Sustainability and innovation are just two of the four major initatives Cotton Incorporated is focused on in the coming year. Cotton Inc. CEO J. Berrye Worsham made the announcement during the groups annual joint meeting with the Cotton Board on Wednesday (12/11/2013) in Savannah, GA.
In addition, CI will be working to lower the cost of cotton production and trying to make a “case for cotton”. Worsham outlined the initiatives while also admitting that they missed the mark on six major goals in the past year. “Unachieved goals” he said, include growing cotton’s market share, failing to secure a partner for the low gossypol program, finding a “cost-effective” solution for some chemistries, no revolutionary change to rising cost of producing cotton and consumers still not checking their fabric labels.
There are indications that the economy is improving both in the U.S. and globally as well Worsham announced. Though the IMF shows growth of only 3% for 2012 & 2013, cotton use is still lagging behind the peaks of 2006 & 2007. He also mentioned that the industry appears to be on a trajectory to recover lost demand soon.
Here are the audio presentations from the General Session and interviews from the event with All Ag, All Day!
Jay Hardwick, Chairman of Cotton Inc. (Part I)
Gary Ross, Chairman of Cotton Board
Jay Hardwick, Chairman of Cotton Inc. (Part II)
J. Berrye Worsham, CEO of Cotton Inc.
Glenn Sciachitano, Cotton Inc.
Jay Hardwick, Chairman of Cotton Inc. (Part III)
Interview with Dr. Kater Hake, VP of Agricultural Research at Cotton Inc.
Interview with Dr. Ed Barnes, Sr. Director of Agricultural Research at Cotton Inc.
Interview with Dr. Bob Nichols, Sr. Director of Agricultual Research at Cotton Inc.