Manufacturers Should Focus More On Waste Management, HSBC Webinar Experts Say
Now is the time for manufacturers to invest more in waste management and product recycling to ensure the sustainability of the business, experts and entrepreneurs said during a webinar today.
The coronavirus pandemic has accelerated the need for e-commerce, so investing in digitization is important, said Gihan Palihena, director of the South Asian product supply chain at Kontoor Brands.
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Manufacturers must also invest in waste management so that we can leave a better planet, he said.
In order to encourage dialogue on how to support the sustainable transition of the clothing industry, HSBC Bangladesh hosted the webinar on “The transition to a circular economy for the clothing industry”.
The circular fashion industry is a growing movement to reuse and recycle all materials, removing waste and pollution and regenerating the environment in a “circular model”.
“Investing in people, developing talents and skills, and understanding the value of data and speed are all key to being a market leader,” said Palihena.
More and more research is also needed for innovation, he said.
Besides maintaining compliance, it’s also important to focus on environmental issues, Palihena said.
“With the aim of ensuring sustainable fashion and encouraging a circular economy, we look forward to partnering with our customers, industry players and key stakeholders to mobilize funding and accelerate innovation to lead the transition to a show. net zero carbon, he added.
The textile and clothing sector is experiencing strong growth in the post-pandemic era and the transition to a circular model, with reuse and recycling, is a very important shift towards sustainability, said Kevin Green, country manager of wholesale banking services, HSBC Bangladesh.