World

Amidst the Fear of Coronavirus, Merchants are Playing Dirty; Products Over Priced, Dubious Medical Claims

Published

5 years ago

March 6, 2020

As coronavirus has hit the world, the demand for the prevention products have risen. Many stores are running sold out boards outside their gates. Now shoppers are looking towards online retailers to order face masks, hand sanitizer, hazmat suits and other items to protect against the coronavirus.

Various e-commerce sites like Amazon and eBay are now offering these products that are otherwise sold out at traditional retailer. The surge in demand has created an opening for third-party sellers. As per the reports from oato.nl, some are giving offers on the products but some are using it to grow their businesses. Many companies are now benefitting as the fear of this virus is rising.

Merchants have flooded the online marketplaces with overpriced goods and items. Not only this but these same merchants are making dubious medical marketing claims. CNBC has reported that they have found needful products during this time of crisis like face masks being sold with markups as high as 582%.

Some online retailers are making misleading claims about the coronavirus or overcharging for products that have spiked in demand. Last week, Amazon stated that it removed more than 1 million products for violating its policies related to price gouging and coronavirus claims. Still many listings are showing up across various online shopping sites.

As coronavirus and its fear and panic surrounding it continues to spread like wild fire there are many stores stocking up the products both in the stores and online. As of Friday (at the time of writing this article), there are 100,243 confirmed cases of the virus around the world. Out of which at least 3,408 are reported dead. In the U.S. there are 233 total confirmed or presumptive positive cases and 14 people have succumbed to coronavirus.

World

Turkish Textile Giant Sun Textile Solution Proposal for Drought

Published

7 hours ago

February 4, 2025

Jenny Jackson

While the World Health Organization (WHO) and the United Nations (UN) are seeking solutions to combat drought through various projects, Ekoten Textile, a subsidiary of Turkey’s textile giant Sun Textile, has developed a groundbreaking project in collaboration with a technology startup to minimize the intensive water consumption in the textile industry. This pioneering project, the first of its kind globally, will enable the recycling and reuse of up to 90% of the water used in textile production.

Drought is one of the most pressing issues facing the world today. According to WHO data, 40% of the global population is struggling with water scarcity. By 2030, up to 700 million people could be forced to migrate due to drought. The unconscious use of water in global production processes plays a significant role in the rapid depletion of clean water resources.

The textile industry is one of the sectors with the highest water consumption. In Turkey, while the food industry consumes 22% of the water used for industrial purposes, the textile sector follows closely with 18%. For instance, producing an average of 40 tons of products daily requires 2,500 tons of water, equivalent to the daily water consumption of approximately 10,000 people.

CLEAN WATER RESOURCES FOR HUNDREDS OF THOUSANDS OF PEOPLE EVERY DAY!

In textile production, where clean water resources are heavily consumed, the innovative success of the Turkish company stands out as a global best practice. This initiative will shape the future of the industry. The wastewater recycling project, developed through intensive R&D efforts, will ensure that over 90% of the required water is sourced from recycled supplies.

The reuse of wastewater in production will transform the fate of countries operating in the textile sector. By preventing the use of clean water resources for textile production, this project will free up clean water sources that can meet the daily needs of hundreds of thousands of people.

R&D ACTIVITIES IN 38 COUNTRIES WITH 380 PARTNERS!

Sun Textile places great emphasis on R&D activities, conducting research and development efforts with 380 partners across 38 countries. Sun Textile and its subsidiary Ekoten Textile export nearly 90% of their production, solidifying their identity as a leading exporter. The company ships products to numerous destinations worldwide, including European countries, the UK, and the US. Sun Textile, the leading ready-to-wear exporter in the Aegean Region, achieved a consolidated turnover of 250 million euros in the third quarter of 2024, continuing its active growth trajectory.

OFFERING CUSTOM DESIGNS TO CUSTOMERS

Sun Textile provides its own designed collections to leading brands in Europe and the UK. Ekoten Textile, its subsidiary, is among the most respected knitted fabric manufacturers in Turkey and Europe.

With a dedicated sales team for each major customer group and five design offices in three different countries, Sun Textile creates designs tailored to its customers’ needs. Its largest clients include the Inditex Group, H&M, Jimmy Key, Tesco, Kiabi, Marks & Spencer, and Next.

Sun Textile also extends its sustainability approach to social responsibility, notably for its high ratio of female employees. The company, which went public in 2022, is also listed in dividend indexes.