July 2023

Philexport advocates for the implementation of the PEDP to safeguard the clothing industry

The Philippine Exporters Confederation Inc (Philexport) recently urged the government and private sector to work together to immediately implement the strategies outlined in the Philippine Export Development Plan (PEDP) 2023-2028 to save the domestic apparel industry in the face of global reshoring or onshoring. In a statement, Philexport trustee for the textile, yarn, and fabric …

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Sainsbury's in the United Kingdom has launched the Henry Holland x Bags of Ethics line

Sainsbury’s in the United Kingdom has launched the Henry Holland x Bags of Ethics line

From now through September, customers can purchase British Designer Henry Holland’s x Bags of Ethics special collection at Sainsbury’s stores or online. The company will donate £25,000 from the new Pride collection to Akt, a charity that provides access to jobs, education, and training to homeless LGBTQIA+ young people facing homelessness or living in a …

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UK electricity and industrial sectors are poised to lead decarbonization efforts

As tougher emissions limitations for selected high-energy businesses are established, the UK electricity and industrial sectors are likely to lead the world in decarbonization. These initiatives will aid the government in meeting its lofty climate targets. The UK Emissions Trading Program Authority (UK ETS), comprised of the UK Government, the Scottish Government, the Welsh Government, …

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This month, India and Bangladesh will begin trading in rupees

Bangladesh and India will begin trading in rupees this month, with their central banks making all necessary preparations. Beginning July 11, exporters in Bangladesh will receive export revenues in rupees, with an equal amount used to satisfy import bills. Taka trading will be introduced later. The move follows the Reserve Bank of India’s decision last …

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Freudenberg in Germany has received Material Health certification

Freudenberg Performance Materials Apparel (Freudenberg) has earned a Gold rating in the material health area of the Cradle to Cradle Certified Product Standard Version 3.1 for the thermal insulation in the product series Comfortemp soft HO 80x. The “Gold C2C Certified Material Health Certificate” confirms the materials’ safety and their significance in safeguarding human health …

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The fall edition of Intertextile Shanghai 2023 is expected to include around 1000 exhibitors

Following a successful Spring Edition of Intertextile Shanghai Home Textiles earlier this year, worldwide industry leaders are looking forward to the next international exhibition in August 2023. The three-day show will attract roughly 1,000 foreign and local exhibitors as the first Autumn Edition to be conducted in the aftermath of China easing many of its …

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Mayer & Cie’s solutions at ITMA 2023 receive an excellent response

Mayer & Cie of Germany displayed a wide range of solutions at ITMA 2023, ranging from circular knitting machines and braiders to upgrades and digital solutions, to a favorable reception from visitors. The long-established corporation is optimistic that its complete (digital) strategy will allow it to preserve and extend its market leadership. Three circular knitting …

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The textile-apparel industry is increasingly exposed to environmental changes

According to a document drafted by experts from London-based sustainability consultancy Little Blue Research and the University of Cambridge Institute for Sustainability Leadership (CISL), as nature is declining at an unprecedented rate, posing a direct threat to all human society and economic activity, business failure to act in the face of this crisis will risk …

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The World Bank has approved $1.5 billion to support India’s low-carbon transformation

The World Bank has granted $1.5 billion in financing to help India speed up its low-carbon energy growth by increasing renewable energy, creating green hydrogen, and encouraging climate finance for low-carbon energy initiatives. The International Bank for Reconstruction and Development (IBRD) loan of $1.44 billion is supported by a $1 billion UK guarantee targeted at …

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In the period January to May 2023, China’s port activity rise rapidly

During the first five months of 2023, China’s port activity increased significantly. According to figures supplied by the country’s Ministry of Transport, container throughput at Chinese ports increased by 4.8% year on year (YoY), with a total of 122.07 million twenty-foot equivalent units handled. Furthermore, the ministry indicated that cargo throughput was on the rise, …

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