Industry News | 12/4/24
Texprocess Americas 2025 Aims To Drive Apparel Innovation
Just Style | December 3, 2024
Texprocess Americas, which is taking place in Atlanta on May 6-8, 2025 will showcase new technology to support the growth of the apparel manufacturing sector in the Western Hemisphere.
Here’s SPESA’s Michael McDonald: “Through dozens of touchpoints and direct in-person engagement, you’ll leave Atlanta with a better understanding of how to build soft goods in the US, Canada, Mexico, and CAFTA-DR regions. You’ll leave Atlanta with a unique knowledge of the upstream and downstream supply chain that exists in the Americas and the latest trends driving change across those markets. It’s this type of insight that allows both exhibitors and attendees of Texprocess Americas to adapt and grow within their respective businesses.”
Bipartisan Majority of Americans Oppose Raising Tariffs on Countries That Abide by Trade Rules
Sourcing Journal | December 3, 2024
A survey of 4,675 American adults conducted in September allowed respondents to engage in a “policymaking simulation” in which they were given multiple arguments for and against different tariff policies. Surveyed parties across Arizona, Georgia, Michigan, Nevada, Pennsylvania, and Wisconsin, as well as nationally, support the U.S. maintaining low tariffs on goods from other nations.
More on Trump and tariffs here: Tariffs, Trade Preferences and Trump: The USFIA Explains
Consumers Are Demanding Sustainable Products. Here’s How AI Is Helping Deliver Them
Textile World | December 3, 2024
Consumers have grown increasingly clear about their preferences for sustainability and it’s showing in their spending habits. A new study found that more than 80 percent of consumers are willing to pay more for sustainably produced goods, which is especially notable at a time when shoppers are tightening their belts amid inflation and higher costs of living. Some consumers are willing to pay a premium of 9.7 percent more for products that meet higher environmental standards, the study reported.
As retail looks toward a more sustainable future, AI and advanced data management systems will be essential for creating responsive, responsible supply chains that can adapt to regulatory changes and market demands. By investing in the right digital systems, retailers can future-proof their operations while ensuring they meet consumers’ rising expectations of social and environmental sustainability.
SPESA MEMBER SPOTLIGHT | Lectra's TextileGenesis & AbTF To Enhance Traceability of CmiA Fibre
Fibre2Fashion | December 2, 2024
TextileGenesis, a Lectra group company, and the Aid by Trade Foundation (AbTF) are proud to announce the continuation of their successful partnership to further enhance traceability for Cotton made in Africa (CmiA) verified fiber. This new collaboration aims to reinforce supply chain transparency and drive CmiA’s commitment to sustainable and ethical cotton production.
SPESA 'Oui'ves' Together Successful Executive Conference in Montréal
eTC | November 27, 2024
Check out eTC’s recent coverage of SPESA’s 2024 Executive Conference in Montréal. Thanks always to Devin Steele for his words, photos, and puns!
SPESA MEMBER SPOTLIGHT | Tukatech in the News
SPESA member Tukatech has kept busy over the past several weeks. On November 27, Tukatech announced a partnership with India’s UV Stacks. The new collaboration leverages Tukatech’s design software with UV Stacks’ Gaiabay platform, allowing U.S.-based brands and designers to create customized products on demand in India. The duty-free goods can be shipped globally to customers through UV Stacks’ Vayulogi logistics segment.
In other news, Tukatech announced that it had recently onboarded industry veteran Suresh Dureja as Managing Director of Canada.
Lastly, you can check out Tukatech profiled in Sourcing Journal’s biweekly Byte-Sized AI column here.
New Tool Launched To Boost Human Rights, Environmental Due Diligence
Just Style | November 27, 2024
AIM-Progress and The Consumer Goods Forum Human Rights Coalition, have collaborated with the Fair Labor Association (FLA) and Proforest to introduce the Converged Human Rights and Environmental Due Diligence (HREDD) Assessment Tool. This open-source resource aims to assist businesses in recognising, preventing, and managing potential risks related to human rights and environmental issues within their operations and supply chains.
Reju Taps French Heavyweights for Textile Recycling
Sourcing Journal | November 25, 2024
The Paris-based textile-to-textile recycling firm’s tête-à-tête with end-of-life textiles saver Nouvelles Fibres Textiles (NFT) will see the two French firms collaborate on the sourcing and recycling of textile waste as the country begins building out a circular ecosystem.
Messe Frankfurt’s Texpertise Network Connects the Textile World
Sourcing Journal | November 25, 2024
Messe Frankfurt is committed to future topics and sustainability in the global textile industry, reaching exhibitors and trade visitors from the industry, media professionals, social media multipliers, end consumers and political representatives alike. Focusing on current topics, trends, market analyses and events around the textile business, Texpertise connects more than 500,000 industry professionals from all over the world.
AAFA Calls on ILA and USMX to Avoid Strike, Resume Negotiations
Fashion Dive | November 22, 2024
The American Apparel & Footwear Association (AAFA) is calling on the International Longshoremen’s Association and the U.S. Maritime Alliance to continue negotiations for its master contract agreement set to expire January 15, 2025. The trade organization also sent a separate letter to President Joe Biden, which urged the U.S. government to expand its efforts in protecting international shipping lanes in the Red Sea from attacks from Houthi rebels.
81% of Execs Say ‘Strategic Reshoring’ is Central to Their Sourcing Plans
Sourcing Journal | November 21, 2024
In 2024, 64 percent of executives report that they’re actively making investments in shaking up sourcing, according to newly released research from Bain & Company. Nearly half (46 percent) of the 166 execs surveyed said they were looking into “split-shoring,” the firm’s terminology for developing offshore, nearshore and onshore sourcing, while 18 percent said they were gung-ho about developing a nearshore supply chain. Just 36 percent of C-Suite leaders said they were investing in offshoring moving forward.
Lab-Grown Leather Firm Faircraft Raises $16M
Fashion Dive | November 21, 2024
Faircraft’s lab-created leather is derived from animal skin cells that replicate traditional leather structures and composition. The company said its end product is genuine leather, and that it also works with master tanners specializing in luxury leather goods.
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