DAVOS, Switzerland — Despite the slowdown in the global economy, high crude oil prices are expected to persist this year, driven by supply shortfalls, brisk demand in dynamic Asian emerging nations and geopolitical concerns.
Top executives and experts said the continued high cost of oil is also expected to impact adversely on synthetic fibers, which are sensitive to the price of petroleum. Spiraling oil prices have also pushed freight rates sharply upward and have led many companies to revisit the proximity-to-market doctrine and where they source their supplies, including textile and apparel firms.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)