A report from Frence economic and trade magazine Le MOCI on October that the Eurasian shipping routes freight rates have dropped significantly. It is due to weak demand in Europe and the increase in new shipping volume, the delivery volume of new ships this year has hit a record high. The attacks on merchant ships […]
The United Nations Environment Program released its annual global greenhouse gas emissions report. China, United States and India are still the top three emitters in the world. India`s emissions increased by 6.1% in 2023 compared with 2022, and China`s emissions increased by 5.2%. Among individual countries, China accounts for 30% of global emissions in 2023 […]
The textile and clothing industry emits up to 1.7 billion tons of carbon dioxide every year, accounting for 8% of global greenhouse gas emissions. More and more brands are beginning to pay attention to sustainable fabric manufacturing under this severe environmental challenges. Here are five trends for future trends:1. Biodegradable Textiles: About 92 million tons […]
LVMH Group has reported the global revenue in the third quarter of this year (2024) was 19.07 billion euros, which decreased of 3% annually. This is the first time quarter sales decline since COVID-19. Analysts generally believe the reason that cause the sharp reduction is the demand decrease from China and Japan . The market […]
Hurriyet Daily News (Turkey) reported that the retail industry has shrunk from the second quarter of 2024 to September, mainly due to control inflation by government. The sales fell sharply in July, August remained bleak, and retailers experienced another tremendous recession in September. According to a survey conducted among Turkish United Brands Association (BMD), two […]
Over the last ten years, Austria’s physical retail sector has been steadily declining, with the last two years seeing a notable acceleration of this decline. Especially in industries such as footwear, electronic products, furniture and apparel are the most severely affected. The expansion rate of retailers has slowed down, and some operators have even reduced […]
Governor Newsom signed the Responsible Textile Recovery Act of 2024, also known as bill SB707, on September 28. This marks the introduction of the first extended producer responsibility textile recycling program in the United States. Under the new law, garment manufacturers and other entities in the supply chain are obligated to oversee the entire life […]
According to a report by The New York Times, foreign companies operating in China are reportedly facing pressure to adhere to international policies boycotting Xinjiang cotton while also being subjected to investigations by the Chinese government. This delicate situation is posing significant challenges for businesses, including PVH, operating in Xinjiang, as more foreign governments, particularly […]
US media reported that dock workers at 14 major significant ports in the United States have officially initiated strikes, which will endanger the US economy and bring risks to the global supply chain. The transportation and warehouse industries are the first to experience the adverse effects. Tens of thousands of workers in services related to […]
China government announced that it has launched an Unreliable Entity List investigation into the US PVH Group, requiring the group to explain within a deadline whether it has taken discriminatory measures against Xinjiang products for the past three years. Such action taking by China government due to the foreign groups boycott of Xinjiang cotton has […]