Dramatic price swings, global economic uncertainty, and changing international trade patterns have caused unprecedented volatility and disruptions across the global cotton value chain. The 2012 Cotton International Global Summit provided a unique forum for all sectors of the world cotton industry to come together and work in concert in response to these market dynamics.
Held April 25-27 at the Landmark Bangkok Hotel – in the heart of Southeast Asia, central to today’s global textile industry – the Summit’s theme, “Turning Volatility into Competitive Advantage,” challenged delegates to collaborate and identify new opportunities that will maintain the health and vitality of the global cotton industry.
Because face-to-face interaction is so critical to building bridges and finding solutions during times of rapid change, the Global Summit brought together merchants, mills, industry organizations and allied industries from around the world in a unique format that fostered interactivity and engagement among delegates.
Headlined by a keynote presentation from Bashir Ali Mohammad, President of the International Textile Manufacturers Federation and Chairman of Gul Ahmed Textiles in Pakistan, the Summit’s agenda featured 17 expert speakers from the global cotton and textile industries in four Plenary sessions which focused on:
- Risk Management Strategies
- Trends in the Major Markets
- The Future of Global Trade
- Emerging Markets and Key Regions for Growth
The plenary sessions were held in the mornings to start the day with active dialogue among the delegates, while the afternoons were left open so attendees could continue their discussions and schedule private business meetings to turn ideas into action, according to Mike McCue, Conference Chair for the Global Summit.
“To effectively seize the opportunities in the current market environment, all sectors must work cohesively – as the panel of experts representing the different sectors reinforced,” McCue said. “Never before has it been as critical for all in the value chain to be as tightly connected as it is today. Businesses can’t succeed by focusing solely on their own interests; they need to help their partners and customers find success as well, or the entire chain will break down.”