Puma, alongside a consortium of other brands, has revealed the “world’s first” garment made entirely from recycled textile waste, leveraging a new bio-recycling technology developed by the French firm Carbios.
The Team Estonia Collection for Paris 2024, designed by Reet Aus, is made from 100% recycled materials and features a Digital Product Passport for full transparency. The uniforms reduce water, energy, and CO2 emissions, showcasing a commitment to circular design and sustainability.
For all the sound and fury on climate change and climate change continuing to wreak havoc in all parts of the globe, as many as 32 of the 250 brands rated 0% in terms of their emissions accountability, says a Fashion Revolution report.
The Lenzing Group is spearheading the CELLFIL project, supported by approximately $7.452 million from the EU, to scale up lyocell filament production. Partnering with RTDS Group and 13 other organizations, the project aims to replace synthetic fibers with eco-friendly lyocell. As part of Horizon Europe, CELLFIL seeks to advance the textile industry towards a circular economy.
Latin American textile brands are present at the Paris 2024 Olympics and have been preparing for months to meet the high volume of garments required for the competition.
During the first seven months of 2024, China's goods imports and exports increased by 6.2% year-on-year in yuan terms. Exports grew by 6.7%, while imports rose by 5.4%. In US dollar terms, total trade reached $3.5 trillion, and the trade surplus expanded by 7.9% to $518 billion.
The USDA reported that 979,900 running bales of Upland cotton were carried over from the 2023-24 marketing year. Net sales reductions for the 2024-25 year totaled 949,600 RB, with increases in countries like India and Mexico offset by reductions in China and Pakistan. Exports for the period ending July 31 totaled 11,070,400 RB, a 6% decrease year-over-year.
Amazon and Walmart both use AI to improve operations and customer experience, but Amazon focuses on optimizing inventory and warehouse operations, while Walmart enhances product search and inventory management.
In July 2024, cotton prices hit their highest monthly average since March 2024, driven by limited supply and firm seller pricing. Despite this, some sellers reduced prices to move the 2022-23 crop or secure short-term cash. The monthly average price of BRL 4.0793 per pound (~$0.71) increased by 3.76% from June and 3.1% from July 2023.
ICE cotton prices dropped to a nearly 4-year low due to favorable weather conditions and a downturn in equity markets. The December contract settled at 68.65 cents per pound, down 0.83 cents. Trading volume reached a 5-week high, with increasing open interest. Additionally, slight recoveries in the dollar index and crude oil prices added pressure on cotton.
The Port of Long Beach received a $7.9 million grant to develop the Supply Chain Information Highway, a cloud-based system to improve cargo scheduling and coordination for over 200,000 shippers.
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