Company Name: HempCycle
Mission
Statement: Our goal is to create affordable, diverse, and sustainable clothing
made from fibers of the hemp plant. We value creativity, integrity, and
honesty.
My
company, HempCycle LLC, is competing
in the clothing industry. I started off as an entrepreneur, and we at HempCycle aim to raise awareness of
clothing alternatives to wasteful cotton, such has hemp. The hemp plant uses
much less water than cotton, hemp grows more quickly, and it requires little
maintenance. Our innovative clothing
is sturdy, and they last longer than traditional clothing. Hemp clothing is
also water and mildew resistant, but no need to worry about not being able to
clean our products! They can be thrown into the washing machine as normal.
Globally,
the hemp plant has been used by many different cultures for centuries. Not to
be confused with the marijuana plant, hemp, while still part of the cannabis
family, is a different breed that is cultivated differently and has over 25,000
different applications, including clothing, oils, construction, and
biodegradable plastics. (Ministry).
We
are competing with local cotton and synthetic clothing companies. Some economic
forces that effect our industry is the cost, accessibility, and preconceptions (and
subsequent demand) about the hemp plant. Negative preconceptions that hemp is
the same as the marijuana plant can hurt sales, but more and more people are
coming out of this mindset and are recognizing hemp as a sustainable
alternative.
According
to ONet, there were 31,000 textile workers in 2016, and there are 2,600
projected openings from 2016-2026. These include workers who use hemp fibers. There
are slowly projected increased openings for fashion designers as well, with
2,300 projected openings. Since hemp clothing demand is on the rise, this can
be a successful career choice. Creativity in design and marketing will progress
this industry.
References:
Ministry of Hemp. (n.d.). Hemp vs. marijuana. Ministry of Hemp. Retrieved April 14,
2018, from https://ministryofhemp.com/hemp/not-marijuana/
Hemp apparel. Ministry of
Hemp. Retrieved April 14, 2018, from https://ministryofhemp.com/made-from-hemp/apparel/
National Center for O*NET Development. Fashion designers.
27-1022.00. Retrieved April 14, 2018, from https://www.onetonline.org/link/summary/27-1022.00
National Center for O*NET Development. Textile winding,
twisting, and drawing out machine setters, operators, and tenders. 51-6064.00.
Retrieved April 14, 2018, from
https://www.onetonline.org/link/summary/51-6064.00
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