, Author at Vital Commodity

US brand Levi Strauss launches roadmap to achieve Net Zero by 2050

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Levi Strauss & Co. (LS&Co.) has released its inaugural climate transition plan, aiming for Net Zero emissions by 2050.
The plan focuses on reducing GHG emissions through operational improvements, value chain partnerships, and strong governance.
Key targets include a 90% reduction in scope 1 & 2 emissions by 2025, 100% renewable electricity in facilities, and a 50% reduction in water use in stressed areas.

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UK’s clothing exports down 21% to $343 mn in August 2024

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In August 2024, UK clothing exports dropped 21.4 per cent year-on-year to £263 million (~$343.8 million) but rose slightly from July.
Textile fabric exports grew 8.85 per cent year-on-year to £209 million, though they fell month-on-month, while fibre exports decreased to £43 million.
For Q2 2024, clothing exports reached £837 million.
In 2023, total clothing exports declined to £3.772 billion.

UK’s clothing exports down 21% to $343 mn in August 2024 Read More »

Weekend Warrior workout: 10 must-try exercises to slash disease risk!

Health & Fitness

Do you hardly get time to do some physical activity throughout the day? While some people stay physically inactive all year round, others take at least 30-40 minutes to sweat it out but if you only get time on weekends, there is some good news for you! Turns out, cramming the recommended amount of exercise

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Meditation for weight loss: Is it effective?

Health & Fitness

Believe it or not, the mind-body connection is a big deal when it comes to weight loss! While it may seem odd to include a practice that requires you to sit in one place, with your eyes closed, to lose weight, meditation can be a valuable tool in your weight loss journey. From reducing stress to

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Chinese company to invest $5.85 mn in Bangladesh’s AEPZ

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Chinese company Jidalai will invest $5.85 million to establish a zipper puller manufacturing facility in AEPZ, producing 70 million pieces annually and creating 189 jobs.
An agreement was signed on October 16, at the BEPZA Complex in Dhaka.
BEPZA’s executive chairman expressed gratitude for Jidalai’s investment and assured support for smooth operations.

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US’ e-commerce giant eBay announces global expansion of CFF

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eBay has expanded its Circular Fashion Fund (CFF), providing $1.2 million by 2025 to help fashion start-ups scale circular solutions, including rental and repair services.
The fund also offers over 200 hours of mentoring.
Applications are open until November 15, 2024, with winners receiving cash prizes and mentoring.
The initiative aims to promote sustainable and circular fashion worldwide.

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Indian nightwear exports: Challenges, recovery & future prospects

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The sleepwear sector in India, accounting for 5 per cent of its total apparel exports, has faced fluctuating exports since 2018, impacted by global disruptions and rising cotton prices.
Despite its cotton advantage, India lags in capitalising on this resource.
However, Indian sleepwear market growth is projected for 2024, driven by innovations and market adaptation.

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German brand Adidas’ revenue increases to $7.01 bn in Q3 2024

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Adidas reported a 10 per cent YoY currency-neutral revenue growth in Q3 2024, with euro revenues up 7 per cent to €6.438 billion (~$7.01 billion).
Operating profit rose to €598 million (~$651 million), partly due to Yeezy inventory sales.
Excluding Yeezy, revenue grew 14 per cent. Adidas raised its full-year forecast, expecting 10 per cent growth and €1.2 billion (~$1.3 billion) operating profit.

German brand Adidas’ revenue increases to $7.01 bn in Q3 2024 Read More »

Step-up exercise: 5 reasons why you should do this exercise everyday

Health & Fitness

If you want to work on your butt and legs, then find a box, and learn the right way to do step-up exercises. Step-ups are a lower body compound exercise that is done by stepping onto an elevated surface like a box or a step. These exercises work the glutes, adductors, hamstrings, quadriceps, core, and

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UK’s clothing imports drop 11.9% to $1.71 bn in Aug 2024

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In August 2024, the UK’s clothing imports fell by 11.99 per cent year-on-year to £1.313 billion (~$1.715 billion) but saw a monthly increase from July’s £1.178 billion.
Textile fabric and fibre imports also declined compared to 2023.
In Q2 2024, clothing imports were 5.75 per cent lower than the same period in 2023.
UK clothing imports dropped significantly in 2023, down 25.94 per cent from 2022.

UK’s clothing imports drop 11.9% to $1.71 bn in Aug 2024 Read More »