Waste Not: Taiwan Workshop Turns Trash into Sunglasses 

Arthur Huang, founder of Miniwiz, the company that runs Trash Kitchen, holds a pair of sunglasses made with plastic waste in Taipei, Taiwan, August 19, 2024. (Reuters)
Arthur Huang, founder of Miniwiz, the company that runs Trash Kitchen, holds a pair of sunglasses made with plastic waste in Taipei, Taiwan, August 19, 2024. (Reuters)
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Waste Not: Taiwan Workshop Turns Trash into Sunglasses 

Arthur Huang, founder of Miniwiz, the company that runs Trash Kitchen, holds a pair of sunglasses made with plastic waste in Taipei, Taiwan, August 19, 2024. (Reuters)
Arthur Huang, founder of Miniwiz, the company that runs Trash Kitchen, holds a pair of sunglasses made with plastic waste in Taipei, Taiwan, August 19, 2024. (Reuters)

Plastic bottle caps, food packaging, single-use utensils and scrapped toys are just some of the throw-away items that have been given a new life at a zero-waste workshop in Taipei.

Customers get hands-on experience in the recycling process, taking plastic waste brought from home, and melting and molding it into a pair of sunglasses within two hours.

"What we are trying to show in the Trash Kitchen is to let you see, feel, touch within minutes how this process can actually work without secondary pollution, and you can actually turn it into something of value directly in front of you," Arthur Huang, founder of Miniwiz, the company that runs the workshop, told Reuters.

The Taiwan company also produces tiles, bricks, hangers and other daily necessities from plastic and organic waste, using a "miniTrashpresso", a machine it developed in 2017, Huang said.

Kora Hsieh, editor-in-chief for fashion magazine Harper's Bazaar Taiwan, said the sunglasses project is a good initiative to promote sustainable fashion.

"I think environmental protection and fashion still have a long way to go. As for consumers, it is important for them to get first-hand experience, so a workshop like this is very helpful," she said.

Participants said the workshop inspired them to think twice about producing trash and pay more attention to reusable items.

"I have two children. I need to think about their future," said business owner Debbie Wu, 40.

"If you throw away trash without thinking, you kick the problem down the road. So if everyone can do their best, recycle and use less plastic, that will make a big difference," Wu said.

Taiwan produced a record 11.58 million metric tons of waste in 2023, including 6.27 million tons of recyclable trash, according to data from the Ministry of Environment.



Nike's New CEO Plans to Go Back to Basics in Brand Overhaul Effort

The Nike swoosh logo is seen outside the store on 5th Ave in New York, New York, US, March 19, 2019. (Reuters)
The Nike swoosh logo is seen outside the store on 5th Ave in New York, New York, US, March 19, 2019. (Reuters)
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Nike's New CEO Plans to Go Back to Basics in Brand Overhaul Effort

The Nike swoosh logo is seen outside the store on 5th Ave in New York, New York, US, March 19, 2019. (Reuters)
The Nike swoosh logo is seen outside the store on 5th Ave in New York, New York, US, March 19, 2019. (Reuters)

Nike's new CEO Elliott Hill warned of a long road to sales recovery for the sportswear giant, but the veteran executive's plan to turn the spotlight on sports like basketball and running, allayed some investor worries.

The company said on Thursday it was expecting third-quarter revenue to drop to low double digits after the embattled sportswear seller's quarterly results beat market estimates.

Hill, in his first public address as CEO on the post-earnings call, said Nike had "lost its obsession with sport" and vowed to put it back on track by refocusing on sport and selling more items at premium prices, Reuters reported.

"The recovery is going to be a multi-year process, but he(Hill) seems to be going back to the roots, back to Nike being Nike," said John Nagle, chief investment officer at Kavar Capital Partners, which owns Nike shares.

"(Hill plans to shift focus) away from some of the streetwear and fashion that had taken over the brand, the heavy discounting and the neglect of retailers. Just taking it back to what worked," Nagle said.

Hill, who was with Nike for more than three decades, returned as CEO in October to revive demand at the firm that has been struggling with strategy missteps that soured its relations with retailers such as Foot Locker.

Earlier this month, Foot Locker CEO Mary Dillon said Hill was "taking the right actions for the brand" and the retailer was "working closely" with Nike to emphasize newer sportswear styles, including Vomero and Air DT Max.

"(The retailers) they want us to get back to being Nike, and they want us to have the unrelenting flow of innovative products... and they want us to get back to delivering bold brand statements that help drive traffic," Hill said.

The company's market share dwindled as rival brands, including Roger Federer-backed On and Deckers' Hoka , lured consumers with fresher and more innovative styles.

Hill also highlighted that a lack of newness led Nike to become too promotional and said he plans to shift to selling more at full price on its website and app.

"With another half year of franchise management coupled with investment to reinvigorate the brand, we believe the next four quarters could be the worst of the margin erosion and earnings per share reductions," Barclays analyst Adrienne Yih said.

At least seven brokerages cut price targets on the stock with some analysts pointing to the lack of a clear timeline for Nike to return to growth.

Shares of Nike, which have lost about half of its value in the last three years, were down nearly about 2% in early trading on Friday.

Nike's forward price-to-earnings ratio for the next 12 months, a benchmark for valuing stocks, was 27.53, compared with 33.47 for Deckers and 32.32 for Adidas.

"A rudderless ship now has a rudder, and a sailor who knows how to drive it," said Eric Clark, portfolio manager at the Rational Dynamic Brands fund that owns Nike shares.