Search Results for: China

China’s recycled polyethylene terephthalate (PET) materials market is heading for another distortion with repercussions for apparel and footwear brands. While the likes of Adidas, Nike and Decathlon continue shifting from virgin fibre to recycled fibre to improve their environmental impact standings, China’s PET market is heading for another distortion, raising the spectre for supply bottlenecks and price increases.  …

Nestlé’s senior vice president at Nestle Professional for Greater China region has said the target of the company’s new Harvest Gourmet plant-based meat product line (released in Beijing December 9) would be consumers with ethical and personal health concerns.

“Harvest Gourmet targets the consumers who seeks a balanced diet with enough nutrition intake, and who want to contribute to food sustainability,” Altug Guven, told just-food.…

The Mauritius clothing and textile sector has been assessing its use of technology to reduce costs and boost efficiency as it mulls how to emerge from the Covid-19 pandemic in good shape to compete globally.

Avinash Goburdhun, managing director and owner of Wensum Ltd, a company supplying formal wear to the UK and USA, said: “More emphasis is being laid on the use of technology across the factories, with more lean production and supply chain consolidation to reduce airfreight costs.”…

A new Mauritius government plan designed to pull the country’s manufacturing industry into rude health after being buffeted by Covid-19 has proposed that the clothing and textile sector invests in the latest technology and uses it to leverage local design talent.…

The Covid-19 pandemic has changed consumer behaviour as well as revenue streams for criminals, encouraging them to abandon certain laundering techniques in favour of others. Criminals have generated more money through cybercrime by attacking unwary computer users unused to using personal computers at home.…

The international gold trade is worth over USD6 trillion a year, according to the World Gold Council (WGC), but oversight of the supply chain is considered weak by many critics, relying on self-regulation, making it vulnerable to money laundering.

Gold remains scarce and hence valuable: from antiquity until 2019, just 197,576 tonnes has been mined – equivalent to a 21.7 metre cube, according to the World Gold Council.…

The Peruvian clothing industry is criticising government aid programmes that are supposed to help companies withstand the Covid-19 pandemic, saying they have done little for apparel and textile manufacturers.

Carlos Penny, president of the textile committee at the Peruvian Exports Association (ADEX – Asociación de Exportadores), is especially unhappy how the Reactivate Peru (Reactiva Peru) and a national Business Support Fund have failed the country’s important clothing and textile sector.…

THE INTERNATIONAL trade in knitwear products and inputs contains significant variations in prices that can be leveraged buy smart traders within the industry who analyse import-export data and orientate their purchasing and sales practises accordingly.

That said, knitwear traders and manufacturers need to be aware that some bargains really are too good to be true and could be an indication that certain trade flows are being exploited by money launderers seeking to move criminal proceeds from one country to another through artificial pricing – deliberate over- and under- invoicing.…

WHILE projections for sales of electric vehicles (EV) vary, all predictions agree that this market will explode in size in the next few years. An International Energy Agency (IEA) model for instance has suggested 245 million EVs will be driven worldwide by 2030. …

EUROPE’S confectionery and sweet bakery association CAOBISCO has been pressuring the European Union (EU) to resolve a long-running trade dispute with the USA over aircraft manufacturing subsidies causing Washington to impose tariffs on European food exports. These include 25% duties on exports from the EU (including the UK) of raspberry, strawberry, apricot, peach and other jams; cherries and peaches; sweet biscuits from Germany; waffles and wafers from Britain and Germany; and an additional 25% on these jams when exported from Germany and France.…