Search Results for: America

The garment and textile industries in the European Union (EU) and the Mercosur region of South America (Southern Common Market, in the Spanish initials) are losing hope after 25 years of negotiations to finalise a long-touted trade agreement.

Often, when both sides thought a deal was almost reached, there has been a setback for a deal that would link the 27 EU member states with Argentina, Brazil, Paraguay and Uruguay.…

DIGITAL printing may be relatively new to packaging, but it is fast becoming a key player in the highly competitive packaging market, say experts. Indeed, Ohio, USA-based market research company Smithers says digital will be the fastest growing print technology for packaging from 2022 to 2027.…

Predictions that a post-pandemic surge in nearshoring would follow clothing brand fears about volatile supply chains have only been partly realised. Inadequate advances in automation, limited raw material supplies, lack of appropriate infrastructure and persistent high costs have limited the ability of many near-sourcing industrial hubs close to Europe and north America to grab market share from Asia.…

The seizure of criminal proceeds has been a policy priority of the current Singaporean presidency of FATF (the Financial Action Task Force) (1). But while it and jurisdictions such as the European Union (EU) are developing reforms to boost asset recovery, more change is needed for this tactic to become a truly effective weapon against organised crime.…

A major India-based apparel manufacturer and exporter, Matrix Clothing, has told WTiN how it is testing and developing AI-based technology solutions to optimise quality control, fabric checking and detection of flaws in its finished products. The company is looking to detect stains, broken stitches and uncut threads with this innovative technology, which it can then remove from its production stream, for example.…

AML experts are increasingly concerned that jurisdictions worldwide are still failing to act against key enablers of money laundering, such as lawyers, trust and company service providers (TCSPs), accountants, estate agents, casinos and luxury goods traders, who ask no questions or ignore money laundering (ML).…

Governments worldwide are thinking hard about cushioning impacts from the shift to EVs on auto companies, their suppliers and workers, avoiding political and industrial relations blowbacks from related job losses, plant closures and, sometimes, labour shortages.

In Europe, American and locally-owned auto companies have been, with labor unions, pressing European Union (EU) lawmakers for more funding and specialist programs to ease the ICE to BEV switch in automaking regions.…

Chinese sportswear giants Li-Ning Company Ltd and Anta Sports Products Ltd may have lost significant value (70% and 27% respectively) in Hong Kong’s Hang Seng Index at the close of 2023, but industry experts remain confident they will continue to be forces Western sportswear brands will have to reckon with in 2024.  …

The new libertarian Argentine government’s strategy to restore a strangled economy, battling recession and a triple-digit inflation, is expected to boost wool exports from the country, experts have predicted.
The new president, the far-right outsider Javier Milei, was elected in November (2023), promising drastic economic reforms in Latin America’s third-largest economy, which is facing its worst economic crisis in two decades.…

Fraud and deception thrive in opacity and ignorance, and these problems are increasingly present in the business world of mainland China, experts are warning: “Acquiring accurate information about Chinese corporations, business relationships and supply chains has never been more difficult and is growing more difficult by the day.”…