Category Archives: Companies

Sustainability in the Textile Industry

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The textile industry is increasingly turning to sustainable materials and innovative production methods to address the environmental challenges posed by fast fashion. As BEXIMCO’s Ahmed Shahryar Rahman said, “we are proud to lead in advanced material technology, and other sustainability practices by integrating cutting-edge sustainable practices into its operations.”

Innovative Sustainable Materials

Many companies are now exploring eco-friendly alternatives to traditional textiles. They are looking for materials that are fast-growing or a renewable resource, plant fibers that can be grown without negative environmental impact from pesticides or synthetic fertilizers, and ways to recycle materials to repurpose waste.

As President of BEXIMCO’s Textiles, Apparel, and PPE divisions, Ahmed Shahryar Rahman has explained that the company has committed to exploring and implementing as many sustainable measures as they can in economic, social, and environmental spheres.  

In their creation of textiles, BEXIMCO is pioneering the use of hemp fiber, recognized for its environmental benefits. Their patented electrical cottonised hemp process enhances the usability of hemp fibers, allowing them to overcome the traditional limitations of hemp’s coarse texture and poor spinnability. Additionally, this innovation offers environmental advantages because hemp requires substantially less water and pesticides compared to other natural fibers and presents a resilient alternative in the context of climate change.

Beyond hemp, BEXIMCO has expanded its sustainable material portfolio by utilizing recycled and biodegradable materials. The company incorporates biodegradable synthetic fibers and recycled polyester made from post-consumer waste like plastic bottles and textile scraps, which directly reduces landfill contributions and resource consumption. Recycled polyester can be further recycled through mechanical or chemical processes at the end of its life, while bio-based polyester uses renewable feedstocks like crops or bio-waste instead of petroleum.

Advanced Production Methods

Sustainability in the fashion industry extends beyond material selection. It requires transparency. Consumers need to trust that materials are sourced where companies say they are sourced, and that the fibers are being produced in ethical and sustainable ways.

The company FibreTrace works with over 60 suppliers of cotton, recycled polyester, viscose, wool, and leather and combines physical tracers with real-time digital monitoring to provide transparency and traceability in the textile industry. They work with companies like Target, Cargill, Reformation, 7 For All Mankind, and many others including BEXIMCO.

For BEXIMCO, FibreTrace provides traceability for their GOTS-certified organic cotton supply chain which is grown with low environmental impact methods that maintain soil fertility and reduce pesticide use and have achieved certification from the Better Cotton Initiative (BCI). All of this ensures that consumers can verify the origins of their products, enhancing trust and accountability. Ahmed Shahryar Rahman has said that the company is searching for other ways to integrate this kind of technology into other aspects of their textile production as well.

By integrating these advanced sustainable practices, BEXIMCO demonstrates how large-scale textile manufacturers can reduce environmental impact while meeting growing consumer demand for ethical fashion. The company’s approach serves as a model for sustainable textile production, balancing technological innovation with environmental responsibility and setting new standards in the industry.

Disney Parks’ Holiday Transformation Drives Year-End Success

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Every year, Disney’s theme parks undergo a six-week transformation as they transition from Halloween to the winter holiday season. This change, planned over 12 months, begins about two weeks before Halloween with crews working overnight to maintain the parks’ magical atmosphere during operating hours.

The seasonal shift from autumn-themed decorations to holiday adornments has proven to be a significant revenue driver for Disney. The experiences division, which includes parks, cruises, hotels, and consumer products, reported revenue of $9.13 billion for October – December 2023, which was notably higher than other quarters’ earnings of $7-8.3 billion.

Both Walt Disney World and Disneyland Resort offer unique holiday experiences while maintaining their distinct character. Walt Disney World features Mickey’s Very Merry Christmas Party and the new Jollywood Nights, while Disneyland is known for its extensive holiday ride overlays, including “it’s a small world” Holiday. Both destinations showcase sparkling ornamented trees, festive character costumes, limited-time food and beverage options, exclusive merchandise, and special entertainment by mid-November.

Over time, the transformation has evolved to include light shows and projection mappings. The parks have also embraced cultural inclusivity through events like EPCOT’s Festival of the Holidays. Disney’s sustainability efforts have intensified in recent years with energy-efficient lighting and eco-friendly decorations. This combination of tradition and innovation has been successful in encouraging visitors to make annual traditions and repeat visits. Particularly from local parkgoers, the holiday season typically sees increased attendance which helps makes it one of Disney’s most successful periods.

Platinum Bars are Costco’s Newest “Treasure”

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Costco, the big-box retail giant, has perfected the “treasure hunt” shopping experience—a strategy that keeps members coming back. This approach revolves around rotating inventory, limited-time deals, and strategically placed high-value items, making each visit feel like an adventure. As Costco’s founder, Jim Sinegal, said, “if you see it, you ought to buy it because chances are it ain’t going to be there next time.”

A recent example of a Costco “treasure” is the company’s foray into precious metals. The company recently began offering Swiss-made platinum bars exclusively to members. This was following the success of its gold bars in 2023, which generated over $100 million in sales during the first quarter. These high-value items exemplify the treasure hunt strategy, creating surprise, excitement, and urgency for customers.

Costco’s approach goes beyond metals however, and spans its entire operation. With around 4,000 items, compared to other retailers that carry over 20,000 items, or supermarkets with 40-50,000 items, Costco not only creates scarcity, but also ensures each item meets strict quality standards. Frequent product rotations and discounted premium goods add to the sense of discovery that encourages repeat visits and members buying items that aren’t necessarily on their “list.”

This treasure hunt strategy isn’t just a marketing tactic; it’s key to Costco’s business model. By consistently refreshing its offerings and creating a dynamic shopping environment, Costco builds loyalty and keeps customers coming back. Customers shop longer, buy more products, and return more often. This approach sets Costco apart from online competitors and drives continued growth by turning shopping into a unique, ever-changing experience. Members are always wondering, what will I find next time?

Will a “right to disconnect” reach the U.S.?

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Australia recently introduced a “right to disconnect” law, allowing workers to ignore after-hours communications from employers without fear of punishment. The law, which aims to restore work-life balance, lets employees choose whether to respond to calls or messages outside working hours unless their refusal is deemed unreasonable. This measure addresses the growing issue of unpaid overtime, with a 2023 survey finding Australians worked an average of 281 unpaid overtime hours annually.

The move is part of a global trend, with more than 20 countries, mainly in Europe and Latin America, implementing similar protections. Proponents argue that this law not only benefits employees but also helps businesses by reducing stress and burnout, leading to healthier, more productive workforces.

In the U.S., however, federal protections do not yet exist. American workers continue to face blurred boundaries between work and personal time, a challenge that has only grown with the rise of remote work since the pandemic. While some states are exploring legislation to address these issues, efforts like a bill proposed in California were put on hold earlier this year after pushback from business groups. As the U.S. grapples with increasing demands for a better work-life balance, concepts like a four-day workweek or the “right to disconnect” could become a key focus of future labor discussions.

JetBlue Appoints the First Female CEO of a Major Airline

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Joanna Geraghty, 51, will step into the role of CEO at JetBlue, making her the first woman to lead a major U.S. airline. Geraghty began her tenure at JetBlue nearly two decades ago, in 2005. She has served as president and chief operating officer since 2018. Geraghty emphasized her commitment to driving strategic initiatives, restoring profitability, and creating enduring value for shareholders.

Geraghty’s promotion comes as Robin Hayes, JetBlue’s current CEO, prepares to retire due to health concerns. Hayes, 57, acknowledged the taxing nature of his role, citing the need to prioritize his well-being following advice from his doctor and discussions with his family.

Geraghty is scheduled to become CEO on Feb. 12, around the time when a federal judge will decide if JetBlue can legally acquire Spirit Airlines. JetBlue has actively pursued mergers to narrow the gap with industry giants like American, Delta, United, and Southwest. Notably, in 2016, Hayes had previously attempted to acquire Virgin America, only to be outbid by Alaska Airlines.