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Lenzing Names New CEO After 89% Earnings Jump in 2021

When it’s deliver-or-die, supply chains become the lifeblood of a company. To that end, the fashion industry has embraced technology to navigate today’s hyper-complicated supply chain, with myriad solutions shaping the first, middle and last mile. Call it Sourcing 2.0.

Lenzing’s revenue in 2021 grew 34.4 percent to 2.19 billion euros ($2.41 billion) on the strength of its specialty fibers. In a Nutshell: The Lenzing Group said thanks to its strategic focus on wood-based specialty fibers and the predominantly positive market environment, it recorded a significantly improved revenue and earnings performance in 2021 compared to…

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