Daily LInks
1. Can the Fashion Industry Kick Its Plastic Addiction? Each year, the industry uses 342 million barrels of petroleum to produce plastic-based fibers such as polyester, nylon or acrylic. – Read More on Wired
2. Salesforce Survey: 36% of Retail Employees Already Using Generative AI. The survey, of 1,390 retail decision-makers from Canada, the U.S., France, Germany, Italy, Spain, the UK and Australia, reported that 81% of respondents already have a dedicated AI budget, with an average of 50% assigned to generative AI. – Read More on Retail TouchPoints
3. Watered down in ‘horse trading,’ EU supply chain law approved by member states. Activist law group ClientEarth said the bill can potentially improve international business practices but the reduction in scope leaves much on the table. Only a third of the companies covered in the initial version will need to comply under the final version, the group said. – Read More on S&P Global
4. RELATED READ: A Snapshot of the Corporate Sustainability Due Diligence Directive. European Parliament announced that they reached “a provisional deal” on the Corporate Sustainability Due Diligence Directive, which aims to “enhance the protection of the environment and human rights in the EU and globally.” – Read More on TFL
5. Retailers are cutting SKUs to improve margin. During boom times, the philosophy of many brands has been to offer people the luxury of choice. But as inflation has driven up the cost of manufacturing, having a broad assortment can be a bad thing. – Read More on Modern Retail
6. EU AI Act: Tech experts say the world’s first AI law is “historic” but “bittersweet.” There are “significant loopholes for public authorities” and “relatively weak regulation of the largest foundation models that pose the greatest harm.” – Read More on EuroNews
