The EU-funded New Cotton Project has successfully concluded its three-and-a-half-year mission of exploring the possibilities of fiber-to-fiber recycling in the textile industry. Here's a breakdown of the project's concept, goals, progress, and potential impact:
Türkiye's textile industry, a cornerstone of its economy and a significant global player, has faced formidable challenges following the devastating earthquake of February 2023. Despite the upheaval, Türkiye demonstrates resilience, yet lingering concerns about ethical practices cast shadows over its future trajectory as a sourcing destination.
The Italian fashion industry is poised to witness a growth of 3.2% in 2023, reaching sales of €111.7 billion, according to data released by Confindustria Moda. This growth is exclusively attributed to increased sales in value terms, marking a shift from the pandemic-induced trend. However, for the first time since the pandemic, the industry experienced a contraction in volumes. Additionally, the year saw a notable reduction in profit margins, influenced by surging energy and raw material costs, which were not offset by higher downstream prices.
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