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GM and Canadian political leaders today (Dec 5) hailed the launch of Canada’s first large-scale EV assembly plant, making BrightDrop Zevo electric delivery vans at the Big Three auto-maker’s CAMI assembly plant at Ingersoll, Ontario. BrightDrop, a wholly-owned GM subsidiary, announced it plans initial production of its Zevo 600 models in January (2023) and Zevo 400 models late next year (2023).…

US imports of textiles and apparel continue to grow as the strong dollar makes it cheaper for American companies to purchase garments overseas, but this growth trajectory does not reflect the realities of the market, according to industry experts.

Data from the US Office of Textile and Apparel (OTEXA) (1) shows that US imports of textiles and apparel increased by 22.76% to USD114.787 billion in the first 10 months of 2022, compared to USD93.505 billion in the same period of 2021.…

Tunisia’s textile and clothing sector may have expanded sales in 2022, notably through an export increase from January to September, up 11.9% year-on-year, according to the Tunis-based Technical Textile Center (CETTEX – Centre Technique du Textile). But its companies remain concerned about the stability of the national economy and potential long-term weaknesses.…

The International Public Sector Accounting Standards Board (IPSASB) will start detailed work developing sustainability reporting standards for public sector bodies.

Ian Carruthers, IPSASB chair, said: “The public sector needs its own specific sustainability reporting framework and the IPSASB should lead its development.”…

The European Commission is now assessing a first set of detailed proposed European Union (EU) mandatory sustainability reporting standards, delivered – on time – by the European Financial Reporting Advisory Group (EFRAG) Sustainability Reporting Board (SRB). (1)  

Due diligence assessments and potential amendments will now be undertaken by the EU executive, before its formal adoption of these standards, planned for next June (2023).…

Canada and the USA may have one of the world’s most integrated auto sectors, with 2021 passenger vehicle imports into Canada from the USA worth USD27.8 billion and exports to the USA worth USD26.5 billion, yet trims and models can differ in either market.…

Germany’s estimated 1,300 breweries are leaving the Covid-19 pandemic behind only to find themselves faced with skyrocketing energy prices and the affiliated rapid consumer price inflation. Several of large German brewery groups have already raised their prices to compensate for their past Coronavirus losses, and a second wave of price increases has recently been announced for early 2023.…

Fraud has spiked since the outbreak of Covid-19 and is still on an upward trajectory as economies struggle to rebound from the pandemic, according to research by Grant Thornton and the US-based Association of Certified Fraud Examiners (ACFE). One of the biggest growth areas in fraudulent activity, according to the American Bankers Association (ABA) is related to the exploitation of the elderly, particularly in ageing societies such as the USA, Europe and the east Asia.…

The textile and fibre sectors of Ethiopia have been looking to expand domestic sakes as Ethiopia approaches one year anniversary of its exclusion of the USA’s Africa Growth and Opportunity Act (AGOA). This process continues even as a new peace deal between the government and rebel Tigray forces is being rolled out, growing hope that Ethiopia may be readmitted to AGOA and its preferential US market access in 2023.…

WORLDWIDE inflation is impacting the can making industry and its supply chain partners. Indeed, metal packaging prices have risen by at least 25% this year, according to industry association FoodDrinkEurope. A key reason has been soaring prices for energy used in manufacture, up more than 50% in 2022 according to the World Bank.…