Sourcing news and insights for the sporting goods industry – Page 7
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ArticleStrong start of the Functional Fabric Fair in New York
Functional Fabric Fair New York – powered by Performance Days® is a trade-exclusive event showcasing the latest trends in fabric development for the functional textile industry and provides a suitable marketplace in the U.S. for sourcing high-performance functional fabrics and accessories. On July 19-20, for the first time in three ...
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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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ArticleCoats acquires Texon
Coats Group, a U.K.-based manufacturer of industrial yarns, has reached a definitive agreement to acquire Texon, a supplier of components and materials for footwear, accessories and apparel for Nike, Adidas and other brands, for an enterprise value of $237 million and a total cash value of $211 million after deductions ...
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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 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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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 ...
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ArticleChina’s worst Covid outbreak since Wuhan is the next threat to the supply chain
Even before the initial problems caused by the pandemic could be solved, the war in Ukraine created new ones. And now, despite all precautions, the Omicron BA mutant of Covid-19 is spreading rapidly in China. The epicenter of infection was the northeastern province of Jilin, on the border with North ...
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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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ArticleThe Climate Pledge announces nearly 100 new signatories
Amazon and Global Optimism announced that more than 300 companies have now signed The Climate Pledge, an increase in signatories of nearly 600 percent over the past year. The nearly 100 new signatories include the world’s largest container shipping company Maersk, leading enterprise software developer SAP, North American lumber company ...
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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 ...
