over 60 members with strict implementation of zero tolerance policies as we continue to achieve concrete outcomes on each of our four sustainability goalsrespect water reduce emissions think circular and build communitywe are wellpositioned to succeed as a company and a community for instance to drastically cut emissions we commissioned a solar energy unit at our sri lankan subsidiary norlanka this unit produces green energy that will power our activities and result in a net surplus of electricity we carry on with our social performance focusing our community interventions on education while others observed the positive engagement and influence future outlook globally both from a category and a channel viewpoint the pandemic has altered consumer choices these preferences were the top priority for retailers and brands beginning in the middle of 2021 the sector began to see a rebound as economies and trade activity picked up with the luxury and cheap divisions doing particularly well in more developed regions while there are headwinds that are impacting consumption patterns largely due to geopolitical factors the fashion industry has demonstrated its ability to quickly bounce back pds is positioned to seize the potential that the market offers today as a service provider to some of the top brands and retailers in the world we were able to provide our customers with the latest fashion trends in line with the expectations of their end consumers thanks to our decades long experience the pds platforms worldwide reach and business model which has sustainable fashion at its core in the future we will focus on extending our geographic reach expanding margins establishing new alliances with sourcing as a service and implementing digital technology to facilitate effective operations additionally we will keep exploring and evaluating future proof ideas in early stage companies through our pds venture portfolio this avenue allows us to actively provide innovative solutions that help us strengthen our position in the fashion value chain and enhance our commitment to sustainable fashion for each stakeholder and customer we will keep delivering more and doing better in the future our 25 billion sales target is only a preview of whats to come we are prepared for the next step thanks to our committed talent pool expanding scale internal knowledge reliable network and techdriven ecosystem wwwpdsltdcomdisclaimer content produced by pds ltd