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COVID-19 INSPIRES DEVELOPMENT OF ANTI-VIRAL KNITWEAR
COVID-19 has unleashed a significant boom in demand for apparel and other wearables that are anti-viral, cleansing consumers’ bodies of viruses, as well as bacteria.
Companies making fibres and yarns have been quick to tout anti-viral technologies. Examples include HeiQ Materials AG – a Switzerland based textile innovation specialist, which has been selling a new anti-virus textile treatment HeiQ Viroblock NPJ03, added to textile products during final processing and utilising anti-microbial silver, whose charge attracts viruses to spherical liposomes which deplete the virus membrane of cholesterol, allowing the silver to kill them.…
ENVIRONMENTAL REGULATION – PERFORMANCE AND OUTDOOR FABRICS
Environmental regulation is becoming increasingly tight for textile companies and this of special concern for the higher-tech side of the industry where new fibres, chemicals and processes are delivering a cutting edge. This is especially the case for innovative segments such as performance and outdoor materials.…
TECHNOLOGICAL INNOVATION IN PREDICTIVE MAINTENANCE CAN PAY DIVIDENDS FOR TEXTILE SECTOR
INTRODUCTION
NEW technology can deliver effective maintenance strategies to clothing and textile manufacturers, helping them go beyond reactive and proactive maintenance, moving into the more sophisticated world of prediction. The goal is to deliver an optimum maintenance strategy that enables manufacturers to get the most value out of their plant and equipment by spending the least amount of time, resources and money to deliver effective performance.…
UK UNIVERSITIES TURNING BLIND EYE TO NIGERIAN MONEY LAUNDERING ASSOCIATED WITH FOREIGN STUDENTS, SAYS REPORT
UK universities are turning a blind eye to Nigerian political elites laundering dirty money through their fees, according to a paper published by the Carnegie Endowment for International Peace from West Africa expert and non-resident scholar, Matthew Page. Commissioned by the British High Commissioner to Nigeria, Catriona Laing, ‘West African Elites’ Spending on UK Schools and Universities: A Closer Look’ (1), flags up the “unexplained wealth” used by Nigerian politicians and public officials to pay British university and boarding school fees.…
LEFTIST STUDENT UNION IN TUNISIA AT HEART OF PROTESTS ROCKING COUNTRY
A left-wing student union has been at the forefront of political protests currently wracking democratic Tunisia, actions that have led to its activists being arrested and held in jail.
Warda Atiq, the secretary general of UGET, (L’Union générale des étudiants de Tunisie), told UWN that 50 members of UGET have been arrested and 32 remain in pre-trial detention.…
EUROPE PUSHES AHEAD WITH SUSTAINABILITY REPORTING INITIATIVE AS IFRS FOUNDATION MULLS GLOBAL STANDARD
SERIOUS steps are being taken to forge international non-financial reporting standards, with the IFRS Foundation mulling a new board agreeing global guidance. But in parallel, the European Commission is planning a comprehensive non-financial reporting directive forcing larger European Union (EU) companies to report on their environmental and social impact and governance issues, including ethics, innovation and supplier/customer relations.…
ACCOUNTING SOFTWARE OFFERS TEXTILE COMPANIES GREATER TACTICAL FLEXIBILITY IN CHAOTIC POST-COVID 19 MARKETS
INTRODUCTION
Accounting software is crucial for any company wanting to expand on a sustainable basis, adding diversity in supply and customer relationships as they grow. The clothing and textile industry is particularly complex regarding its inputs and outputs. Production is also complex when manufacturers handle spinning, weaving, cutting and finishing.…
SOYBEAN OIL - A COVID-19 SUCCESS STORY THAT MIGHT LAST
With global markets and daily consumer habits being disrupted for almost a year due to the ongoing global Covid-19 pandemic, some oils and fats sales have grown – and a key example is soybean oil. This is true worldwide, from North and South America, to Africa, Asia, and Europe.…
NONWOVENS COMPANIES NEED TO KEEP CLOSE EYE ON DETAIL OF SINGLE-USE PLASTIC BANS
SINGLE use plastics bans being brought in across the world may not cover all nonwovens products, but they certainly are having an impact on the industry as it parses often complex rules coming into force.
A key piece of legislation is the European Union’s (EU) so-called ‘single use plastics directive’ (1) which has deadlines passing in 2021.…
CASH STILL KING FOR MONEY LAUNDERING, DESPITE IN CRYPTO AND ECOMMERCE FIAT TRANSACTIONS
Anti-money laundering specialists may be focusing on how crypto-currencies and online transactions pose an increasing ML/TF risk, especially with Covid-19 encouraging ecommerce, but the reality is that cash remains the money launderers’ best instrument for moving dirty money.
That is the conclusion of Gabriel Hidalgo, a managing director at risk specialists K2 Integrity, in New York: “Cash is king for ML; it continues to be king; and on the majority of levels, illicit actors will continue to use cash,” he said.…