well aware of their suppliers and their Employees are extremely vulnerable in this situation. In the face of all uncertainties, we hope to maintain transparent and clear communication with suppliers and have close and open dialogue on short-term and long-term plans.
Picture from Alden wicker’s Twitter screenshot
Sustainable fashion writer Ms. Alden wicker and Bangladesh Denim Expo Mr. Mostafiz Uddin, founder and CEO of Bangladesh Apparel Exchange (BAE), also praised H&M’s behavior and reprinted this article from The daily star.
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H&M rescues clothing suppliers
Swedish retail giant H&M yesterday assured its clothing suppliers that They are shipping goods that have already been manufactured, which brings relief to some Bangladeshi exporters. H&M presented the information at a time when clothing suppliers around the world, including in Bangladesh, were under fire for canceling work orders and delaying shipments.
H&M said in a media message: “We will fulfill our commitments to our clothing manufacturing suppliers by delivering garments that have been produced as well as goods in production.”
The Swedish company There is no mention of any specific supplier in any particular country. According to industry insiders, H&M purchases nearly $4 billion worth of clothing and textiles from more than 230 Bangladeshi factories every year.
H&M said: “Of course we will pay for these goods, and we will pay according to the agreed payment terms. In addition, we will not enter into price negotiations for orders that have been placed.” At this time, it is necessary to temporarily suspend New orders and evaluating potential changes to recently placed orders. H&M added: “As soon as the situation allows, we will start placing orders again.”
Meanwhile, according to the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), as of 5 pm yesterday, 1,025 Factories reported canceling 864.17 million work orders worth $2.81 billion.
H&M said it was aware that suppliers and their employees were extremely vulnerable in this situation. “Given the changing situation and the uncertainty we, the industry and the world face, we want to be transparent and transparent with our apparel suppliers.” The Swedish company said the entire fashion industry is now facing its biggest challenge.
“And we use all our networks and contacts to find solutions where we can contribute in the best way.” H&M Companies such as China play an important role in many developing countries as well as in global trade. The textile industry contributes to economic growth, employment and stability in textile-producing countries.
The retailer added: “In this context, we are delving into how to provide the country, society and individuals with a healthy and financial perspective.support. In the first emergency phase, we will focus our efforts on countries that are highly dependent on the textile industry. ”</p
