Despite a strengthening in the Australian dollar, wool prices in key markets have risen slowly and steadily so far in 2016, according to data published by the Woolmark Company.
The benchmark Australian Eastern Market Index (EMI), which ended 2015 at $4.12, increased to $4.22 during the week ended Mar. 18, a year-to-date increase of $0.10 per pound, or 2.4%.
The increased value of the Aussie dollar against other key trading currencies makes Australian wool more expensive to foreign buyers. Although in the first several weeks of the year currency values tended to slow market activity, as buyers held back on purchases for fear the currency would retreat, by mid-month demand picked up across the board as the currency showed no signs of weakening.
Invista and its partner, Solvay, will deploy new technology for nylon expected to substantially improve the production process.Read more
Target is growing its private label lines and tapping into consumers’ wellness-focused wardrobes with its new performance activewear brand, JoyLab.Read more
What to expect for Autumn/Winter 2018-19 denim, plus trendsetting consumers want denim to push boundaries.Read more
European companies are improving their supply chains—and it has almost everything to do with company culture.Read more
Global container freight rates continue to be depressed by demand, despite some recent upticks.Read more
How do global companies and supply chains plan for inevitable but unpredictable disruptions, and how can they mitigate the damage?Read more
As advances in technology and changing trade patterns affect opportunities for export-led manufacturing, innovations such as smart automation, advanced robotics and 3-D printing are increasingly influencing which locations are attractive for production.Read more