Business Of Fashion Sustainability Report

The fourth annual state of fashion report by the business of fashion and mckinsey company forecasts slowing growth for the second year in a row and underscores a prevailing mood of anxiety and concern amongst senior fashion executives.

Business of fashion sustainability report. The survey for this report was conducted online by yougov in june and july 2018. This is an impressive and encouraging development. It polled a total of 5 269 people receiving more than.

Our 2018 pulse of the fashion industry report found that 75 of fashion companies improved their score in 2017 compared to 2016 raising the pulse of the industry by six points. Clothing consumption and sustainability 5 1 introduction fashion sustainability fashion industry 1. Most of the leading players had already a couple of years ago pulled the levers that were technically possible and made financial sense says boger one of the report s authors.

Based on conservative projections fashion brands profitability levels are at risk by at least three percentage points if they don t act determinedly soon says javier seara the lead author of the boston consulting group and the global fashion agenda s sustainability focused report the pulse of the fashion industry certainly inaction on climate change could result in radical risk taking. We buy more clothes per person in the uk than any other country in europe 1 the fashion industry was worth 32 billion to the. Partner business reporting and sustainability.

But the sheer volume of the industry is dwarfing current sustainable initiatives. More labelling or other information about the sustainability of a fashion product which could encourage people to pay more attention. Sustainably produced and used fashion should be the key to unlocking this potential.

Because fashion is a global business with global supply chains industry players are anxious about the impact of tariffs and trade disputes. And in terms of digitisation and sustainability the fashion industry is still playing. Fashion is big business in the uk.

Progress made by fashion firms in adopting certain sustainability recommendations has slowed by a third in the past year according to the most recent pulse of the fashion industry report. With most executives across fashion and the wider business world bracing for a slowdown in growth in the global economy.