More about Sourcing – Page 4
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News briefsWCO and UNCTAD strengthen cooperation to enhance supply chain digitalization
The World Customs Organization (WCO)’s secretary general, Kunio Mikuriya and his homolog at the United Nations Conference on Trade and Development (UNCTAD), Rebeca Grynspan, signed a Memorandum of Understanding (MoU) on Oct. 4 that aims to improve supply chain digitalization and data sharing for global trade industries. The MoU, which ...
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News briefsICC urges companies to pilot the new sustainability framework
The International Chamber of Commerce (ICC) has launched a call to banks, corporates and tech companies to take part in piloting a framework to grade the sustainability profile of individual trade transactions. In the project’s first phase, the piloting of the new Sustainable Trade Framework will focus on the textile ...
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News briefsFalling cotton prices
Cotton prices are dropping amid economic concerns and weak demand as fears of a global economic slowdown might negatively impact demand for apparel and other goods. In its report for September, cotton market information resource Cotlook said that international cotton prices “reversed direction in dramatic fashion” during the month, registering ...
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News briefsAnother strike at the largest port in the U.K.
The second strike in a few weeks at the Port of Felixstowe could put further strain on supply chains. The union called a nine-day strike on Tuesday Sept. 27. The Port of Felixstowe is the largest port in the U.K. Already last month, about 1,900 port employees participated in a ...
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News briefsNFW Footwear Collective is growing
New Balance and Wolverine Worldwide have joined Natural Fiber Welding’s (NFW) Footwear Collective, a cooperative platform aiming to promote widespread adoption of low carbon, biobased materials from nutrients, which are safe to return to the earth at the end of a product’s life. Through the Footwear Collective, NFW and its ...
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News briefsThe EU supports circular sportswear project with funds
An initiative to make 100 percent bio-based performance sportswear is to get funding from the European Commission as part of its S4 Fashion project, with the contribution of the EU’s European Innovation Council and SMEs Executive Agency (EISMEA). BioAce is a joint project from Circuvate, a German sustainable materials consultancy, ...
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News briefs
A new Fashion Innovation Center in New York
New York governor Kathy Hochul has announced $10 million in state funding for the establishment of a new Fashion Innovation Center (FIC), which will focus on promoting New York State-produced smart and sustainable textiles. Hochul announced the FIC during New York Fashion Week, on Sept. 7-14. “The Fashion Innovation Center ...
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News briefsComeback of Munich Fabric Start after the pandemic
Source: Munich Fabric Start The 50th edition of Munich Fabric Start, the international fabric trade show in Munich, which was held from Aug. 30 to Sep. 1, hosted around 900 exhibitors from 40 countries on a total exhibition area of 45,000 square meters. The event’s exhibition area ...
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ArticleSri Lanka apparel forum sees apparel sector unaffected by political turmoil
In the face of the current political development in Sri Lanka, the country’s Joint Apparel Association Forum (JAAF) has called on all party leaders to urgently clear the way for an all-party government with elections as soon as possible to restore stability and rebuild confidence in the country - locally ...
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News briefsDouble-digit sales growth for sporting goods in Spain
Sales of sporting goods in Spain (sell-out) grew by 11 percent in 2021 compared to 2020 and reached €8.58 million, according to a report elaborated by Sportpanel for the Spanish trade association Afydad. The increase was primarily driven by the bicycle sector, which registered a 10.8 percent increase versus 2020 ...
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ArticleOpinion: Fighting the good fight
In the last 30 years, Sri Lanka has lived through a debilitating civil war, a tsunami, the Easter Sunday bomb attacks and the two-year-long pandemic. As a nation, we have battled through them all, emerging bruised but not broken. We are resilient, and yet again, we will overcome the current ...
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News briefsEU and New Zealand agree on free trade agreement
The European Union and New Zealand have agreed on a joint Free Trade Agreement (FTA). According to estimates, trade could increase by around 30 percent. The EU is currently already New Zealand’s third-largest trading partner. In addition to consumers and trading companies, agriculture is also expected to benefit. “Our EU-NZ ...
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ArticleClosed paper mill in Finnish Lapland becomes Infinited Fibers' new factory
After talking earlier this year of plans (as reported by our sister publication, The Outdoor Industry Compass) to invest some €220 million in a new regenerated textile fiber factory – though no site had reportedly been found at the time – fashion and textile technology company Infinited Fiber Company now ...
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ArticleANWR Group to add 2,500sqm to Mainhausen order center for new showrooms
ANWR Group announced plans to add a new building to its existing Ordercenter O1 on the Mainhausen Campus in Germany. Following the building permit submission, the symbolic groundbreaking ceremony is scheduled for October 2022, with completion planned for December 2023. Showrooms ranging in size from 100 to 500 square meters ...
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News briefs
Bangladesh harbor depot fire: 49 dead, hundreds injured, millions worth of garments destroyed
At least 49 people, including seven firefighters, died, and at least 300 people were injured when a fire broke out at a container depot in Bangladesh over the weekend, triggering a massive chemical explosion, according to several media reports. The fire broke out late Saturday night at the depot in ...
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News briefsContainer xChange: Peak shipping season could be worse than last year
More than half (51 percent) of 200 forwarders, traders and shippers surveyed recently by Container xChange, a Hamburg, Germany-based technology infrastructure provider for container logistics companies, are predicting a “worse” third quarter shipping season than in 2021 when cargo surges resulted in record container shipping freight rates, delivery delays, port ...
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News briefsNew Balance joins Land to Market
New Balance has announced its membership in Land to Market, an outcome-based verified sourcing solution for raw materials from verified regenerative land with headquarters in Boulder, Colorado. Regenerative agriculture is a conservation and rehabilitation approach to food and farming systems that goes beyond sustainability to improve the entire ecosystem continuously. ...
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News briefsKeynote speakers for Better Cotton Conference announced
The Better Cotton Conference in Malmö, Sweden, on June 22 and 23, has announced two of its keynote speakers: Balubhai Parmar and Lacy Vardeman. Parmar is a cotton grower from Gujarat, India, who leads an enterprising group of Better Cotton farmers that are all small enterprises. At the conference, he ...
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News briefsPerformance Days & The Loop: The industry reunion on April 27-28
The specialized ingredient sourcing show Performance Days and its digital version The Loop are thoughtfully aligned with the sourcing schedules of the industry and give product designers and managers the chance to finally meet in person again. On April 27 and 28, the industry is offered the chance for face-to-face ...
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ArticleIndian apparel sector expects boost thanks to trade agreement with Australia
The India-Australia Free Trade Agreement, officially called the Australia-India Economic Cooperation and Trade Agreement (AIECTA), is the first trade agreement India has signed with a developed economy in more than a decade. Negotiations began in 2011 but were suspended in 2015 as talks stalled over issues such as market access ...
