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DEEP DIVE – BODY MAPPING TECHNOLOGY



INTRODUCTION

 

The concept of bespoke tailoring and couture has long been regarded as the apex of clothing and textile making, given that it matches a garment closely to its wearer and intended use. Until now, such personal apparel has inevitably been expensive, given runs are individualised – indeed, bespoke has been the antithesis of mass-produced fast fashion.…

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SMART FACTORIES DEEP DIVE



INTRODUCTION

 

While debates continue over whether Aristotle actually said ‘The whole is greater than the sum of its parts’, the concept that a system can deliver more impact than each element of its technology acting alone is well established in the textile sector.…

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GOVERNMENTS TIGHTEN UP TOBACCO AGE LIMIT LAWS, ALTHOUGH IMPLEMENTATION IS OFTEN A PROBLEM



 

WHILE the imposition of age limits on the consumption of tobacco and other nicotine products remains very much a national, and in some cases sub-national jurisdiction decision, there is no doubt that the general trend worldwide is for tighter restrictions on younger consumers, even if they are often tough to enforce.…

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FINANCIAL CRIME IS MAJOR RISK FOR TEXTILE AND CLOTHING SECTOR – GAINING INSIGHT CAN HEAD OFF MAJOR LOSSES



INTRODUCTION

 

Financial crime is a minefield for the international textile and clothing industry. With extended international supply chains extending into jurisdictions where the rule of law and a reliable independent judiciary may have a weak hold, if they exist at all, textile and clothing brands and manufacturers must take care.…

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CIVIL AVIATION SECTOR PUSHES AHEAD WITH SUSTAINABLE FUEL GROWTH



 

Aviation has always been regarded as a tougher sector to convert to low carbon fuels than road transport, because of the high intensity burn required to power planes – which traditionally been supplied by fossil-based kerosene. And a lot is burned.…

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THERANOS CASE SHOWS HOW COMPANIES AND EXECUTIVES ARE EASILY DUPED AND FAIL TO CONDUCT PROPER DUE DILIGENCE



A fraud case now underway at San Jose, California, has seen prosecutors allege senior business executives were duped by a young wunderkind in medical technology – Elizabeth Holmes. But lessons can be learned here – straightforward due diligence may have saved victims a lot of money – Keith Nuthall reports.…

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PANDEMIC DISRUPTS INDONESIA’S TEXTILE AND CLOTHING DIGITISATION PUSH



The Covid-19 pandemic has disrupted Indonesia’s efforts to digitalise its textile and clothing sector, with only a few large companies adopting new industrial revolution 4.0 technologies amid a slump in exports, government officials and industry executives have warned.

Three years ago (2018), Indonesia’s industry ministry unveiled an ambitious ‘Making Indonesia 4.0’ plan to encourage manufacturers to adopt virtual reality, 3D design, automation and internet of things technologies.…

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GREEK METAL PACKAGING SECTOR REMAINS MIXTURE OF MAJORS AND SMALL PLAYERS, FIGHTING COVID-19 DISRUPTION



 

The Greek metal packaging sector is characterised by fragmentation between two multinationals and a larger number of smaller Greek enterprises. This defines a national industry that is primarily inward looking, with few exports. Vasilis Papapanousis, sales director at leading tinplate manufacturer ELSA SILGAN Metal Packaging SA, told CanTech International that exports do not account for more than 5-10% of the total Greek production metal packaging.…

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FEARS FOR EU-SWISS AML/CFT COOPERATION AFTER KEY TREATY TALKS FAIL



The Swiss Federal Council’s (Switzerland’s cabinet) May 26 unilateral decision to end seven years of negotiations on a new agreement to govern future relations between Switzerland and the European Union (EU), citing sovereignty concerns (1), closes the door on attempts to ensure the country has a formal link with EU AML/CFT legislation.…

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COVID 19 CONTINUES TO SHAKE UP AML/CFT IN YEAR TWO OF PANDEMIC



AS COVID-19 batters the world into its second year of the most destructive global pandemic since the Spanish Flu of 1919, its impact on AML/CFT is becoming clearer. FATF released an updated assessment in December (2020) (1) highlighting an increase in certain predicate offences caused by the disease itself and the increased online activity it has generated: phishing scams, business compromise fraud; internet child sex exploitation; corruption and fraud related to medical supply contracts; and property thefts of vacant homes and offices.…

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