News / The fashion for near-shoring expands, with 'microfactories' a growing trend

© Tea

Large fashion brands are turning their backs on Asia.

Italian fashion firm Benetton has moved more than 10% of its output from Bangladesh, Vietnam, China and India to European production locations this year, and more will follow.

By the end of next year Benetton aims to have halved production in Asia, and instead, will manufacture more in Croatia, Serbia, Turkey, Egypt and Tunisia. This will bring more control of the production process and transport costs, which have gone through the roof over ...