All Trade & Sourcing articles – Page 2
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ArticleUnclear US ‘Transshipping’ tariff rate scope keeps Vietnam on its toes
Two days ahead of the July 9 deadline for the US “reciprocal tariffs” pause – or rather, the reduction of all import duties to a 10 percent baseline rate – only two ”definitive” bilateral agreements have been announced by President Donald Trump: with the UK, in early May, and with ...
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News briefs
Safilo supply agreement with Kering Eyewear extended until 2029
Safilo Group has announced the early renewal of its supply agreement with Kering Eyewear until 2029. The supply agreement between both groups started in 2015 after Kering decided to produce its eyewear licenses in-house, which led to the early termination of Safilo’s Gucci license. In a 2019 Eyewear Intelligence article, ...
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ArticleUS-China tariffs climbdown provides ‘breathing room’ but uncertainties loom large
In a steeper-than-expected climbdown of the trade war between the US and China, both superpowers agreed yesterday to slash down their respective “reciprocal” tariffs for a period of 90 days, approximately one month after their implementation. The agreement followed a weekend of trade talks in Switzerland and was accompanied by ...
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News briefs
Zyloware announces initiatives to mitigate US tariffs impact
Zyloware, an established US eyewear vendor with over 100 years of business history, has announced on its corporate blog several initiatives aimed at mitigating the impact of the US reciprocal tariffs announced by President Donald Trump last month. The company’s main measures include the diversification of its manufacturing footprint by ...
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ArticleThe Vision Council highlights change in US customs tactics, analyzes supply chain scenarios
TVC details the impact of the US administration’s trade policy changes on eyewear supply chains, and sends a delegation to the White House to advocate on behalf of its 500+ members and the eyewear sector at large.
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ArticleMixed feelings in Fukui over ‘Made in Japan’ eyewear amid export surge
Exports of Japanese eyewear products have strongly rebounded in recent years, lifted in part by the growing popularity overseas of the Made in Japan label, notably in the US and Europe. However, a recent survey, as well as an initiative by the Fukui eyewear industry association, shows mixed feelings over the country-of-origin label in the region. Meanwhile, the shortage of workers and the increasing number of subcontractors closing shop remain important challenges for the local industry.
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ArticlePPG Optical grows with legacy products and innovations, looks for more sustainable processes
Amy Mercante, General Manager Specialty Products, discusses the performance of the group’s optical division and other industry topics including smart eyewear, additive manufacturing and sustainability challenges in the lens supply chain.
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News briefsLa/Es to use Eastman’s Acetate Renew
Laminati Estrusi Termoplastici (La/Es) announced on the opening day of the Silmo show in Paris that it would start offering Eastman’s Aceter Renew across all its acetate collections. Acetate Renew is an acetate flake made of 60 percent bio-based and 40 percent recycled material. The new material has been progressively ...
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News briefs
New warehouse at Novacel HQ
Novacel has announced the completion of the building of a new 3,000 square-meter warehouse for its equipment division at its headquarters in the north of France. The company said that the investment was meant to support the growth of its instruments business that doubled in the last six years, as ...
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ArticleRussian contact lenses market in turmoil
Russia experiences a temporary shortage of Johnson & Johnson’s Acuvue contact lenses due to panic buying and logistics disruptions, the Russian newspaper Kommersant reported, quoting optical retailers. The Russian retail chain Happy Look said that Acuvue accounted for 50 percent of the Russian contact lenses market, and from 70 to ...
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Sponsored articleYueheng and Wingram present sustainable solutions for eyewear
BioAcetate S70 is a biobased and biodegradable material that improves performance and the environment while leading lens manufacturer, Yueheng, offers a plethora of sustainable options for its customers.
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News briefs
Little interest in origin of optical products in France, poll says
According to a recent poll by Acuité, about 25 percent of French opticians declared that their clients were regularly or almost always asking questions about the origin of the frames and lenses. In detail, 19 percent of surveyed opticians estimate that about half of their clients made such enquiries while, ...
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News briefsMaterialise and Odette 3D print eco-friendly eyewear
The Belgian eyewear brand Odette Lunettes is releasing a collection in partnership with Materialise, a 3D-printing company, also headquartered in Belgium. Former professional cyclist Tom Boonen also collaborated to the project. Source: Materialise For this collection, Materialise has begun to use a raw material called Polyamide ...
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News briefs
FGX to use Eastman’s recycled copolyester
FGX International – the Essilux-owned designer and marketer of nonprescription reading glasses, optical frames and sunglasses – has signed a procurement deal to use Eastman’s Tritan Renew copolyester throughout its product portfolio. The first frames to make the switch will be those under the Foster Grant brand. Half of the ...
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News briefs
Menrad implements a B2B online platform
The eyewear manufacturer Menrad has opened its online service platform to all of its customers anywhere in the world. The platform enables opticians to purchase spare parts, frames or sunglasses; submit warranty claims (with the upload of up to five pictures); manage their account; view their order and invoice history ...
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News briefs
390 brands and 1,500 buyers active on ShopVISION
The Vision Council and RX, formerly known as Reed Exhibitions, have announced a series of figures in relation with the performance of ShopVISION, their global digital sourcing platform kicked off in June last year in collaboration with Balluun, a supplier of B to B marketplace digital solutions. According to the ...
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News briefs
Serengeti moves all its production to Italy
Serengeti, the high-end sunglasses’ brand of the Bollé group, has announced that it would move all its manufacturing base to Italy. While the company was already producing some of its collections in the country, it said it would transfer all of its lens and frame production to Italy from Spring ...
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News briefs
Shipping giant sees tight market conditions until Q4
The world’s largest container shipping company Maersk expects tight market conditions in maritime transport to continue until the fourth quarter of 2021. When commenting on its trading performance, the company said that “the continued strong performance is mainly driven by the continuation of the exceptional market situation with surging demand ...
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News briefs
Eastman to build world-scale polyester recycling plant
Eastman Chemical Company has announced that it will invest around $250 million over the next two years to build “one of the world’s largest plastic-to-plastic molecular recycling facilities.” The plant will be located at Eastman’s site in Kingsport, Tennessee, where the company is headquartered. Through methanolysis, this facility will convert ...
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ArticleEU, UK extend Brexit trade talks in effort to avoid a “no deal”
The United Kingdom and the European Union had decided to wait until Sunday, Dec. 13 to find a compromise on a trade agreement that would go into effect on Jan. 1. But, the European Commission’s president, Ursula von der Leyen, said the negotiators will now continue to work into this ...
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