Search Results for: International business⊂mit=Search
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AFRICA’S KNITWEAR SECTOR LOOKS TO EXPLOIT EUROPEAN AND AMERICAN SHIFT TOWARDS NEARSOURCING
The African knitwear manufacturing sector has been regaining ground lost during the Covid-19 pandemic, with established manufacturing hubs capitalising on the growing demand for nearshoring in Europe and to a lesser extent the USA. There are major investments under way in developing production capacity, particularly in West Africa.…
INTERNATIONAL REGULATORY ROUND UP – PRESSURE MOUNTS ON US GOVERNMENT TO RE-ADMIT NEW KNITTING HUB ETHIOPIA TO AGOA
The US government is coming under increasing pressure to reinstate Ethiopia as a participant of its African Growth & Opportunity Act (AGOA), now a peace agreement has been signed to end a bloody civil conflict in the country. The Ethiopian government and the Tigray People’s Liberation Front (TPLF) have agreed to halt two years’ hostilities that the UN concluded had “intractable and deadly consequences” for civilians.…
KNITTING BRANDS FIND NEWER OPPORTUNITIES IN INVESTING IN DESIGNERS
Knitwear brands have been progressively investing in mentorship and incubation programmes, hoping the resulting inspiration will widen their offer with creative products, reach more consumers and promote innovation in their work methods.
London – one of the big four fashion cities, alongside Paris, New York, and Milan – is this month (November) hosting the first collection of products made through the Atelier100 hyperlocal hothouse programme, at the brand’s retail store in Hammersmith (west London) (1).…
GLOBAL GAS MARKET CRISIS IS CAUSING TEXTLE PRODUCTION CRISIS IN BANGLADESH TEXTILE SECTOR
The Bangladesh textile industry is suffering from an acute gas shortage due to the surge in gas prices in the international market due to the ongoing Russian invasion of Ukraine. According to the International Energy Agency (IEA), Russia’s piped exports to Europe declined by an 40% (or over 45 billion cubic metres) year-on-year in the first eight months of 2022, tightening supplies worldwide.…
ATHLEISURE INNOVATION BOOSTS PERFORMANCE AND SUSTAINABILITY-FOCUSED SALES
Innovation in athleisure gear continues to drive performance improvements, with an eye to boosting sustainability, as consumers become more environment conscious, and regulation toughens up.
Of course, making such improvements is no easy feat today given the entire supply chain is facing “unprecedented challenges,” warned Davide Vigano, CEO of tech textile manufacturer Sensoria, based in Redmond, Washington state, USA, as shipping delays hinder the delivery of components, and transport prices increase as energy costs also soar, pushed up by Russia’s bloody invasion of Ukraine. …
METAVERSE OFFERS FRAUDSTERS NEW OPENINGS FOR CYBER-SWINDLES
It is ‘de rigeur’ for tech publications to define the ‘metaverse’ – Wikipedia is perhaps most succinct – ‘a metaverse is a network of 3D virtual worlds focused on social connection’ (1). As for their fraud risk, there is a growing consensus that the metaverse offers fraudsters and cybercriminals significant opportunities to exploit this growing network of IT systems integrating virtual or augmented reality (VR and AR).…
CAPE VERDE ASSESSES UNIVERSITIES FOR THE FIRST TIME
Cape Verde universities are facing their first complete scientific and institutional assessment, undertaken by a recently created Higher Education Regulatory Agency (Agência Reguladora do Ensino Superior – ARES) to improve the quality of higher education in the island country, about 500km west of Senegal.…
GAS CRISIS HITS BANGLADESH APPAREL SECTORGAS CRISIS HITS BANGLADESH APPAREL SECTOR
A gas supply crisis in Bangladesh is directly impacting the country’s important apparel industry due to its reliance on upstream and mid-stream textile and knitting sectors for fabric production, who consume natural gas for energy. The shortage has been caused by Russia’s invasion of Ukraine which said the International Energy Agency (IEA), has seen Russia’s piped exports to Europe declined by 40% in the first eight months of 2022, tightening supplies worldwide.…
EGYPT DEVELOPS KNITWEAR SECTOR FROM NICHE TO SIGNIFICANT EXPORT PLAYER
Egyptian knitwear manufacturers have profited from strong international demand over the past two years, being able to tap into the diversification and nearshoring trend of US and European buyers wanting to avoid over-reliance on Asian sourcing, especially in China. However, export sales have slowed since the summer as consumer sentiment has weakened in key overseas markets, which has caused a hiatus in further investment by some manufacturers.…
SMART TEXTILE MANUFACTURERS TO BENEFIT FROM RECOVERY OF SEMICONDICTOR SUPPLY CHAINS
Smart textiles manufacturers affected by the shortage of electronics for their products may receive respite in 2023 as global supplies of components increase, even if some disruption of production and supply chain lingers.
According to 2022 research by US investment bank J.P.…