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Source: www.fibre2fashion.com

Source: www.fibre2fashion.com

While leading on innovation, the global fashion industry finds it difficult to transition to circularity and still largely depends on a linear business model, according to a report by Geneva-based World Business Council for Sustainable Development (WBCSD).

Misaligned incentives and reward systems that do not factor in externalities prevent progress on the more circular and sustainable use of resources, and current incentives do not support the transition to circularity and companies lack actionable decision-making information, it notes.

Source: www.fibre2fashion.com

How is digitalisation affecting the textile industry in terms of innovativeness? How can digitalisation be used to meet the challenges currently facing the sector? What are the latest developments? What does the digital future of the textile industry look like? In a panel discussion ahead of this year’s editions of Techtextil and Texprocess, experts considered these and other questions and previewed the trade fairs from 23 to 26 April 2024.

Source: www.fibre2fashion.com

Hermes has opened a store in Wuxi, its thirty-fourth address in China. This new store showcases the diversity of the house’s sixteen métiers and asserts Hermes’ anchorage in Jiangsu province.

Located in Centre 66, at the core of Liangxi District, the store features two levels with architecture inspired by water and stone. The façade pattern is a nod to traditional Ming temple roofs.

Source: www.fibre2fashion.com

The BRICS+ Fashion Summit, held in Moscow from November 28 to December 2, brought together fashion experts from over 60 countries, showcasing their diverse expertise and potential. Heads of fashion associations, content creators, lecturers and designers shared their expertise with an international audience at the summit.

Source: www.fibre2fashion.com

In a recent development, plans are being laid out for a new green special economic zone (SEZ) in Koh Kong province of Cambodia. The discussions, which took place in the coastal province recently, are paving the way for an eco-friendly industrial hub with investments estimated between $400-$800 million.

Source: www.fibre2fashion.com

Vietnam’s Institute of Strategy and Policy on Natural Resources and Environment under the ministry of natural resources and environment and the UN Industrial Development Organisation (UNIDO) have launched a project to accelerate low-carbon circular economy through clean technology innovation, leading to sustainable development.

With an investment capital of over $11 million, the project is being financed by the Global Environment Facility (GEF), the Vietnamese government and other partners.

Source: www.fibre2fashion.com

Texworld New York City and Apparel Sourcing New York City, the largest sourcing event on the East Coast, is gearing up for a showcase of innovation, sustainability, and cutting-edge trends during its upcoming event on January 22-24, 2024. Building on the success of its previous edition, the January event is poised to provide an extraordinary experience for both attendees and exhibitors.

Source: www.fibre2fashion.com

The textile care industry is not immune to challenges such as labour shortages. Digital technologies are increasingly helping to compensate for this situation and optimise work processes. Automation is therefore one of the top themes at Germany’s Texcare International 2024. Other trends and themes at the leading trade fair for professional textile care are the circular economy and energy efficiency as well as hygiene.

Source: www.fibre2fashion.com

The Textile Association (India), Mumbai unit, has announced that it is organising an international conference titled ‘Sustainability and Circularity—The New Challenges for The Textile Value Chain’ on Wednesday, January 31, 2024, at The Lalit hotel, Mumbai.