News briefs – Page 3
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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 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 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 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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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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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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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 briefsJP Modatex premiers stretch linen with DuPont Sonora fibers
JP Modatex, an Indian manufacturer of premium and specialty ring spun yarns for apparel and home textiles, has managed to blend linen fibers with DuPont’s Sonora stable fibers, a partially plant-based polymer material, to create ring-spun linen-based yarns and fabrics that offer comfort stretch. As linen is so far impossible ...
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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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News briefsU.S. Customs detains goods from Li-Ning at border
Effective March 14, 2022, the U.S. Customs and Border Protection (CBP) has detained merchandise produced or manufactured by Li-Ning at all U.S. ports of entry. The measure is the result of an investigation by the CBP indicating Li-Ning uses North Korean slave labor in its supply chain. In the statement, ...
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News briefsDecathlon partners with GIZ on sustainability efforts in Vietnam
Decathlon and the German Development Agency (GIZ – Deutsche Gesellschaft für Internationale Zusammenarbeit) will be collaborating this year on two joint initiatives to reduce the environmental impact of Vietnam’s garment and textile factories. The two joint projects are “Climate Protection through Sustainable Bioenergy Markets in Vietnam” (GIZ BEM) and “Fostering ...
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News briefsTrusTrace starts new software solution for real-time traceability from fiber to product
Software service supplier TrusTrace, based in Stockholm and Coimbatore, India, has launched its new TrusTrace Certified Material Compliance platform, a software solution that aims to link all purchase orders to production steps, certificates, supplier declarations and quality reports for real-time traceability. The new TrusTrace Certified Material Compliance service wants to ...
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News briefsNew Bleckmann distribution center opened in the U.K.
Bleckmann, a leading Dutch provider of supply chain management services to the fashion and lifestyle market with customers such as Gymshark and Superdry, among many others, has opened a new fulfillment center in Lutterworth, its fourth location in the U.K. The brand new building at Magna Park has a floor ...
