From the Sector

26 European business associations, representing a wide array of industries and businesses, express their full support for the swift ratification of the EU-Mercosur Partnership Agreement:

Together, the associations’ members cover a significant portion of the total trade in goods and services of over 153 billion euros in 2024 between the EU and the Mercosur region, as well as the approximately 380 billion euros of mutual investment in our two regions in 2023. In this unprecedented time when the rules-based global order is being critically undermined, this free trade agreement represents a beacon in the EU’s diversification strategy. It is therefore a critical element in ensuring the EU’s long-term competitiveness. 

By 2040, according to DG Trade’s calculations, the agreement is expected to add 77.6 billion euros to the EU GDP and 9.4 billion euros to the Mercosur GDP. At the same time, the agreement will result in a 39% increase in EU exports to Mercosur and a 17% increase in Mercosur exports to the EU. 

The EU-Mercosur is a modern agreement, driven by modern principles. It will deliver increased market access and improved access to resources, while preserving key sectors in European domestic markets, diversifying secure supply chains, and fostering investments for both sides. It will also help to deepen the cooperation on sustainable development, in areas such as fighting climate change, preserving biodiversity, and advancing labour and social rights. 

European businesses wholeheartedly support the EU-Mercosur Agreement and call on the Council and European Parliament to swiftly ratify the EU-Mercosur interim Trade Agreement (iTA) and the EU-Mercosur Partnership Agreement (EMPA). To this end, it is key to streamline the ratification process and to ensure timely completion and avoid procedural delays. This is a crucial opportunity for Europe which will support growth and prosperity for one-fifth of the global economy – benefiting about 750 million people. 

Kraig Biocraft Laboratories, Inc., a leader in spider silk technology*, announced the company has succeeded in significantly increasing the production throughput of its recombinant spider silk production platform.   
 
This increase is the successful result of the continuous work in the selective breeding of parental strains for its production hybrid silkworms, which is the basis of its recombinant spider silk production system. Kraig's first successful hybrid, designated the BAM-1, demonstrated hybrid vigor, which increased both cocoon shell weight (a critical measure of silk output) and robustness. That hybrid was created by mating two genetically divergent parental strains. The fielding of the BAM-1 was a major improvement in spider silk production technology. 
 
Over the past two years, the Kraig has been using selective breeding to create more advanced parental strains with the goal of increasing hybrid vigor to further increase shell weight. One of these new advanced strains was specifically designed as a replacement for one of the original BAM-1 parental strains. 
 
By mating the strongest of the BAM-1 parental strains with the new advanced strain, the company has demonstrated measurable hybrid vigor (as measured by cocoon shell weight) of 22%, an increase in hybrid vigor of more than 245% compared to the BAM-1. The new advanced hybrid has been designated as BAM-1 Alpha and will be the Company's production workhorse moving forward.
 
"Our small team of researchers continues to outperform our competitors in spider silk R&D and commercial development. The creation of our new BAM-1 Alpha hybrid is the product of our focused vision for large-scale commercialization of spider silk and the dedication of our geneticists to that vision," said Kim Thompson, Founder and CEO of Kraig Labs. "Frankly, the 250% increase in hybrid vigor over the original BAM-1 has significantly exceeded our expectations and design parameters. The BAM-1 Alpha is producing larger cocoons and more silk, resulting in increased throughput and lower production cost. Though we do not have hard data yet on increases in robustness other than cocoon size and shell weight, our expectation is that general robustness will follow this same pattern."
 
Kraig Labs utilizes its proprietary genetically enhanced silkworm technology platform to produce recombinant spider silk. These silkworms spin recombinant spider silk fibers naturally within their cocoons, combining the scalability of traditional sericulture with the superior performance of spider silk proteins.
 
With BAM-1 Alpha now moving into commercial deployment, Kraig Labs will leverage its multi-facility production infrastructure to integrate this enhanced production hybrid into ongoing manufacturing. This advancement supports the Company's vision of delivering high-performance spider silk fibers for applications spanning performance textiles, defense, medical, and industrial markets.

The landmark event, attended by 5,022 professionals, confirms the global shift from why to how, driving cross-sector collaboration across 120+ enterprises and 200+ case studies. GREENEXT Expo is an integrated platform dedicated to driving sustainability transformation. Through exhibitions, summits, and international exchange, the Expo fosters a collaborative innovation network connecting business leaders, policymakers, investors, innovators, and consumers to achieve triple wins across economic, environmental, and social dimensions.

The GREENEXT Expo 2025 successfully concluded on September 27 at the Shanghai Exhibition Center, solidifying its position as one of the most influential annual platforms for sustainability transformation in China and beyond. Positioned as China's leading greening initiative and accelerator platform, the two-day event focused on the core pillars of Sustainability Innovation × Cross-Sector Collaboration × Business, welcoming 5,022 attendees and bringing together over 120 leading global enterprises and organizations.

The Expo’s central theme was the execution of sustainable practice, moving decisively beyond abstract discourse.

Actionable Solutions Across Six Strategic Zones
GREENEXT 2025 presented over 200 scalable solutions across six dedicated thematic zones, emphasizing practical applications in key areas:

• Fashion Forward: Showcased circular economy models for textiles, featuring solutions from global brands like adidas and the Ellassay Group.
• Living Earth: Focused on the regenerative connection between nature and commerce, highlighting transparent "field to bottle" supply chains with exhibitors such as The Macallan.
• Green for Next: Addressed corporate resilience, covering ESG disclosure, carbon auditing, and low-carbon manufacturing with contributors like HKRI Taikoo Hui and Tencent CarbonXmade.

The event also sharpened its focus on four critical commercial scenarios: Urban Regeneration (ESG-driven circularity), Global Expansion (supply chain trust and compliance), Technological Innovation (youth and startup creativity), and embedding Public Good for long-term competitiveness.

Global Dialogue and the New Aesthetic of Value
The conference program served as a cornerstone, convening 183 global experts in 77 sessions. The international scope was amplified by remarks from diplomatic representatives of European nations, including Finland, Norway, Belgium, and Denmark, fostering essential Global Collaboration on regulatory and market challenges.

Key takeaways from the dialogue included the redefinition of premium commerce through sustainability:
“The Third Aesthetic of Commercial Spaces: Making Sustainability the New Luxury,”
— Ms. Ruifang Ding, Co-General Manager of HKRI Taikoo Hui

Commitment to Future Talent and Philanthropy
The Expo served as a launchpad for future-focused initiatives, including:

• The establishment of the Shanghai Population Welfare Foundation Sustainable Development Fund, promoting the integration of philanthropy and corporate social responsibility.
• The official release of the Youth Action Guide for Sustainable Development at the Innovation Hub, designed to mobilize the next generation of innovators.
• The recognition of industry leaders at the Global Sustainable Fashion Consumption Industry Pioneer Awards Ceremony.

Public engagement was driven by the "Sustainable Journey," an immersive route that featured interactive activities like the Climate Fresk workshop and the Recycled Plastic Workshop, ensuring that sustainability concepts were translated into tangible, hands-on experiences for consumers.

GREENEXT Expo 2025 successfully confirmed that the pursuit of sustainability is the essence of new productive forces, driving synergy between economic prosperity and ecological benefit. Preparations for GREENEXT Expo 2026 are already underway, promising to further expand its global reach and deepen its impact.

“We delivered another very strong quarter as our pivot to becoming a DTC-first, head-to-toe denim lifestyle retailer is driving a meaningful inflection in our financial performance,” said Michelle Gass, President and CEO of Levi Strauss & Co. “With strength across channels, segments and categories, we are raising our full-year outlook and are well-positioned for the holiday season. While the macro environment remains complex, the consistency of our performance and operational agility gives me confidence that we will deliver sustained, profitable growth into 2026 and beyond.” 

“Our Q3 results demonstrate the power of our strategic transformation, with strong financial performance exceeding expectations across all key metrics including sales, gross margin, adjusted EBIT margin and adjusted diluted EPS,” said Harmit Singh, Chief Financial and Growth Officer of Levi Strauss & Co. “With four consecutive quarters of high-single-digit growth and record gross margins driven by our focus on profitability across the organization, we are raising our full-year revenue and adjusted diluted EPS expectations. We have built strong momentum that positions us well to continue delivering strong shareholder value next year and in the years to come.”

Financial Highlights 

• Net Revenues of $1.5 billion were up 7% on a reported and organic basis versus Q3 2024:
• In the Americas, net revenues increased 6% on a reported basis and 7% on an organic basis. Within the Americas, the U.S. grew 3% on an organic basis. 
• In Europe, net revenues increased 5% on a reported basis and 3% on an organic basis. 
• In Asia, net revenues increased 12% on a reported basis and organic basis. 
• Beyond Yoga® net revenues increased 2% on a reported and organic basis. 
• DTC (Direct-to-Consumer) net revenues increased 11% on a reported basis and 9% on an organic basis. DTC growth on an organic basis reflected a 7% increase in the U.S., a 4% increase in Europe and a 14% increase in Asia. Net revenues from e-commerce grew 18% on a reported basis and 16% on an organic basis. DTC comprised 46% of total net revenues in the third quarter. 
• Wholesale net revenues increased 3% on a reported basis and 5% on an organic basis.