Certification capability of organic-vegan niche apparel and footwear

The world economy is suffering from a strong crisis of the raw materials necessary for production processes to be implemented which, combined with the equally strong high fuels, is generating enormous problems for companies and, of course, for final consumers. Among the primary causes of the raw materials crisis there is certainly the covid-19 pandemic that has blocked the world since 2020 and interrupted the production of many companies. Subsequently, geopolitical instability and the current war provoked by Russia in Ukraine led to the dramatic increase in the cost of raw materials primarily from the CIS area (Commonwealth of Independent States). A perfect storm, it could be said, with a series of linked factors and causes that are having devastating effects on the economy.

2022 August, 16th update

Bureau Veritas expands its certification capability of organic-vegan niche apparel and footwear. With the news of the acquisition of AMSfashion by Bureau Veritas@juststyle addresses the issue of certification system strategies in global clothing and footwear supply chains, which seeks to expand especially in the “vegan” niche.  [Bureau Veritas acquires AMSfashion to boost Europe presence – Just Style]. (Read more)

2022 August, 2nd update

Brazil: Inspiramais, the most important fashion innovation fair in Latin America. The event is at the heart of the creation and socialization of fashion trends in the region: innovation, design and sustainability, from leather goods and footwear supplies to fibers and textile supplies for Italy, Colombia, Portugal, Spain, United States, Peru, etc … in the reportage of @Fashion network [Inspiramais regresa al formato presencial y consolida a Brasil como el principal proveedor de la región – F]. (Read more)

2022 July, 27th update

Chinese car manufacturer Chery invests in Argentina: lithium batteries, electric cars, and leather interiors. Chery is a Chinese car manufacturer that has been operating in Argentina for over 10 years. Chery will start a tannery in La Rioja to produce the leather needed for his cars and a plant for the production of electric cars. But the Chery project is mainly part of the goal of industrialization of lithium: Argentina, Bolivia and Chile form the “Lithium Triangle”, with 67% of the reserves and 50% of the global supply.[Chery confirmó que planea instalar una fábrica de autos eléctricos en la Argentina – TN Autos]. (Read more)

2022 July, 15th update

Russia attempts to create a “too big to sanction” metals giant. The integration project between NorNickel and Rusal, in the hands of Vladimir Potanin, aims to create a “world leader in the metals necessary for the energy transition“. With aluminum, nickel, palladium, platinum etc … it would be too much the world’s dependence on Moscow on these materials to impose sanctions, according to @HuffPost. The narration of @IntelliNews. [Russian metal giants Rusal and Norilsk Nickel could merge under sanctions – bne IntelliNews]. (Read more)

2022 July, 7th update

In Kenya, policymakers are urged to support the textile and leather industry. There are numerous economic challenges that Kenya’s newly elected leaders will have to face decisively from 10 August 2022, four of which are listed by The Standard: strengthening local production, renewing the textile industry, addressing the persistent challenge of leather and implementing microfinance. (Read more)

2022 June, 8th update

A pair of sneakers in Argentina costs 50% more than in Brazil and Mexico, despite the protectionist regime. Data released by the Córdoba Stock Exchange show that protectionism on the textile-leather sector through import licenses reaches an average of 56% for the entire value chain and reaches 94% in clothing. However, despite state protectionism, Argentines continue to pay more for clothes and shoes than their peers in the region. [En Argentina se paga hasta 86% más por electros y 59% por vestimenta que en Brasil y México – Los Andes]. (Read more)

2022 May, 30th update

Automotive Interior Materials Market: Global Forecasts through 2026. The report is “Automotive Interior Materials Market… Global Forecast to 2026” by ResearchAndMarkets.com. The automotive interior materials market will reach $54.8 billion by 2026, at a CAGR of 2.6% compared to $48.1 billion in 2021. Improper disposal of effluents from the tanning industry is hampering the growth of the market in the genuine leather segment. (Read more)

2022 May, 18th update

New Kering achievements with non-leather obtained from the cultivation of animal cells instead of slaughter. Luxury giant Kering has joined forces with Vitrolabs in California on a project that is proving to be really promising. “Non-Leather” produced not from slaughtered cattle could be in production within the next year. [Kering backs cow-free, lab-grown leather. Game changer? – Vogue Business]. (Read more)

2022 May, 9th update

Leather Goods Market to Surpass USD 623.44 Billion by 2028 Witnessing Incremental CAGR of 5.90%. The Market Research Future’s (MRFR) report, “Leather Goods Market Information by Product Type, Distribution Channel and Region – Forecasts through 2028,” estimates a size of more than $623.44 billion by 2028 with a CAGR increase of more than 5.90%. However, the real leather market will become more and more contaminated, incorporating substitutes based on fabric, biological and synthetic materials. (Read more)

2022 May, 4th update

Leather chemicals industry to garner $11.0 billion by 2027. According to “the global leather chemicals industry” report, leather chemicals was worth $7.5 billion in 2019 and is estimated to reach $11.0 billion by 2027, recording a CAGR (Compound Annual Growth Rate) of 6.4% from 2020 to 2027. This is reported by the Digital Journal. (Read more)

2022 April, 27th update

Germany risks losing its leadership in industrial production in the ongoing crisis. This is especially true for hydrocarbons. According to the main German economic institutes (RWI, DWI, Ifo, IfW, IHW) without Russian gas and oil supplies the German economy would incur a “deep recession”. (Read more)