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Economy

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Overview of the planting and harvesting times of the eight major cotton producing countries © Bremer Baumwollbörse

 
31/08/2022 – Cotton

Cotton

Season 2022/23 marked by uncertainty

The volatility with cotton prices, global macroeconomic conditions, and the turmoil in Eastern Europe are creating uncertainties in cotton demand. By  Sibylle Michel
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Hellmann had its most successful year in the company’s 150-year history. © Hellmann Worldwide Logistics

 
13/07/2022 – Economy

Economy

Hellmann achieves annual revenue of over EUR 4 billion

Despite challenging market conditions, Hellmann Worldwide Logistics closes 2021 as the most successful financial year in its 150-year history. By  Sibylle Michel
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The IPCC report measures manufacturing costs broken down into various cost elements at each stage of the textile value chain. © ITMF

 
27/06/2022 – IPCC report

IPCC report

Tracing production costs in the primary textile industry

The new edition of the International Production Cost Comparison (IPCC) from ITMF has been published. The report measures the manufacturing costs of different ... By  Editorial staff
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The war has also impacted Russia’s domestic textile and apparel market, as many U.S. and Western brand names have decided to suspend operations in the Russian market. © Feydzhet Shabanov/stock.adobe.com

 
07/06/2022 – U.S. textile and apparel sector

U.S. textile and apparel sector

Russia-Ukraine war creates uncertainties

The ongoing Russia-Ukraine war has impacted a number of industries in the U.S., including the textile and apparel sector which faces uncertainties. By  Manik Mehta, New York
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Global Business Sentiment, Q1 ‘21 – Q1 ‘22 © GlobalData

 
02/05/2022 – Economy

Economy

Business sentiment remained flat in Q1 2022

Business sentiment plateaued in Q1 2022 compared to the previous quarter, while gaining 6% compared to Q1 2021. By  Editorial staff
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The Russia-Ukraine conflict will have a multifold impact on the global business environment. © Negro Elkha/stock.adobe.com

 
06/04/2022 – War in Ukraine

War in Ukraine

Impact on the apparel industry and economy

The economic impact of the Russia-Ukraine conflict is widespread across the globe and also affetcs the textile industry. By  Editorial staff
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Many companies are considering shutting down production because of extremely high energy costs. © teerapon/stock.adobe.com

 
10/03/2022 – Energy crisis

Energy crisis

Euratex asks the EU to control the rise of prices

Notwithstanding the industry support to the sanctions in place against Russia, Euratex highlights that companies are at risk of stopping their production ... By  Editorial staff