Supply Chain Update: ILA Port Strike Averted with Tentative Agreement
The International Longshoremen’s Association (ILA) and the U.S. Maritime Alliance (USMX) have successfully negotiated a tentative six-year agreement, bringing stability to East and Gulf Coast ports after months of uncertainty.
Key Highlights of the Agreement:
- Wage Increase: Dock workers will see a 62% wage boost over the next six years, ensuring fair compensation for their vital role in the supply chain.
- Technological Modernization: The agreement lays the groundwork for port technology upgrades to enhance safety and efficiency while protecting existing jobs.
- Supply Chain Stability: This resolution is expected to maintain the steady flow of goods, benefiting businesses and consumers across North America.
What This Means for You:
Bank & Vogue customers can rest assured that port operations are back on track, minimizing potential delays in the transportation and distribution of secondhand goods.
For updates on shipments or supply chain impacts, feel free to reach out to us.
Empowering Collectors and Charities: 2025 Secondhand Wholesale Toolkit
Our comprehensive toolkit is here to empower secondhand collectors and charities like you. From optimizing your operations to understanding global market trends, this resource is tailored to support your success in the evolving circular economy.
Access the Toolkit
Need tailored support? Contact us to see how we can assist you as a supplier.
Featured Blog: Navigating the Grey Market: Implications for Luxury Resale
What happens when high-end brands enter the secondhand market? The grey market—an often-overlooked yet critical aspect of luxury resale—is rewriting the rules of ownership, pricing, and exclusivity. This blog explores how the grey market influences the secondhand luxury sector, the challenges it poses to authenticity and brand perception, and the untapped opportunities it presents for savvy stakeholders.
Discover actionable insights on how businesses can navigate this nuanced space while driving growth in the high-end secondhand market.
Global Industry Insights
EU ‘Waste’ Shipment Regulations: A New Era for Recycling:
With the 2025 European textile regulations fast approaching, collectors and sorters are recognized as critical players in the recycling chain. Giuseppe Gherzi of Gherzi AG highlights a predicted decrease in new garment production and a surge in reuse and recycling. Key innovators in North America are also preparing for these changes, showcasing global readiness.
At Bank & Vogue, we’re proud to partner with industry leaders to shape the future of textile recycling and align our wholesale operations with sustainability goals.
- Secondhand Clothing in Africa
Secondhand clothing continues to play a pivotal role in Sub-Saharan Africa’s socio-economic landscape. With growing discussions about trade and sustainability, the demand for quality secondhand items remains strong. Bank & Vogue is committed to supporting these markets with ethically sourced and meticulously sorted garments, fostering economic opportunities while reducing waste.
- Potential Impacts of a New U.S. Administration
With the inauguration of a new U.S. presidential administration, the secondhand industry is watching for key developments that could reshape trade dynamics:
We are closely monitoring these changes and will provide updates to help you navigate the evolving landscape of secondhand trade.
Updates about Bank & Vogue:
SMART Conference – Dubai 2025
We’re thrilled to announce Bank & Vogue’s participation in the upcoming SMART Conference in Dubai this February. This event will showcase our group of companies, including Beyond Retro and BVH, as we discuss innovative strategies
- Changing Consumer Perceptions Video
Explore how consumer attitudes towards secondhand clothing are evolving. Watch our latest video to learn how Bank & Vogue, Beyond Retro, and BVH are leading the charge in shaping sustainable fashion.
Contact Us to discuss how we can collaborate to create a more sustainable and profitable circular economy.
