Cotton industry needs to prepare for “post-2013 recovery”
07/12/2012
The next summit will be held in March in Singapore, bringing together mills, merchants and the wider industry to address the challenges facing the cotton value chain. Last year, more than 300 senior executives travelled to Bangkok to attend the inaugural meeting.
“Through the market volatility and uncertainty the industry has faced over the last four years, cotton and textile professionals confirmed that strong relationships are fundamental to success and profitability,” said Mr McCue. “We all need to work together if cotton is to maintain its position as the world’s most desirable and sustainable fibre.”
Christian Schindler, director general of International Textile Manufacturers Federation, said the global economy is showing signs of improvement but remains fragile due to continuing difficulties in several key regions. He added: “The industry should realise the enormous growth potential in the pipeline. With investments in machinery, markets, distribution channels, research and innovation and education, companies can prepare themselves for the time of the recovery post 2013.”
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