Search Results for: Switzerland
10 results out of 984 results found for 'Switzerland'.
TURKEY’S CLOTHING MANUFACTURING INDUSTRY
Turkey’s clothing manufacturing sector, the world’s fifth largest garment exporter, after China, the European Union, Vietnam and Bangladesh has (1) rebounded from the Covid-19 pandemic and has set its sights on overtaking its rivals. The industry has been investing in new machinery and capitalising on the trend for near-shoring.…
SECRETIVE SHEIN WAS UNEXPECTED BENEFICIARY OF TRUMP’S TRADE WAR AND INNOVATIVE MOBILE-BASED ORDERING
China’s fast fashion cross-border e-commerce fashion retailer Shein is little known within China but its profile overseas continues to rise, with Reuters reports estimating the company may have generated about Chinese Yuan Renminbi CNY100 billion (USD15.7 billion) in revenue in 2021 as the Covid-19 pandemic shifted global consumption online.…
CHINA GOVERNMENT BACKS LOCAL OVER FOREIGN INFANT FORMULA BRANDS, BUT BIRTH RATE FALLS THREATEN REVENUES FOR ALL
The Chinese government has been hindering international infant formula brands by encouraging the growth of domestic manufacturers while failing in its attempt to boost the birth rate, reducing overall demand.
The government has been rolling out its Action Plan for the Promotion of Domestic Infant Milk Formula published in May 2019, involving stricter manufacturing quality standards to improve faith in Chinese brands such as Feihe.…
LATVIAN COSMETICS AND PERSONAL CARE INDUSTRY RESPOND TO UKRAINE INVASION
The Russian invasion of Ukraine is having an impact in other countries bordering Russia. Take Latvia – Alexei Nechayev, a Russian MP who has been hit by EU sanctions, owns cosmetics company Faberlic which has its subsidiary in Latvia, Faberlic Baltija.…
RUSSIAN CENTRAL BANK FUNDS FROZEN IN USA, EU AND UK
Russia today faced a further tightening of sanctions as its armed forces continued their unprovoked invasion of Ukraine, with the Biden administration freezing any Russian central bank assets held within the USA or by Americans. The same order has been imposed on funds owned by Russia’s National Wealth Fund and ministry of finance.…
AFRICA’S SECONDHAND CLOTHING MARKET UNDERMINES APPAREL MANUFACTURING
Concerns continue to be raised about the negative impact of the used-clothing trade with sub-Saharan Africa, hobbling the development of the region’s clothing and textile sector, although some experts warn its removal will not be easy.
According to the most recent UN data, the world’s used clothing exports increased from only USD2.5 billion in 2009 to over USD4.2 billion in 2019, noted Dr Sheng Lu, associate Professor at the Department of Fashion & Apparel Studies, University of Delaware, USA.…
EU ROUND UP – BULGARIA STRIVES TO FIGHT REPUTATION AS HOTBED FOR CORRUPTION
Bulgaria’s new government has promised to fight corruption and challenge the country’s reputation as the European Union’s (EU) worst blackspot for graft. The new Bulgarian Prime Minister Kiril Petkov defeated former PM Boyko Borissov last November amidst demonstrations against government corruption.…
INDUSTRIAL IOT GIVES FIRST STEPS TO BECOME A GAME CHANGER IN LAUNDRY SERVICES
In an age when competitiveness in the textile and garment manufacturing sector is increasingly measured by sustainability and on-demand production, efficiency in laundering finishing processes plays an important role for production companies. The textile sector has significant improvements it can make in sustainability – a 2017 report from the Ellen MacArthur Foundation, said the textiles industry’s share of the carbon budget, which is the amount of CO2 that humanity can emit while still having a chance to contain global warming, will grow from 2 per cent in 2015 to 26 per cent in 2050 if it failed to make environmental reforms [1].…
MATERNITY SUPPORT GARMENTS SECTOR IS MAJOR GROWTH SEGMENT THAT REQUIRES STANDARDISATION WORK
It is maybe surprising that maternity support garments (MSGs) are still a niche segment, even though women of childbearing age constitute approximately one-quarter of the populations of developed countries. Indeed, tubular bands made out of cotton and elastane are still commonly used instead of MSGs across the world. …
INDONESIA ULEMA COUNCIL BOARD’S RULING ON HARAM CRYPTO MAY BE CHALLENGED BY OTHER SCHOLARS
On November 11 (2021), Indonesia’s National Ulema Council (MUI), the country’s top Muslim clerical body, ruled that “using” cryptocurrency is haram, due to its “uncertainty” and “potential for wagering and harm”.
The ruling, which was not accompanied by any public clarification of MUI’s position on what constitutes “using” cryptocurrency, sent ripples through the Islamic world and reignited discussions about the role of the rapidly expanding digital assets sector in Sharia-compliant finance. …