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INTRODUCTION 

Customisation is a key trend for a clothing and textile industry that looking to harness new technology to deliver consumer choice and flexibility over supply chains, including reshoring. The advent of artificial intelligence (AI) and machine learning, in addition to widespread automation of processes throughout the garment supply chain, has been hailed as a game changer.…

With Islamic finance strengthening and diversifying, service providers are increasingly targeting non-Islamic markets, competing directly with non-Islamic services. While demand in non-Islamic markets has historically been tied to factors spanning from real estate investment in GCC (Gulf Cooperation Council) economies to wealth management of non-Islamic countries’ Muslim minority populations, additional tailwinds are now deriving from Islamic finance’s closeness to the environmental, social, and governance (ESG) criteria used by socially conscious investors.…

A campaign to boycott Indian products in Islamic countries because of anti-Muslim comments made by leaders of India’s ruling Bharatiya Janata Party (BJP) may have died down for now but given the continuing Hindu-Muslim tensions in India, the risk of future supply disruption remains, warn economists.…

Russia’s invasion of Ukraine – which as of June 10 had killed 4,339 civilians (UN figures) – sparked an unprecedented range of sanctions against Russia’s financial, business and political elite. But there is little evidence as of June – with the invasion entering its fourth month – of upset Russian oligarchs pressuring President Vladimir Putin to abandon his bloody invasion, because they had lost access to their yachts, mansions and bank accounts.…

The American infant formula market has been suffering from shortages, in part, because of a problem rarely encountered in the US economy, a lack of free market competition.

The nationwide baby formula out of-stock percentage was at 74% for the week ending May 28, according to retail-tracking company Datasembly.…

The United Nations Environment Assembly’s (UNEA) planned global pact on plastic may act as a further disruptor and consolidator of efforts to address plastic packaging in the dairy industry. The legally binding agreement, which UN member states agreed would be concluded by 2024, according to a March 2022 announcement, aims to facilitate an end to plastic pollution by addressing the lifecycle of plastic, from design and production to disposal.…

Marketers for the planned Saudi Arabia megacity of Neom, a key plank of the kingdom’s Vision 2030 strategy of economic growth and diversity, will highlight it site’s ancient religious heritage and develop adventure tourism to attract five million international tourists-a-year (by 2030).…

Halal hunted game meat is becoming more popular as a healthier and premium alternative product in wealthier countries with large Muslim communities.

There are no international standards for halal game, but, according to The New Muslim Guide (https://www.newmuslimguide.com/en/your-food-and-drink/66, written by author Fahd ibn Saalim Baa Hammaam, working with Islamic scholars, “Muslims are permitted to hunt lawful animals and birds which cannot be easily caught and slaughtered”, so long as they are eaten.…

Sri Lanka’s halal-certified food and beverage industry is looking at innovative ways to weather the country’s current deep economic crisis, which is spiralling out of control – a state of emergency was imposed on Friday (May 6). Its success or failure matters because its exports account for 65% of Sri Lanka’s total food and drink exports, which generated average annual receipts of USD2.56 billion between 2016 and 2020, according to the island’s Halal Accreditation Council (HAC).…

The size of the global non-fungible token (NFT) market has exploded since the beginning of 2021 and, as ever with the growth of a novel asset, fraudsters have been creative in exploiting its sale and purchase to make dishonest gains. One benefit for fraudsters seeking to attack immature markets is unstable valuations, in this case of unique digital assets consisting of data stored in a blockchain.…