Dear Sirs,
ACME – The Association of Cotton Merchants Europe as an association aimed at protecting the interests of the cotton sector, is in complete agreement with the statements already issued by ICA (International Cotton Association) and AFCOT (Ass. Francaise Cot.) sharing great concern over the extremely challenging consequences of current pandemic on our supply chain.
The informations received , referring to several cases of Retailers and Brand, members of the BCI, unilaterally suspending , freezing payments or worse, to cancelling orders with their suppliers, are going to have disruptive impact on our cotton community.
This unilateral approach is totally against our good business practices .
ACME sees with raising concern the abandonment of the ethical principles on which these highly reputed Retailers and Brands were committed!
We undertsand that no one within the cotton sector will be exempted by the demand disruption caused by COVID-19
We strongly believe that it is up to us, cotton associations and organizations, to ensure that our members meet the ethical requirements requested by the current situation.
Also, we would strongly support BCI’s initiative towards its members to remind them of its principles.
ACME is marking up the need for BCI to communicate to its members the measures planned in this direction to enphasize the importance of respect of trade rules governing our sector .
We encourage all involved in cotton supply chain to collaborate through this diffcult time!
Acme – the members