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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.…

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.…

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.…

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.…

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.…

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.…

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.…

INTRODUCTION

In a highly technical textile sector segment such as the manufacture of compressed garments, the use of detailed standards to guide production is not just useful in guaranteeing quality output, it can help manufacturers and brands’ marketing. Where products are associated with international, regional, national and private standards, this builds confidence in consumers, promoting sales.…

The Covid-19 pandemic that accelerated e-commerce by an estimated five years will also lead to an increase in on-shoring for the US textile industry through sustainable digital printing, especially attracting millennial and Gen-Z consumers, say industry insiders.

Tight profit margins in the textile-garment sector mean it makes “no sense” to rely on an overseas supply chain when runs as short as half a yard of fabric can be carried out with digital print technology, argued Mike Scrutton, director print technology and strategy at California-based Adobe, which provides innovative software for digital textile printers

Moreover, Kathryn Sanders, CEO of Western Sensibility, a digital textile printing company based in Montana, described changes such technology is making to the US textile industry as “very powerful” and “incredible”, adding some American manufacturers and designers are “banking on this being the future”.…

Companies breach sanctions laws at their peril. Fines of many thousands of dollars, and even jail terms, await the unwary or careless. Fortunately, an Association of Certified Sanctions Specialists (ACSS) has been created to advise businesses on negotiating the complex world of international sanctions compliance.…