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Fashion brands paid Bangladesh factories less than cost – report

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Fashion brands paid Bangladesh factories less than cost - report
  • Major high street fashion brands have paid factories in Bangladesh less than the cost of producing their clothes, researchers claim.
  • A survey of 1,000 factories found many were paid the same prices as before the pandemic two years ago – despite soaring costs of materials.
  • One in five said they struggled to pay Bangladesh’s £2.30 a day minimum wage.
  • Aberdeen University’s Business School carried out the research alongside justice charity Transform Trade.
  • The report looked at the period from March 2020 to December 2021.
  • How can you reduce your fashion footprint?
  • Fast fashion must give ‘better deal’ for workers
  • It found 90% of larger high street brands buying from four or more factories were reported as engaging in unfair purchasing practices.
  • These practices included cancellations, failure to pay, delays in payment and discount demands, with knock-on effects including forced overtime and harassment.
  • Several retailers denied the claims made in the report.
  • Muhammad Azizul Islam, professor of sustainability accounting and transparency at Aberdeen University, led the project .
  • He said: “Two years on from the start of the pandemic, Bangladeshi garment workers were not being paid enough to live on, with one in five manufacturers struggling to pay minimum wage while many fashion brands which use Bangladeshi labour increased their profits.
  • “Inflation rates soaring around the world are likely to have exacerbated this even further.”He said larger brands buying from many factories were engaging in unfair purchasing practices more frequently than smaller brands, according to suppliers.
  • The garment industry accounts for 85% of Bangladesh export income, with more than 12 million Bangladeshis dependent on the sector.
  • The study also found that after the pandemic, factories only employed 75% of the workers they had before, suggesting that up to 900,000 could have lost their jobs.
  • Prof Islam has spent 17 years looking into the lives of workers in Bangladeshi fashion factories. He grew up in Dhaka city surrounded by them.
  • He hopes that policy makers in the UK will listen to his findings.
  • ‘Wake-up call’
  • Prof Islam added: “Retailers say in their reports that they have a commitment to the workers and they have made progress, but transparency is a big problem in the sector and it is difficult to establish if certain products are ethically produced.”
  • Fiona Gooch from Transform Trade called the research “a wake-up call”.
  • She told the BBC: “When retailers treat suppliers badly by breaching previously arranged terms, it’s workers who suffer.
  • “If a retailer fails to pay the agreed amount, or delays payments, the supplier has to cut costs some other way, and this is frequently passed on to their workers, who have the least power in the supply chain.
  • “We need a fashion watchdog to regulate UK garment retailers, along the same lines as the existing supermarket watchdog.”
  • A Fashion Supply Chain parliamentary bill was tabled with cross party support in July last year.
  • It proposed the establishment of a watchdog to oversee fair purchasing between UK clothing retailers and suppliers around the world.

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Fintech startup Earnix raises $75m, attains ‘unicorn’ status at valuation of $1b

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Fintech startup Earnix raises $75m, attains ‘unicorn’ status at valuation of $1b

Funds raised will help startup access new markets, finetune software that helps banks and insurers offer clients personalized pricing and products

Fintech startup Earnix raised $75 , a developer of artificial intelligence software that allows banks and insurers to personalize offerings to customers, said it has raised $75 million from investors, at a pre-money valuation of $1 billion. The fundraising makes the Givatayim, Israel-based startup a new Israeli “unicorn” — a company valued at $1 billion and over.

The investment round was led by Insight Partners, with existing investors JVP, Vintage Partners and Israel Growth Partners joining the round.

The new funding will fuel Earnix’s global expansion into new market segments and regions, increase investment in product innovation, increase the number of employees, and support merger and acquisition activities, to better meet “the needs of a rapidly changing market,” the company said in a statement on Sunday.

Earnix cloud-based platform combines AI with advanced analytics that does modeling and simulations, and enables banking and insurance clients to give highly personalized price and product offerings to their customers in real time. Both insurers and banks need to respond to consumers who require rates and products that are tailored to their needs in a smarter and faster way. To do this, banks and insurance firms need to automatically process huge amounts of data.

JVP’s Erel Margalit, right, and Earnix’s Udi Ziv (Shahar Azran and David Garb)

In 2020, Earnix was recognized by New York-based data firm CB Insights as the “Market Leader for Predictive Analytics for Property & Casualty Insurers” and has been named one of “11 Insurtechs to Watch in 2021” by P&C 360.

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The investment “will accelerate the reach and impact” of the company’s business, “assuring our ability to meet a broad range of industry needs, and to deliver the best personalized rates and products to every customer, every time,” said Udi Ziv, CEO at Earnix, in the statement.

The firm has offices in North America, Europe, Asia Pacific and Israel.

“Customers across insurance and banking have a strong mandate to adopt new technologies and related processes so as to remain competitive,” said Jonathan Rosenbaum, principal at Insight Partners, in the statement. The software as a service product offered by Earnix “is uniquely positioned to capture this demand to the benefit of their customers and the end consumers.”

Earnix, which seeks to transform the insurance and banking industries, provides “the muscles and the brains for insurance and banking, as they move to real-time quotes and personalized products,” said Erel Margalit, chairman of Earnix and founder and executive chairman of JVP.

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How Does Link Building Work?

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How Does Link Building Work?

If you have wondered how link building works, you are not alone. It is an essential and very effective way to increase your website’s and your business’s visibility. Many marketers consider it the key to their success. Nevertheless, there are several different techniques you can use to get links to your website. The key to getting links to your site is to have excellent content and to ask others to link to your pages. But before you start a link-building campaign, you should know that it is not just a matter of asking for links. Here are some tips to help you build connections:

Content is the key

To gain traffic and establish your brand, you must know what are link building services. The better your content is, the more people will find and share it. This will result in higher rankings for your site and better chances of getting quality links.

There are many different strategies for attracting traffic and linking to your site. Some are easy, and some require more work. However, keeping your content relevant to your business and your target audience is critical. By using a comprehensive content marketing strategy, you can quickly obtain backlinks.

Links can be added organically and are an excellent way to promote your site. One of the best ways to do this is by creating resource pages. When you create a resource page, you will have plenty of linking opportunities on one page.

Get links from sites related to your niche.

Getting links from sites related to your niche is essential to your site’s success. This will help you reach the top of the search results for your target keywords. Plus, you get the added benefit of gaining trust and visibility.

You can do this through guest posting. Guest posting allows you to connect with key figures in your industry. In exchange, you get a link to your website. The key to this method is to use the correct anchor text.

There are many different techniques you can use to acquire links. One of the simplest and most effective is guest posting. However, finding relevant groups in your industry can be challenging.

Optimize keywords on articles

If you’re looking to get the most bang for your buck in link building, you’ve got to be prepared to put some effort into the process. This includes finding and attracting link-worthy content and figuring out how to optimize it to boost your SEO score. In the process, you’ll have a shot at ranking higher in search engines such as Google and maybe even nabbing the coveted first-page slot for your website. But, of course, that’s only if you do your research and take the time to make good decisions in the first place.

Optimizing content for link building is challenging, but with the right tools and resources at your disposal, you can get your website to the top of the search engine rankings in no time.

Ask for links

When looking to improve your link profile, ask yourself, “How to ask for links?” This is an integral part of the search engine optimization process. Links play a significant role in search rankings, and establishing a high position is crucial to a website’s success.

There are several ways to build links. Social media networks are a great way to get your name out there. You can also make use of community outreach. These strategies may result in influential links.

If you need more time to do all the research on your own, you can hire a research team to do it for you. An expert can help you figure out how to create content that will inspire other web admins to link back.

Backlink audit tool

backlink audit thoroughly evaluates all the links pointing to your site. It can help you to identify imperfect or broken links, find new opportunities for high-quality links, and improve your overall link-building strategy.

There are a lot of tools to choose from when it comes to backlink auditing. Some of them are free, and others cost money. Which one is best for you depends on your needs.

If you are looking for an automated tool that is fast and reliable, you should check out Semrush’s free backlink checker. The device also includes a toxic score that can help you avoid penalties from Google.

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Importance of Rifles in Hunting

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Importance of Rifles in Hunting

There’s an incredible variety of rifles to choose from. The key to selecting the best is your personal preferences, the type of terrain you will be hunting in, and the budget. It’s also essential to consider safety issues associated with your weapon. An excellent way to ensure you have the safest rifle is to consider using a suppressor.

Pump action vs. lever action

Do you want to choose a pump action or lever action rifle? There are many different options, and selecting the correct one for your needs is essential. Depending on how you plan to use your tikka rifles United States, the decision can significantly affect your hunting experiences.

A pump action will allow you to insert a new cartridge without swapping your magazine. However, it could be stronger than a bolt action and needs to be more reliable.

If you’re looking for a gun for home defense, a lever action will suit you well. They’re easy to carry and quick to target. In addition, they’re perfect for short and medium ranges. They’re also effective when deer hunting.

Lever actions were first developed for the military during the Civil War. But, over time, they’ve become popular amongst hunters. As a result, many of today’s models are based on designs from the late 1800s.

Suppressors

Regarding rifles, it’s essential to know that suppressors can make a huge difference. Not only will they reduce recoil, but they will also help you shoot more accurately. They’ll also improve your situational awareness in the field.

If you’re new to hunting or want to take your skills to the next level, consider using a suppressor. This way, you can improve your shot placement and make it more comfortable to shoot.

Suppressors are also legal to use in most states. However, you’ll need to undergo a background check and complete some paperwork. And you’ll also have to pay a $200 tax for each suppressor.

But another benefit to hunting with a suppressor is that it will protect your hearing. Having good hearing is essential in the outdoors. But, unfortunately, a lot of hunters forego hearing protection because it’s uncomfortable.

70 to 80 percent of hunters do not use hearing protection at all. Instead, some hunters carry earplugs in their pockets, and some wear them around their necks.

Ammunition for rifles

It would be best to have the proper ammunition to ensure you hit your target when hunting. Your rifle needs to be loaded with the correct bullet for the kind of animal you are pursuing. Using the wrong ammunition can cause severe injury or even death. If you don’t know which type of cartridge to use, ask your gun store for advice.

There are two main types of hunting ammunition. They are dangerous games and miniature games. Each has different terminal ballistic performance criteria. These include weight retention, penetration, and reliability. Consider using lead-free bullets. In some areas, they are legal. Lead-free bullets are highly accurate. 

Most of the popular bullets feature a polymer tip. It helps to prevent the bullet from deforming during the firing process. As a result, lead-free bullets are highly accurate and very popular with hunters.

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