Search Results for: Bangladesh

The executive director of International Sugar Organisation (ISO) wants his body “to work more with the confectionery sector”, as it strives to debunk junk science that derides the nutritional value of sugar. José Orive told Confectionery Production that ISO wanted to succeed in presenting “scientific evidence-based information” about sugar’s health impact so the reputation of confectionery products is not “blackened with funky fake data”. …

BANGLADESH’S apparel exporters are contemplating diversifying their past tight focus on western markets to include buyers serving southeast Asia as they emerge from the Covid-19 crisis. The move has been prompted by frosty relations with international retailers in Europe and the USA who scrapped or suspended shipments worth USD3 billion following the outbreak of the global coronavirus pandemic.  …

THE INTERNATIONAL trade in tobacco products and inputs contains significant variations in prices that might indicate the presence of trade-based money laundering – of TBML – a specialist database indicates. Certain trade flows are exploited by money launderers seeking to move criminal proceeds from one country to another through artificial pricing – deliberate over- and under- invoicing.…

THE ASIA nonwovens sector has been reaping the benefits of booming demand for protective medical materials during the Covid-19 crisis. But like the pandemic, this roaring demand will end, and nonwovens producers need to ready to a post-Covid-19 market.

This will mean reining in growth, but as David Price, founding partner of US-based management consultancy specialising in nonwovens Price Hanna Consultants, said, with regional nonwovens sales per person still low in global terms, the “market penetration for disposable and durable nonwovens in southeast Asia and China” is likely to grow regardless.…

With spring/summer now a write-off for most retailers, creating excess inventory levels, Richard Hyman, an independent UK-based retail analyst, said that the excess stock flooding the market, and the subsequent discounting and margin erosion, will lead to widespread administrations for clothing brands in the UK, Europe and the US, to varying degrees.…

THE COVID-19 pandemic will not just threaten business failure for many clothing brands and manufacturers, it may herald the end of the current high production, fast fashion model and result in fewer, smaller collections from more sustainable supply chains, experts have told just-style.…

With many brands and manufacturers unable to visit factories due to travel bans and lockdowns during the Covid-19 crisis, experts have told just-style that there are numerous ways they can still proceed with responsible sourcing, using trusted local representatives. Hervé Ostrowski, chief operating officer at Hong Kong-based supply chain compliance solutions provider QIMA, advised that “brands must have reliable boots on the ground…who can still carry out onsite audits when possible.”…

THE BANGLADESH government has taken the unusual step of asking the European Parliament to use its influence to persuade European clothing brands to be more sensitive about the impact of cancelling orders with Bangladesh-based suppliers during the Covid-19 crisis.

In a formal letter to Bernd Lange, chair of the European Parliament’s international trade committee, Bangladesh’s commerce secretary Dr Jafar Uddin complained of the cancellation of billions of dollars of textiles and clothing orders by European high-street retailers and asked lawmaker to help restore readymade garment orders, suspended or cancelled by various European brands and retailers after the coronavirus pandemic.  …

GIVEN the hundreds of billions of dollars spent by banks on fighting money laundering, fears that trade-based money laundering (TBML) remains widespread, as stressed by FATF, the APG (http://www.fatf-gafi.org/publications/methodsandtrends/documents/trade-basedmoneylaunderingtypologies.html), and most recently, the European Commission (https://ec.europa.eu/info/sites/info/files/supranational_risk_assessment_of_the_money_laundering_and_terrorist_financing_risks_affecting_the_union_-_annex.pdf), are of serous concern. The World Trade Organisation (WTO) said that in 2018, global merchandise exports were worth USD19.48 trillion, so there is plenty of place for laundered money to hide.…

Bangladesh has ordered thousands of clothing factories to continue production throughout a 10-day countrywide lockdown in force since Thursday (March 26) aimed at slowing the spread of new coronavirus that causes Covid-19. In a letter to the president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) issued on March 27, the state-run Department of Inspection for Factories and Establishments (DIFE) – part of the ministry of labour and employment -.…