The European Parliament has taken a significant step towards promoting sustainability and curbing waste with the passage of a directive aimed at enhancing the 'right to repair'. The directive, backed by an overwhelming majority of 584 votes in favor, 3 against, and 14 abstentions, seeks to make repairs easier, more cost-effective, and appealing to consumers while bolstering the repair sector.
Fashion brands across the spectrum, from high-end luxury to mainstream retailers, are increasingly integrating regenerative agriculture practices into their supply chains as part of their sustainability initiatives. These practices, which prioritize working in harmony with nature, are not merely a passing trend but rather essential steps toward a more sustainable future for the apparel industry.
The recent surge in ICE cotton prices, witnessed on Monday, was short-lived as market confidence took a hit due to concerns over demand improvement. Despite opening high on Tuesday, the market failed to sustain momentum throughout the day, lacking support from robust external factors. Weakness in the flash US Composite Purchasing Managers Index (PMI) underscored vulnerabilities in the manufacturing sector, contributing to the market's downward trend.
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