Search Results for: European Union

Packaging firms and brands are preparing for a boom in biomaterial packaging, fuelled by greater consumer demand, regulations to increase sustainability and the maturity of biomaterials. A report by Massachusetts, US-based management consulting firm Arthur D Little (1), released in 2022, said that investment has fuelled production improvements and capacity, easing the mass production of biomaterials derived from plants, animals or bacteria.…

St Kitts & Nevis, the western hemisphere’s smallest sovereign state (by population), has significant work ahead to meet international AML/CFT standards, despite significant reforms being passed in 2020 and 2021. The twin-island state, with just over 47,000 people, is, noted a Caribbean Financial Action Task Force (CFATF) mutual evaluation report issued January 2022, a “small international financial centre which consists of commercial banking, international banking, domestic insurance, international insurance, securities, money service businesses and credit unions”.…

With an industry recycling rate currently below 1% and the European Union (EU) Strategy for Sustainable and Circular Textiles target that all textile products placed on the EU market be recyclable by 2030, the EU performance and protection fabric is facing major change.…

The release by the European Commission (EC) of the first European Sustainability Reporting Standards (ESRS) on July 31 has prompted concern that while efforts have been made to align these with International Sustainability Standards Board (ISSB) models, there are still important contrasts (1).…

European Union (EU) knitwear brands are facing an upcoming ban on the destruction of their products, when unsold and unused, under a proposed EU ecodesign regulation. The EU Council of Ministers is planning to insist on this ban during negotiations with the European Parliament and European Commission about a final text.…

While traditional benefits delivered by adhesives in the automotive industry – lightweighting and the ability to bond diverse substrates – remain a constant, the relentless evolution of the battery electric vehicle (BEV), is driving innovation in the segment, manufacturers and market analysts agree.…

THE EUROPEAN and global fashion and textile industry is witnessing rapid technological advancements, requiring garment workers with specialised skillsets, notably digital, to meet evolving demands. Indeed, the November 2022 State of Fashion 2023 report (1) from strategy consultants McKinsey & Co made clear that after 18 months of robust growth (early 2021 until mid-2022) post Covid-19, the fashion industry is facing challenges, including inflation, the energy crisis and rising material prices, that increases its demand for skilled labour.…

The passage into law of the European Union’s (EU) long discussed carbon adjustment mechanism (CBAM) on May 17 (2023) could in future help EU finishing chemical producers sell more product to European textile manufacturers – but costs might rise as a result, impacting overall competitiveness.…

The European Union (EU) has signalled shifting from its past focus on privacy rights – as per the general data protection regulation (GDPR) – with new reforms encouraging the controlled sharing of financial data. That may see data flow from established financial institutions, such as banks, to their personal and business customers, and thence to other financial services.…

Bangladesh clothing manufacturers have been looking to expand export sales beyond their established markets in the European Union (EU), the United States, Canada and the UK, seeking new revenue in non-traditional markets such as Brazil, India, Japan and South Korea.

According to data from the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Bangladesh apparel exports for 2022 (calendar year) have sourced 16.1% of revenue from non-traditional markets – USD7.35 billion, out of overall apparel exports of USD45.7 billion.…