adv-06 adv-06

Cotton USA organized webinar with one of USCTP Brand Members, GAP”

adv-07

Cotton USA held a webinar on “U.S COTTON TRUST PROTOCOL featuring the credit system, USCTP Latest News and a word from one of USCTP Brand Members, GAP”, to educate mills and manufacturers in Bangladesh about the US Cotton Trust Protocol Credit Management System (PCMS) on 1st June 2021. Ali Arsalan, Cotton Council (CCI) representative in Bangladesh opened the session with some cotton market information noting strong imports of 180,000 metric tons per month in Bangladesh in Feb, Mar, Apr, May and firm yarn prices. Mr. Arsalan also touched upon the recent delays at transshipment ports of Colombo, Singapore and Malaysia due to the global container congestion, and Bangladesh being affected more than others due to the lack of a deep-sea port. Although yarn prices remain firm, Mr. Arsalan remarked that spinners were finding it difficult to manage raw material inventory, and production planning, with long delays for feeder vessel connections. Stephanie-Thiers Ratcliffe, Director of Brands and Retailers at CCI and Tara Luckman, Director of Sustainability at CCI presented together with about the US Cotton Trust Protocol and recent news about Next (UK), Gap and Gildan as the latest brand members to join the program and finally, Kraipob Pangsapa, CCI Representative in Thailand presented in detail about the Protocol Credit Management System, where the USCTP has partnered with Textile Genesis for a web-based trackable equivalency program, supported by blockchain technology. This system allows for recording of specific articles (such as trousers, or polo tee shirts) and to track the consumption of US cotton and Protocol Credits through the supply chain with the final goal being for Brands and Retailers to be able to make specific claims on environmental impacts, due to their consumption of Protocol Credits. The US Cotton Trust Protocol will be running Pilot programs with Brands and Retailers soon and it should be an exciting new development in supply chain transparency. Finally, Agata Smeets, Chief Sustainability Officer at Gap, spoke a few words about Gap’s commitment to sustainable raw materials, and their endorsement of the USCTP. Representatives from reputed textile mills joined at the webinar. Representatives from Square Textiles, Pahartali Textile, Envoy Textiles, Malek Spinning, Salek Textile etc. joined the webinar.