Next week the CO2Nexus team will travel to Portland, Oregon to attend the Textile Exchange Sustainable Textiles Conference. The agenda is stacked with industry thought leaders who we anticipate will offer enlightening perspectives on the textile industry. Our team is excited for the densely packed week.
In our preparations to attend, our team perceives a real opportunity for organizations and the broader industry to truly deliver on sustainability initiatives and redefine the industry. Three points of interest on the agenda that we’re looking forward to discussing next week:
1) Re-shoring & on-shoring trends in the industry:
As economies are maturing around the globe concurrently with resource depletion, it may make more sense for companies to serve local demand with domestic manufacturing and supply chains. This could create two dynamics – first, companies can reduce supply chain logistics and resource consumption in shipping and cross-country manufacturing, while supporting local agriculture and employment. Second – companies can take ownership of their environmental impact by living and working where they do business. Both of these consequences may reveal new opportunities for revenue and better customer service.
2) Closed-loop design & the circular economy:
Companies can and should begin to engage from farmer to consumer on issues of garment production and maintenance. With the right technology and processes, companies can track and extend the life of their garments. There are real opportunities to engage consumers in garment preservation to counter the harmful impacts of “fast fashion” and our current industry dynamics.
3) Environmental systems thinking:
If leaders consider new processing techniques and innovative business models that account for environmental externalities the results could include industry-leading innovation, new wealth, and real delivery on sustainability goals. This requires that companies expand their perspectives, find synergy in their supply chains, and accommodate longer business timelines.
Among the many topics on the agenda next week, be sure to check out the CO2Nexus team presenting on innovations in carbon dioxide textile processing. As water crises continue to build around the globe in important textile markets like California and India, we invite the industry to comment on our approach to eliminating water from various processes. It is our hope that together we can brainstorm new opportunities to dramatically reduce water consumption, waste water streams, all while enhancing garment function and life.