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Global Economy / UNCTAD Report

October 3, 2022

 4 minutes

Policy-Induced Global Recession Looms Large; Inadequate Financial Support Leaves Developing Countries in Lurch

With the warning signs flashing across a range of economic and environmental indicators, reclaiming the future with innovative, ambitious policies, political will and private and public support is a prerequisite for achieving ambitious development goals.

UNCTAD's Trade and Development Report 2022 has cautioned that advanced economies would need to change course in their monetary and fiscal policies to avoid inflicting a worse damage than the financial crisis of 2008 and the COVID-19 shock of 2020. The cascading crises resulting from the pandemic combined with debt distress, inflation, climate change and the war in Ukraine have already turned a global slowdown into a downturn.

  • Special Correspondent
Other Updates
Biomaterials / Non-Toxic Leather
The researchers created a pair of naturally dyed, microbial bioleather sneakers in a collaboration with Public School NY. The sneakers were part of an exhibition, Towards a Circular Society: Learning from Nature, recently at the University of Bern’s Wyss Academy for Nature.

Non-Toxic Bioleather, Inspired by Indigenous Science, Created at Columbia Engineering

  • Staff Writer

October 3, 2022
Traceability / Egyptian Cotton
Illustrative image. Samples of lint cotton, yarn and fabric at different steps were verified with a test based on PCR, and the correct DNA marker was detected, thereby enabling the identification of the premium product, of its origin and the specific supply chain.

Haelixa Makes Egyptian Cotton Product Traceable under UNECE Project

  • Staff Writer

October 3, 2022
Top Stories
Corp Action / Patagonia Fallout Analysis
All of Patagonia’s profits, some US$100 million annually, will fund efforts to address climate change and advance wilderness preservation, the company announced recently.

Why Patagonia’s Purpose-Driven Business Model Is Unlikely to Spread

  • Ken Pucker

October 1, 2022
 
 

TRENDING / RIGHT NOW

 

FLASHPOINT: CLIMATE

 

MAGAZINE ARTICLES / MOST READ

 

FOCUS: COTTON

The data portal is one of several steps the organisation has taken over the last five years to provide even greater value for members.

ICAC Takes to Cotton Storytelling with New Data Portal

  • Staff Writer

September 27, 2022
Data Services / ICAC Portal
Growing concerns about textile-derived microplastics, land-use impacts, and human rights have prompted an industry-wide shift to seek natural fibre sources with verified benefits to land and climate.

USDA Grants $30 million for Building Climate-Smart Cotton and Wool Markets

  • Staff Writer

September 17, 2022
Climate Action / Market Grant
 

Highlights of the Week

  • There’s a Desperate Need to Get Together in Person After the Pandemic

    ISKO is the first denim producer in the world to be recognised with the Nordic Swan and EU Ecolabel certifications. ISKO’s research centre, certified by the Turkish government, is run by over 25 textile engineers, who are specialists in creating new denim products.

    ISKO is part of Sanko Tekstil, the textiles division of the Sanko Group. With a global presence and offices in 35 countries, ISKO is the biggest producer of denim in the world. It has a capacity of 300 million metres of fabric per year, with 2000 state-of-the-art automatic looms. Marco Lucietti, Director for Strategic Projects at ISKO, says what it is to be like to be back at Denim PV.

  • Denim Companies Trying to Do Their Bit, But Will That Be Enough?

    Recycling techniques are not yet well developed and widespread. More innovation should be done at that level. There is also the need to suggest the best solutions to customers—such as recycled denim, organic denim or zero-water finished denim—in order to put them in front of all the possibilities and guide them to the choice that best suits their brand philosophy.

    To be able to source/manufacture earth-friendly denim, communication is key which calls for a need to stay constantly updated. That would sound like a dictum from a management manual—only, things don’t work that way on the ground. So, what do companies do? texfash.com explores.

  • EU Textiles Strategy: What it Means for the Denim Sector

    As consumer awareness on sustainability & eco-friendliness grows, they’re interested in production procedures & sources for materials. This supports the positive development of the niche market of denim products that have been produced based with recycled materials, discarded clothes, organic cotton, & materials that have been not treated by hazardous chemicals. Most of these products are sold by smaller brands that distribute their products mainly online, but larger fashion brands have also started to incl

    The new EU Textiles Strategy is all about circular economy. How equipped is the denim sector to meet its demands? Texfash.com probes

  • Denim PV is Eclectic: Each Exhibitor Has to Go Through an Intensive Selection Process

    The Denim Première Vision was born just before the 2008 crisis, and it was from the beginning and without a doubt the place to be for the main players of the denim value chain. The whole denim industry has always been present at the show in order to make business, discover the innovations, and to develop their network.

    If there is an event for the denim industry that is a *must*, then it is Denim Première Vision. As exhibitors and visitors ready themselves for the two-day Berlin edition of Denim PV that starts on 17 May, Show Manager Fabio Adami Dalla Val and Product Manager Manon Mangin tell texfash.com, what it will be like to be at the coveted event.

  • Denim Sustainability No More a Trend, It’s Now an Obligation

    The times are difficult (read: Russia-Ukraine war, supply chain bottlenecks, dismal global economic scenario), and demands by end-consumers reflected through buyers/brands (read: traceability, circularity, sustainability) are getting more strident by the day. All players in the denim value chain have to think on their feet and keep evolving at the same time. That’s easier said than done.

    As the Denim Premiere Vision marks its return to a physical format today at Berlin, the big hope kindled is that there will be a strong showcase of sustainable and ecological treatments and articles. texfash.com talks to a cross-section of exhibitors and visitors.

  • Regenerative Cotton Is Most Pragmatic Way to Stop Climate Change

    THE ORTA DNA

    Founded in 1953, Orta transformed from a spinning & weaving company to a denim manufacturer in 1985. Today, Orta operates in Turkey with its 1000+ employees, creating a platform for leading manufacturers to step up and reclaim a denim industry where more aesthetics leads to more ethics. Orta’s Sustainability Consultant N Sebla Önder dwells at length on a holistic approach into creating eco-positive denim.

  • Produce Less, Better and What Is Necessary. That's Real Sustainability: Paolo Gnutti

    Sustainability should be taught to children as early as elementary school. Not only less water, less electricity, less gas and less cotton, but more respect for the environment, more respect for what we have. Let us consume what we need. Reuse, recycle. True sustainability is in each of us. Industry is a consequence of our needs, not our whims!

    Paolo Gnutti, described as the ‘Wizard of Denim’ and creator of fashion and trends in the indigo world for 35 years, formed 'PG By Paolo Gnutti' in 2018 as a 'Made in Italy’ enterprise focused on garments for mid to high-end productions. Gnutti has joined hands with denim giant ISKO for a new fabric collection: ISKO Luxury by PG. The official launch was held at the ongoing Denim Premiere Vision in Berlin on Tuesday, 17 May. A quick chat.

  • That’s How Denim Companies Came out of the Pandemic

    Denim companies—from fabric manufacturers to garment exporters and accessory producers—had to deal with the COVID-19 pandemic on two fronts. They had to look at the denim ecosystem and pre-empt how to fit into the new scheme of things once the virus had been eradicated, and—like all other businesses in the fashion industry—manage both ends of the value chain.

    The pandemic is as good as over—touch wood. The new normal has brought newer challenges. But, how did denim players tide over the COVID-19 crisis. texfash.com looks ahead even as it looks back.

  • Denim PV Not Another Sourcing Event, But Melting Pot for Ideas

    The denim sector of the textiles-apparel-fashion industry cannot be seen or studied in isolation. It’s the flagship sector of industry—admit it or not. What happens in this segment either has a direct bearing on most others or becomes a benchmark for everyone else: from dyeing techniques and fibre innovations to energy/water consumption and circularity/recyclability.

    Denim’s been a hardy survivor, so have been its stakeholders. And as they congregate at the 'responsible denim fashion event', considered the Mecca for the sector—the Denim Première Vision (Denim PV), at Berlin beginning tomorrow—more than 80 exhibitors, after going through an intensive selection process, will showcase their wares as also their approach in terms of sustainability.

  • Companies that Consider Sustainability an Expense Will Not Survive

    Recycling, reducing and saving are critical to the environment. It is a staple and sustainable system in which natural resources are renewed and wastes never accumulate—closed loop. Bossa is developing a zero waste lifecycle to close the loop.

    Established in 1951, Bossa is one of the largest integrated textile corporations of Turkey with its facility in Adana. General Manager Onur Duru talks about Bossa's production philoshophy and the drivers that are changing the denim sector.

"Quote Unquote"

Wilmet Shea
Wilmet Shea
Deputy General Manager
Messe Frankfurt HK
What the physical fair offers cannot be replaced by digital tools. The hand-feel of the fabrics, and face-to-face communication, for example, form part of an essential and unique interactive experience. With that being said, digital formats will remain a key part of our physical events, and they can be easily adjusted to accommodate the needs of different industries and individual trade fairs.
MORE: What the Physical Fair Offers Cannot Be Replaced by Digital Tools

"Quote Unquote"

Paulo Bessa
Paulo Bessa
Director
Amorim Cork Ventures
Affirming itself as a leading international company in the research, development and production of cork composite solutions, Amorim Cork Composites (one of Amorim's business units) develops ground-breaking concepts and has launched innovative products, applications and solutions in the market.
MORE: Uncorked, And How! With a ‘Solution’ to Weave Rugs
 
 

SPOTLIGHT: DENIM

 

FOCUS: LEATHER

Traceability constitutes a particular challenge for the leather industry as a proliferation of different and diverse approaches on traceability risks are leading to an impasse of mutually-not-recognised certifications, and an increase in unproductive expenses for operators who are forced by customers to follow several schemes and end up with audit fatigue.

COTANCE Urges Leather Certification Bodies to Discuss Standardisation of Core Requirements for Traceability

  • Staff Writer

September 29, 2022
Audit Fatigue / Leather Certifications
The European Green Deal, the Circular Economy Action Plan (CEAP) and the EU Industrial Strategy have identified the textiles ecosystem, including the leather industry, as a priority sector in which the EU can pave the way towards a socially fairer, carbon neutral, circular economy.

COTANCE, IndustriAll to Work for a Fairer, Greener and More Resilient European Tanning Industry

  • Staff Writer

September 15, 2022
Workers Rights / Collaboration
 

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