Techtextil And Texprocess Held Concurrently To Explore The Prospects Of Digitalization in The Textile Industry

Currently, many companies have not yet achieved the digital transformation of their business processes. According to a study released by the German Economic Research Institute in 2022, only 31% of German companies can effectively utilize data. However, the EU's "Sustainable and Circular Textiles Strategy" and the digital product passport mandate have placed corresponding requirements on companies' digital infrastructure construction. Meanwhile, digitalization also helps to meet the sustainable development needs of customers and partners, such as improving supply chain transparency and resource calculation. Digital technologies can help companies maintain competitiveness, achieve flexible and efficient production, and provide solutions to the many challenges facing the industry.
As leading global trade fairs, the Frankfurt International Trade Fair for Technical Textiles and Nonwovens (Techtextil) and the Frankfurt International Trade Fair for Processing Textile and Flexible Materials (Texprocess) are helping companies move towards a digital future. This year's event will be held from April 23 to 26, 2024, and is expected to attract over 1,600 exhibitors from more than 50 countries and regions, showcasing the latest products and technologies. Attendees will be able to find suitable partners and digital solutions at the event. A rich program of concurrent events will also be held, providing an ideal platform for industry insiders and experts to exchange ideas.
Olaf Schmidt, Vice President of Textiles & Textile Technologies at Messe Frankfurt, stated, "Global dialogue helps to unleash the immense innovative potential of the textile industry in the field of digitalization. Participants from the global textile industry gather here, and through discussion and exchange, they generate various innovative ideas and solutions to plan the future development of their companies."

Digitalization helps companies address the current challenges facing the industry and maintain competitiveness. Companies can use digitalization to solve a series of problems such as raw material and labor shortages, rising energy costs, and increased sustainability requirements, and conduct production in a more efficient, rapid, flexible, transparent, and cost-effective manner.