"In the last decade, the (wool) price has gone up and that has been the biggest change. Farmers are now becoming profitable. This is a big and important change as they are now making money; that’s because a decade ago they were not making any. They are keeping the industry alive," McCullough told Fibre2Fashion in an exclusive interview.
Talking about the scope of the Indian wool industry, he said, "India is a bit different because it is a very hot market. It is still very important to us because there are lots of deconstructed wool garments on the market now, and we can capitalise on that. More deconstructed garments are being manufactured now (compared to earlier). It is a good opportunity there. It is a completely different market compared to Europe and North America, and there is good population and affluence as well. The climate is also favourable. There are tailored garments in the market too; so that is also an opportunity."
As for the Australian wool industry, McCullough said that its limitations are sales. The Woolmark Company wants to sell more garments and is therefore now marketing around the world.
When asked about the future plans of The Woolmark Company, he said, "We will be working on some different programmes that look into product development. We are actively investing in product development. That is one. Second, we want to become more digitally abreast (of others). Certainly, we have got a digital strategy in place, which gives us digital force. Social media is an important component, and so the other thing is to increase our digital presence in the next 12 months. Over the next year, we want to talk about biodegradability of wool." McCullough added that his organisation is using marketing for promoting Australian merino wool across the globe. The International Woolmark Prize (IWP) is a marketing strategy for it and is used as a platform for profiling its product and the brand. (KD)
Click here to read the complete interview.
Fibre2Fashion News Desk – India
Textiles | On 20th May 2018
American & Efird (A&E), a global leader in industrial sewing thread...
Textiles | On 20th May 2018
Archroma, a leader in colour and specialty chemicals, has joined...
Surat dominates foiling, embossing and pleating
'Hugo Boss works with carefully selected sourcing partners'
Ozone PB Spintex Limited
‘We have made huge investments to ensure quality yarn production.’
Oswal Prints Private Limited has been manufacturing and exporting ethnic...
Activewear brand Soul Space promotes organic cotton farming and...
Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....
Bombay Textile Research Association
Bombay Textile Research Association (BTRA) is a leading name in textile...
Nature Works LLC
Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...
Swerea IVF AB
Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...