Home / Knowledge / News / Textiles / Sixth Biennial Sourcing USA Summit fosters cooperation
Sixth Biennial Sourcing USA Summit fosters cooperation
31
Dec '10
During a year punctuated by historically high cotton prices, global leaders of the global cotton supply chain met in Rancho Palos Verdes in California to explore issues and opportunities. The event, which took place from November 9 through November 12, was the sixth biennial Sourcing USA Summit presented by Cotton Council International and Cotton Incorporated.

The Summit was a successful marketing platform for U.S. cotton. Preliminary survey results show that about 596,700 bales were sold during the Summit, and the expected quantity to sell within three months following the Summit is about 1.96 million bales.

The Summit, themed “Strengthening Enduring Partnerships,” typically draws in U.S. cotton buyers before and after the actual event, which further aids sales during those weeks. The Summit was attended by over 450 representatives of the global cotton industry and featured presentations by experts in the fields of global economics, agriculture, textiles and brand retailing.

“These Summits present a unique opportunity to share information with senior executives and principals from all over the cotton world, and to feel first-hand the global pulse of the key issues in the cotton supply chain,” said Wallace L. (Wally) Darneille, Cotton Council International President.

J. Berrye Worsham, President and CEO of Cotton Incorporated commented: “What emerged from these discussions was a strengthening of the relationships among growers, merchants, manufacturers, and retailers; which recognize that all must work together to weather short-term storms and assure longterm success.”

A key issue at this Summit was the dynamic of cotton pricing and availability. Dr. Marci Rossell, former CNBC Chief Economist and host of Squawk Box, put global macroeconomics into perspective; while Mr. Kurt Cavano, Chairman and CEO of TradeCard, drilled down to how global economic trends affected the cotton supply chain.

During a unique business forum, representatives from different links of the supply chain engaged in a bull-and-bear forum on the future of cotton pricing. Two key outcomes of the forum were an insight into how keenly different sectors appreciate the concerns of other links on the chain, and the necessity of cooperation along that supply chain --- especially when challenges such as current pricing develop.

John Anderson, the President and CEO of Levi Strauss & Co., stressed the importance of 'simple truths' in marketing to the global consumer, and presented ways in which the Levi's brand is accomplishing this task. In reaffirming Levi's commitment to sustainable sourcing and manufacturing, Mr. Anderson cited a recent Life Cycle Assessment of Levi's jeans. The third-party study concluded that the greatest opportunity for lessening denim's environmental impact was through consumer education about home laundering.

The complexities of Life Cycle Assessment were articulated in a presentation on cotton's carbon footprint by Dr. Marty Matlock, Professor of Biological and Agricultural Engineering at the University of Arkansas. Matlock stated that the strength of an LCA is its power to inform processes and monitor their improvement, rather than as a tool to differentiate one process from another.


Must ReadView All

Apparel/Garments | On 22nd Sep 2017

Govt announces new duty drawback rates for garments

The Government of India has today announced the new duty drawback...

Courtesy: ITMA

Textiles | On 22nd Sep 2017

ITMA 2019 to focus on smart garment technologies

ITMA 2019, the world's largest textile and garment technology...

Apparel/Garments | On 22nd Sep 2017

New US FTC rule for RN used on textile product labels

The US Federal Trade Commission recently streamlined requirements...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search