22 November 2022, Mumbai:

Hohenstein has invested 1.3 million Euros in AI technology startup, Sizekick.

"Our artificial intelligence is already learning thanks to Hohenstein with the world's largest and highest quality database of 3D body scans. This is an extremely big advantage for our AI," highlights Jake Lydon, CTO at Sizekick.

The collaboration will enable accurate decisions on apparel size, improve online shopping experiences, reduce returns, and prevent the associated CO2 emissions.

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12 November 2022, Mumbai:

As Jeanologia celebrates 20 years in Bangladesh, introducing Laundry5.Zero to Bangladeshi textiles at the Bangladesh Denim Expo.

The Jeanologia's product boasts of following cutting-edge features

This eco-efficient plant guarantees 85% savings in water usage.

It allows a new digital, automated, and sustainable production model that reduces time, and costs, and simplifies processes.

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21 October 2022, Mumbai:

The apparel industry of Bangladesh is now at crossroads where success will largely depend on how it acts to turn challenges into opportunities. Recently the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has unveiled its vision -- a vision for a sustainable future, a better future.

It duly realizes the growth of the RMG industry needs to be pursued in a manner that is sustainable and positively impacts the lives of people and the planet, we are committed to marching ahead in that direction.

In an eventful journey spanning more than 40 years, the RMG industry of Bangladesh has come across a good number of formidable challenges and risen to them, even becoming stronger with renewed vigour and zeal to move ahead.

The industry’s quest for excellence coupled with strong determination and concrete actions has earned Bangladesh glory as one of the safest, green, and ethical garment sourcing hubs in the world. It also gives importance to remaining economically viable through innovation, digitization, diversification, and being more productive

(CREDITS: BGMEA’s official bimonthly magazine, The Apparel Story (July-August 2022)

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18 November 2022, Mumbai:

"The mood among manufacturers of Textile Care, Fabric, and Leather Technologies is largely positive," said Elgar Straub, MD of VDMA Textile Care, Fabric and Leather Technologies at the trade association's industry meeting in Brussels. "Despite the enormous increase in energy costs, the still existing problems in the supply chains, and the still unforeseeable consequences of the war, the industry representatives report well-filled order books.".

Orders and sales of the German manufacturers of Textile Care, Fabric, and Leather Technologies are still on a growth course: in the period from October 2021 to September 2022.

The most important export market from a German perspective was Poland, followed by Italy and France.

Incoming orders increased by 37 percent in real terms and sales are also positive for the technology manufacturers with a growth of 14 percent compared to the previous year.

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10 November 2022, Mumbai:

The “Made in Bangladesh Week”, 12th to 18th November this year

Bangladesh Garment Manufacturers & Exporters Association (BGMEA) in partnership with Bangladesh Apparel Exchange (BAE) are going to organize it.

It is a week-long physical comprehensive initiative that strives to demonstrate and present a slew of shows spanning summits, expositions, exhibitions, awards, factory tours, cultural shows to networking dinners.

For World’s 2nd largest apparel-exporting country, Bangladesh it is a demonstrability presenting it as a signature event in its journey of driving excellence.

Placing it on record, the nation exports ‘Made in Bangladesh’ apparel in excess of 160 countries globally.

The ‘Made in Bangladesh Week’ is designed to bring under one roof all the stakeholders of the Bangladesh apparel industry in its coherent & collaborative approach presenting an immense opportunity to discuss sector prospects and laydown roadmap as we move ahead in a world where uncertainty is new certainty.

BGMEA: A vision for a sustainable future, a better future.

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21 October 2022, Mumbai:

The ICA Trade Event-Las Vegas 2022, is one of the most anticipated meetings in the cotton community.

In addition, its growers and exporters will present details on the quality program. sustainability certifications, and the bale-by-bale traceability system of Brazilian cotton production.

This will be a unique opportunity to access first-hand data on the 2022 harvest and outlook of the 2023 crop.

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17 November 2022, Mumbai:

Despite Challenging Global Macro Environment, Reiterates Positive Outlook on SOPA Based on Strong Revenue Generation and Compelling Valuation.

About Society Pass Inc

Founded in 2018 as a data-driven loyalty, fintech, and e-commerce ecosystem in the fast-growing markets of Vietnam, Indonesia, Philippines, Singapore, and Thailand, which account for more than 80% of the SEA population.

Significant year-on-year revenue growth in 3Q 2022. 3Q22 revenue of $2.1M increased significantly from $84K in the prior year's quarter.

A positive view of the early stages of building a SEA e-commerce company. Luxury store, Leflair provides luxury goods online. Additional businesses include online delivery companies Handycart and Pushkart (bought during 1Q22), as well as Gorilla Networks, a telecom MVNO (early June 2022).

Challenging macro environment, yet positive on micro company business plan. Maxim factors in a more challenging macro environment impacting Society Pass' end markets and notes that Sea Ltd (SE - NR), SE Asia's largest internet company.

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07 November 2022, Mumbai:

adidas AG is in talks with a potential successor to CEO Kasper Rorsted.

About adidas

Adidas, a global leader in the sporting goods industry, and Foot Locker, Inc. (NYSE: FL) (“Foot Locker”), the New York-based specialty athletic retailer.

About puma

Ever since its foundation in 1948, it has been the company’s philosophy to provide the fastest athletes with the fastest products, an attitude summarized in the brand’s motto “Forever Faster.”.

adidas AG confirms that it is in talks with Bjørn Gulden, CEO of PUMA SE, as a potential successor
to adidas AG CEO Kasper Rorsted.

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19 October 2022, Mumbai:

An event that confirms the recovery of the textile and clothing market. Texworld Evolution Paris will open its doors from 6 to 8 February 2023 at the Paris-Le Bourget Exhibition Centre.

The major sourcing nations represented

At Texworld Paris, Turkish manufacturers will once again be strongly represented this year.
Return to pre-crisis levels for most Asian countries.

Similar trends at Apparel Sourcing Paris, where many Chinese and Hong Kong companies have already confirmed their attendance.
For 3 days, Apparel Sourcing Paris and Texworld Paris will put focus on the main global offer for fashion brands, from ready-to-wear to luxury. For this edition, accompanying the recovery of international business, Messe Frankfurt France anticipates participation close to pre-crisis levels for most of the major sourcing countries.

A red thread to facilitate the visit, a new sustainable sourcing trail.

Another notable change in the strategy of Texworld Evolution Paris is that Avantex Paris and Leatherworld Paris will become annual in 2023 and will therefore only return in July 2023.

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16 November 2022, Mumbai:

Global Footwear Sourcing Returns, the Javits Center Jan. 31^st - Feb. 2^nd NYC!

Within Global Footwear Sourcing, visitors can once again take advantage of educational seminars, hosted by FDRA.

It is curated by New York-based trend agency TOBE | Doneger

It covers niche industry topics and discovers the latest technology trends fueling innovation within the footwear industry inside Texworld NYC's Trend Showcase. 

After a successful summer debut, Global Footwear Sourcing, presented by Texworld New York City, Material Exchange, and FDRA, returns for the Winter 2023 Edition.

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27 October 2022, Mumbai:

One of the industry’s most important transportation and logistics events.

This event brings together fashion brands, retailers, importers, and service providers working in compliance, logistics, sourcing, supply chain management, government relations, and corporate social responsibility to discuss the latest updates on trade policy.

The U.S. fashion industry will convene in New York City on November 10, 2022, for the 34th Annual Apparel Importers Trade & Transportation Conference, hosted by the U.S. Fashion Industry Association (USFIA).

34th Conference for Global Brands, Retailers, & Service Providers to Cover Trade Policy, Transportation Trends, Conscious Fashion, & More.

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13 October 2022, Mumbai:

Financial support provided by many governments during COVID-19 created aggregate demand for many commodities such as textiles, and electronic items, which led to price hikes and hence volatility in the market.

“When we are in crisis, efforts are needed to plan and act differently,” stated Velmurugan Shanmugam in India". The economic tailspin and monetary interventions are dampening the demand, which is affecting many sectors particularly, the textile sector. Cotton price has come down steeply since this Summer and spinning mills are operating at a loss in India and other countries.

Textiles and other manufacturing sectors are looking for strategies to ride out the economic storm.

The textile industry needs rethinking, retooling, and skill enhancement. The articulated “4S principle,” proposed by the United States’ Department of Defense says Sense; Shape, Shield, and Sustain. How apt this strategy is for the textile industry now!

The plan should involve: 1) Disaster Recovery and 2) Business Continuity (when the business runs smoothly).

According to Mr. Sampath, companies should identify risks (some may not be known such as the COVID-19 pandemic), and identify resources, strengths, and weaknesses, such as financial and personnel to handle demanding situations.

(CREDITS: Seshadri Ramkumar, Professor, Texas Tech University, USA)

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