The concept of sustainability has become more familiar in Hong Kong but the discussion of how organisations can become more sustainable in terms of economic, environmental and social performance is still at an early stage. In addition, there will often be graphs or charts included, helping break down the financials into easily readable information. {{ userNotificationState.getAlertCount('bell') }}. More inspiring contributions from Esquel Group! LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and to show you relevant ads (including professional and job ads) on and off LinkedIn. 2002 Research Report Measuring Sustainability: A Snapshot of a Hong Kong Company - the Esquel Group By 3 June 2002 The concept of sustainability has become more familiar in Hong Kong but the discussion of how organisations can become more sustainable in terms of economic, environmental and social performance is still at an early stage. 13,192 followers 1w Report this . [2] Esquel supplies textile to companies such as Li Ning, ANTA Sports, Fila, Giordano, Muji. Given Esquel's history, in which parts of the supply chain is the group's core where it has the deepest knowledge and expertise? Also part of Esquels vision going forward is that the amount of direct labour will be significantly reduced, replaced by a group of skilled technicians with better education, better ability to interact with machines, and a better understanding of quality. Michael Oppenheim, Collections & Reference Services, UCLA. The company also manufactures and retails mens and ladies dress shirts, sport shirts, and woven and knitted tops; accessories that includes buttons, labels, and handtags; and packaging materials such as plastic and paper bags, stickers, and carton boxes. Looking for a "Syndicated, Qualitative or Quantitative Market Research Solution? Delicious food from Seoul Bros as always Hong Kong-based textile and apparel giant Esquel Group has made it its mission to weave sustainability into its core values, and across a vertical supply chain that spans every step from cotton farming to retail. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Hong Kong's independent public policy think tank. Corporate websites Locations/Facilities: Contact details listing the key locations/facilities, subsidiaries of the company This simple annual report template includes instructional text to assist you in building a good report. 7. Gary White, Business Materials Selector, Penn State University, Our Market Research = Your Smart Decisions, Esquel Group of Companies is one of the worlds largest producers of cotton shirts. Esquel is also developing and nurturing two of its own retail brands of high quality shirts - PYE and DETERMINANT.. [3], Its head office is in Harbour Centre[zh] (), Wan Chai. digtiGaps 2018. See the answers, explore popular topics and discover unique insights from Esquel Group employees. Esquel Group's goal is to. This analysis will help you track important events of the company The layout design reflected a traditional folder with the right side as navigation tabs for each of their Sustainability Pillar. Esquel is a knowledge-based innovation company that continuously pushes for positive change in the textile and apparel business,. Up to 5 All our reports come with 10% customization at no extra cost Crocs, Inc. proudly reported record annual revenues of $3.6 billion, growing 54 percent over 2021. STANFORD CASE STUDY (ESQUEL GROUP) 1. Our report is a guide for you to get potential investments and acquisition targets. Notre histoire remonte 1949 et notre entreprise continue se dvelopper sur un socle de valeurs fortes. Many thanks to Lucy Cromwell and Jiwon Choi for kickstarting this fantastic opportunity and we look forward to making these reusable lunches more frequent! SDG 7: Ensure access to affordable, reliable, sustainable and modern energy for all. Finally, the visual style needed to be aesthetically uniform with the Esquel Group & Esquel Sustainability brand. This report will also present the historical, current and projected merger and acquisitions, financial analysis, deals and alliances, partnerships and investments of the company, news, competitors, and key executives profiles. The company also has its own retail brands PYE and Determinant. At this point surely the recruitment team need to be fired? This is the model were trying to aim for: were going to use less people, were going to use people who are better educated, were going to have zero discharge, and were going to use a lot of automation and data to try to create value., Apparel sourcing and textile industry news & analysis, Inflation hits Vietnams apparel, footwear sectors as China reopens, Two years post-military coup: Myanmar garment sector battles instability, poverty, Can the EU garment sector survive the energy crisis challenge, Kelheim Fibres, Recycling Atelier Augsburg team to drive green fibre development, AAFA, IAF sign MoU for industry collaboration, Texworld sourcing show heads to Los Angeles, ETI backs IndustriALL framework for responsible Myanmar exit, Higg Brand & Retail Module revamped to accelerate industry green transition, Modern Meadow, Singtex team on sustainably developed outdoor wear, Australian PE firm Anchorage Capital acquires David Jones from Woolworths, Global Fashion Group exits Russia following Lamoda sale, Leading digital transformation software providers for the apparel industry, Leading artificial intelligence (AI) companies for the apparel industry, Leading cloud computing companies for the apparel industry, second greenest textile supply chain in China, Delivery Innovation in Apparel - Thematic Research, Wearable Technology in Apparel - Thematic Research, Strategic Focus Report Communications & Collaboration, Strategic Focus Report: Communications & Collaboration, The Hong Kong Research Institute of Textiles and Apparel Limited, Inflation hits Vietnam's apparel, footwear sectors as China reopens, Top opportunities for manufacturers in the fashion industry today. Details: Hong Kong-based Changji Esquel Textile Co. Ltd, one of the companies placed on the U.S. entities list, is headquartered in Urumqi and is owned by Esquel Group. Fairmont PD999--113. Colleagues showed their talents through stunning performances. Boston Consulting Group estimates that more than $22 trillion worth of goods flow across the world every year, a figure expected to reach almost $35 trillion by the end of the decade. Annual Report View In PDF DIGITAL VERSION. Esquel Group's supply chain was first linked to Xinjiang in a May 2019 Wall Street Journal report. Congratulations Margie to you and your team on this well-deserved recognition. Mergers and Acquisition/Deals & Alliances/ Partnerships & Investment: Information on historical, current/projected merger and acquisitions, deals, partnerships, alliances and investments (business & personal). It provides us with an overall analysis of the market, key statistics, and overviews of the major players in the industry in an online service that is fast, easy to navigate, and reliable. In-depth analysis performed to produce this report will give you a clear and unbiased view of the companys strategy and growth prospects. - Assisted in determining 2017 Flight CO2 Emissions to be contributed to the Annual CSER Report - Energy tracking to Robert Redford Conservancy to achieve ILFI ZNE Certification - Project Coordination work for Google: Bay View . Annual report (Red and Black design) Use this annual report template to create a report for your business. I am very impressed, I have to say! Analyst research The company's operations are vertically integrated, from producing cotton, buttons, and packaging to design and manufacturing. When Esquel started tracking its energy and water consumption back in 2005, there was no industrial benchmark to follow, so it set out its own reference point based on the unit consumption it takes to produce one piece of garment. By way of explanation, he sets out some alarming numbers. Fond memories remain of my time in Hong Kong . 13Hong Kong, Hong Kong 999077 Hong Kong. You can update your choices at any time in your settings. 3,63 MB. Congratulations Margie & Teresa, Ron & Bryant! This process has been going on for over 1.5 years, and now is the time for all the other actors engaged to step up and make sure an agreement is negotiated with the FTZ-GSEU, says Ineke Zeldenrust, Clean Clothes Campaign International Coordinator. I think this is going to be the trend going forward: how to develop credible means of improving productivity rather than just looking at it as a cost. It will let you stay up to date on current happenings and major developments in order to capitalize on your competitors weaknesses TER, un acronyme d'actualit quand nos consciences nous appellent prserver la . At Esquel, we prioritize investment in the growth and well-being of our employees. Our annual dinner in Hong Kong was successfully held last Saturday. WASHINGTON July 6, 2021 Today, Esquel Group, the Hong Kong-based textile and apparel manufacturer, has filed a lawsuit in the United States District Court for the District of Columbia seeking relief from the economic and reputational harms caused by the placement of its subsidiary, Changji Esquel Textile Co. Ltd., on the U.S. Esquel Group is one of the few large textile manufacturing groups to do so. Looking at the ex-factory unit cost of a piece of apparel (across the entire supply chain, including spinning, weaving, knitting, dyeing), labour accounts for only 25%. Or do we have other ways of looking at the bigger picture? Tungasked. With manufacturing operations across five Asian countries, Esquel produces 100 million garments annually. We provide quality employment and improve the livelihood of the communities in which we operate. What are the stages of the supply chain (value system) in which Esuqel operates (see Exhibit 5) What are the top 1 or 2 competencies would you need in each to be successful? Offering the education necessary to elevate these skills is also something Esquel has taken on board. Over the past year and a half, international brands have been ending their business relationship with EsquelSri Lanka because of US trade sanctions against its parent company, the Esquel Group, for its links to forced labour in Xinjiang, China. 9.4.The inability of Jamaica to adequately control corruption as shown in Fig. Once purchased, digitGaps client support team will deliver the report in PDF format. If you think about a robotic arm as your hand, you also need a pair of eyes to try to assess the fabric position. It will enhance your understanding of internal and external factors which might impact your industry The data may be indicating institutional weaknesses in Jamaica as expressed by Duncan-Waite, and Woolcock has contributed to the political instability as seen in Fig. Even so, Ms. Tang stayed focused on her vision. Colleagues showed their talents through stunning performances. Entering a new mode of production was challenging, but I felt driven to excel in it, Ms. Tang said. Lorem ipsum dolor sit amet consectetur adipisicing elit. Defects dropped to almost zero while the compact U-shaped layout of the production line shortened the handling distance of a work piece from 240 meters to 5 meters, and overall production time was slashed from 6.4 days to 3.5 days. Stay tuned to hear more from us! digitGaps Custom Research solution is tailored and optimized in a unique way to meet our customers specific needs. Accounting Mini-series. #Esquel #makingadifference. But what we are trying to do is link the productivity improvement with the net take-home pay of our workers. Congratulations Tessie and Bryant! Its efforts have also paid off with the company this month being ranked as having the second greenest textile supply chain in China, behind LeviStrauss and the fourth greenest across all sectors. Its products include cotton, yarn, cotton yarn dyed woven fabric, and knit fabric such as piece dyed, yarn dyed, and heather. Jul 06, 2021, 12:00 ET. Please wait while the search results are loading Esquel Group of Companies is one of the worlds largest producers of cotton shirts. Esquel manufactures mor..See More, How to Use Plunkett Research Online-12 Minutes, By Using this Site You Agree to these Terms of Use. #reusablepackaging #sustainability #plasticwaste #food, Director (Legal Recruitment) at Okumura Partners Limited. Do you think this impacts the way the group is . Esquel Group ( Chinese: ) is a Hong Kong-based textile and apparel manufacturer. Also tapping into its future vision is research and development into automation, because now the development of technology has got to a point where its much cheaper to replace some of the manual work by automation and robots., On our factory floor you will see a lot of robotic arms in operation; you will see drones, automatic guided vehicles, and one worker simultaneously working on a few machines, easily improving the productivity of workers by two or three times.. Right from company SWOT analysis, financial insights to merger and acquisitions/deals details are available in our single report Over the years, Esquel has grown from a shirtmaker to a total solutions provider in textiles and apparel, a curator in industrial . Esquel offered its clients 1000 different fabrics annually The company made a substantial investment in innovations, to create new designs and fabric.