Search Results for: Russia
10 results out of 1992 results found for 'Russia'.
INFLATION AND ENERGY CRISIS POSING UNPRECEDENTED CHALLENGES TO GERMANY’S BEER SECTOR
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.…
INFLATION CAUSES HUGE FOOD PRICE HIKE BUT CANS WILL SURVIVE, SAY EXPERTS
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.…
EU/WTO REGULATORY ROUND UP – EU EXPLORES TOUGHER RESTRICTIONS ON NITROSAMINES IN FOOD AND DRINK
European Union (EU) food manufacturers are facing the potential imposition of new rules on the presence of nitrosamines in food products, following a European Food Safety Authority (EFSA) review that ended in November. EFSA has concluded that “it is highly likely that for all age groups dietary exposure to nitrosamines is above the level that could indicate a health concern”.…
EGYPT LOOKS TO FIRM UP LOCAL SUPPLY CHAIN AS IT EYES FUTURE CLOTHING SALES IN EUROPE AND AMERICA
The Egyptian garment and textile sector has rebounded from the dip caused by the Covid-19 pandemic, with orders returning in 2021 and exports strong in the first half of 2022. Sluggish consumer demand in the country’s primary export markets of the USA and Europe has however seen orders weaken over the past third 2022 quarter.…
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).…
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.…
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.…
TRANSPORT OF GOODS AND PEOPLE OFFERS COMPLEXITY AND OPACITY AIDING FRAUDSTERS
The surge in e-commerce promoted by the Covid-19 pandemic has sparked a significant increase in fraud in goods delivery, with ‘shipping fraud’ becoming the “fastest growing type of digital fraud worldwide in 2021”, according to a Global Digital Fraud Trends report 2022 report from TransUnion.…