The material of Fashion - the fmm showcase
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
Contents Executive summary 1/2 Intoduction 3/4 Research 5/6 Production 7/13 Legislation 14 Consumer 15/17 Retail 18 COVID-19 and the industry 19/21 Conclusion 22 Bibliography 23/27
Executive Summary “The fashion supply chain, in all its discombobulated This report provides an analysis of the current speed of development when it comes to sustainable clothing production and demonstrates risks and opportunities in the field as well as determining whether or not is it beneficial to mass-produce sustainable glory, is a problem in materials. Methods of analysis include research methodology including a mix between quantitative itself,” and qualitative research methods, a systematic review of various literature and image sources, in-depth look at trends that are shaping a shift in the fashion industry and primary research. Recommendations are: Orsola de Castro, co-founder of the Focus on circular economy and retail spaces that challenge and attract consumer transparency index Fashion while integrating and showcasing the sustainable fashion initiative. Revolution. Strive towards legislation that determines a global standard of manufacturing. Find a way to appeal to both millennial and Gen Z consumers “It is as inefficient as it is The innovation and sustainability initiatives are promising, however, due to the devastating global impact of COVID-19, the lack of focus on marketing and opaque. It is designed to hide rather than proclaim.” development process, consumer uncertainty, financial struggles and lack of competitive advantage compared to established market players the industry is not ready to mass- produce sustainable materials. 1/2
Introduction The fashion industry is known to be one of the most wasteful industries in the world. Every year the fashion industry uses 93 billion cubic meters of water – enough to meet the consumption needs of five million people, while its greenhouse gas emissions will increase by more than 50% by 2030 (World Bank, 2019). The millennial consumers are becoming increasingly aware of the environmental and ethical impacts of garment production and expect more from transparency and communication regarding the production process (Brown, 2020). A new wave of fabric innovation is attempting to avoid the faith of their predecessors as fashion brands are exploring alternatives to today’s standard materials, with key players focused on more sustainable substitutes that include recently rediscovered and re-engineered old favourites as well as high-tech materials that deliver on aesthetics and function (McKinsey, 2020). With brands now hyper-aware of the impact a lack of sustainable practice could have and, in turn, their customers starting to vote with their wallets, a number are going to new lengths to generate sustainable strategies that – while potentially putting their immediate profits at risk – but could prove an invaluable move for the future. Despite all the efforts to produce more eco-friendly materials, the manufacturers are still developing a product that is considered a niche. However is it possible to grow the manufacturing and production of innovative materials to catch up with the scale of fast fashion and is it beneficial to mass-produce sustainable materials? 3/4
Research Mixed-methods research design (quantitative and qualitative) was Techniques of analysis Univariate analysis – involves one variable only. It is used to describe the sample on key variables or to answer research questions that involve one variable. This method Mixed-methods research design (quantitative and qualitative) was includes percentages and measures of a certain tendency. It is beneficial to group data chosen for this project. The quantitative research method will enable into specific categories based on research questions. the collection of data that demonstrates the market size, profit, Multivariable analysis – assesses the relationships among three or more variables economic change and cost of innovation that will be crucial in simultaneously. supporting the brand’s innovation strategy. Qualitative research will provide insight into consumer behaviour and reaction to brands Research question – is it beneficial to mass-produce innovative materials? innovation. Alternative questions: The main objective of data analysis is to obtain the results that test the Can the [fashion] industry create an entire infrastructure for government collection study research questions or hypothesis as accurately as possible. and recycling? How can manufacturing developments be implemented easier than they are now? The stages of data analysis: Data management prior to data entry How can these innovations age gracefully in the digital age? Initial data analysis to check the suitability of data before entry After developing the initial research question the task is to find out what the literature The data analysis to test research questions/hypothesis indicates on the first formulation. It is crucial to find recently published literature (everything published in the last 5 years is considered recent). Major pieces of literature (books, papers, journal articles) provide a point of view from where to approach in order to answer the research question. (Tharenou, Cooper and Donohue, 2007)
Major issues facing the industry: Data sampling is also important in order to select and Challenge for the company (especially fast fashion - trend-chasing understand the conceptual frameworks that are used in the research areas. business model) - trendy sustainable clothes make no sense, It is important to sample date that supports the objective and offers an in- however, consumers do not want to look like they are wearing ‘a debt look explanation of a selected topic. The data collected from useful uniform’ instead of an outfit literature will be sampled in order to underpin the arguments that involve the selected strategic issue, brand and its market position and innovation Is localising the supply chain and distribution benefit the industry - strategy. there is a reason why it was globalized in the first place Data sampling will be used in the questionnaire for a broad Majority of the production is small/ luxury price point - is it population – university students to determine what the average consumer appealing to the consumer? (one of the unique points of (not necessarily interested in fashion) thinks about the new differentiation luxury brands have in the digital age with the unconventional fabric innovation. Data collection will be used to consumers is craftsmanship so keeping innovation and sustainable determine average consumer views on supply chain transparency and the materials would be beneficial) importance of innovation. The questionnaire offers a unique and true consumer perspective on the expectation for innovation and the Lack of funding to expand/ difficult to implement change in the importance of materials and what is their priority when making purchase manufacturing process that produces large quantities - a lot of decisions. suppliers/distributors are set in their ways On the contrary, the questionnaire cannot provide an in-depth Is trying to implement a new infrastructure that accounts for universal response to this topic as it is a limited age group with varying products life cycle and implements change in the manufacturing and purchasing power and knowledge of the issues of the fashion industry distribution on a large scale to produce a more sustainable product (different income, level of knowledge, different priorities, same age worth it - the majority of consumers lack knowledge on materials group). (polyester, PVC, recycled cotton are still considered sustainable by the average consumer) due to the marketing push for these materials in the last decade - is it worth for companies to implement massive changes that cost money and risk a stagnant consumer response 6
Production Innovation is synonymous with change. The fashion industry is associated with being slow when it comes to innovations such as AI and automatization, however, even though the clothing manufacturing process has remained almost intact since the bronze age, there has been a significant change in what is considered sustainable. A decade ago revolutionary materials were considered leather alternatives that were produced using recycled plastic and now these alternatives are being criticized for not making enough impact when promising sustainability and in recent years has been reduced to a marketing tactic and is often mentioned as the first example of the term ‘greenwashing‘. It has also been proved that using recycled plastic, for example, bottles do not truly help in reducing waste as the original material was food grade and turning away from its original use is not Bolt Threads 5c‘s framework beneficial as it requires more energy to transform than it saves by being reused (Wicker, 2020). 7
Life Cycle Assesment It is difficult to accurately determine the products life cycle as there are so many variables involved when it comes to the fashion industry. Life Cycle Management (LCM) makes LCT “operational for businesses through continuous improvements of product systems” (Remmen et al., 2007, p. 5). LCM is defined as “an integrated framework of concepts, techniques and procedures to address environmental, economic, technological and social aspects of products and organisations to achieve continuous environmental improvement from a life-cycle perspective” (Mastoris, 2020). ’Despite its relevance to the scientific field, the influence and application of LCA for business decision-making are still limited (Choi et al., 2008). This aspect is reflected in a predominance of model and tool development, and a lack of focus on the use of LCA method in everyday management practice (Frankl and Rubik, 2000). It could partially be due to the traditional focus of LCA on environmental impacts and effects only (Reap et al., 2008), that does not take into consideration the important relationships and potential trade-offs between the environmental and economic performance (Norris, 2001, De Benedetto and Klemeš, 2009). The consequences of not integrating environmental and economic assessments can be missed opportunities or limited influence of LCA for LCA decision-making, especially in the private sector (Shapiro, 2001)’ (Frankl and Rubik, 2000). 8
There is very wide variability of impacts associated with MMCF sourcing, resulting not only from differences in material feedstocks, but also the region where the fibre inputs originate, the land use management practices involved in raw material feedstock extraction, the location of the supply chain operations and the type of mill technology being used. This LCA makes it clear that it is critical to understand not just the type of material used in MMCF production, but also the source of the material. It can be concluded that the choice of the MMCF raw material input is a critical one with overarching effects on life cycle analysis of impacts. There is no source of MMCF which is unambiguously environmentally preferable across all impact categories (SCS Global, 2020). Despite the difficult process of determining products life cycle, the strides have been made to measure what environmental impact materials, who‘s design purpose is to be sustainable, has and it is worth producing. These are examples of life cycle assessments for the biggest players in sustainable material production: 9
Mylo™ Mylo™ is a leather-like material made from mycelium, the underground root structure of mushrooms. The textile fibre company Bolt Threads developed Mylo™ in partnership with Ecovative, who pioneered mycelium fabrication technology to create soft, flexible foams (as a more sustainable alternative to Styrofoam packaging, for example). Mycelium is the underground root structure of mushrooms. It grows as tiny threads that form vast networks under the forest floor. To produce Mylo™, optimal growing conditions are created for mycelium cells to self-assemble into a supple, sustainable material that looks and feels remarkably like animal leather (CFDA, 2020). Benefits of Mylo™ include: Mylo has a soft, supple, warm feel. It’s strong and abrasion-resistant. Mylo is remarkably leather-like, but no animals are used in making it. Mylo grows in a matter of weeks, compared to animal hides which take years to grow. Because Bolt Threads carefully controls its environment, they can direct the mycelium’s growth and control the final material’s properties including thickness, shape, and more. Compared to synthetic leathers which are made from polyurethane, Mylo feels natural and has better moisture management properties. Mylo has the potential to be significantly more sustainable than leather and other leather substitutes (CFDA, 2020). 10
The term leather is reserved for animal hides, and animal hides are made of collagen. Mylo™ How It's Made is made from 100% mycelium, and there is no collagen in Mylo™. The process begins with mycelium cells. The cells are grown in beds of corn stalks with additional nutrients to feed and grow their mycelium. The mycelium is not genetically engineered, wild spores’ require specific growth conditions Mylo™ is currently still in the R&D phase. A full lifecycle analysis will be conducted prior to to engineer the final material’s properties. large scale commercial rollout. So far Mylo™ has only been sold as a limited edition bag and made into a one-off Mylo™ Falabella Prototype One in collaboration with Stella McCartney Growth conditions like temperature and humidity are precisely controlled to encourage the mycelium to grow upward and self-assemble into an organized mat of interconnected cells. Billions of cells grow and form an interconnected 3D for the Victoria and Albert Museum. network; their connections give the material strength. Unlike making leather, the process of making Mylo™ doesn’t involve raising and sacrificing The material is compressed to make a 2-D material as thin or thick as the desired final material. At this point, the mycelium is no longer growing. It then goes through a natural tanning process and can be dyed. livestock, or any of the associated greenhouse gases or material wastes. Those impacts are substantial, according to Bolt Threads livestock use an astonishing 30% of the earth’s entire The final step is to imprint any desired pattern (CFDA, 2020). land surface and cattle-rearing generates more global warming greenhouse gases, as measured in carbon dioxide equivalent than all transportation methods. Mylo is also a more sustainable option than synthetic leathers, most of which are made from polyurethane or PVC, This so-called ‘pleather’ is manufactured using numerous toxic chemicals. While not proven to be dangerous to humans during use, these toxic chemistries persist in the landfills and groundwater where they end up. Because Mylo™ is made from organic matter, it is completely biodegradable and non-toxic (CFDA, 2020). Bolt Threads, 2020 11
Microsilk™ How It's Made Microsilk™ is a silk-like biosynthetic fibre made by the company Bolt Threads. Microsilk™ is made Tucker Bowe articulated the process perfectly in an article he wrote for Gear Patrol: through a process of fermenting water, yeast and sugar with spider DNA. “Making synthetic spider silk involves several simple ingredients and very meticulous science. Sugar, Bolt Threads began by studying silk proteins spun by spiders to determine what gives them their incredible water, and yeast cells infused with spider DNA are combined and left to ferment in large stainless- properties - including high tensile strength, elasticity, durability and softness. They then developed steel tanks. The mixture is then centrifuged, purified into a powder and mixed with a solvent. The technology to replicate that process sustainably at large scale. resulting liquid silk protein, which looks like glue, is in the same natural state as the liquid protein that Microsilk™ is currently still in the R&D phase. Once the production processes are finalized, they will actual spiders extrude from their silk glands and then form into the fibre.” embark on life cycle analysis to determine the environmental impacts of our material, and utilizing the industry-standard Higg Materials Sustainability Index, will be able to compare the results to dozens of other This liquid silk protein is then extracted through spinnerets and spun into fibres the same way fibres natural and synthetic materials. So far Microsilk™ fibres have only been used in prototype fashion like acrylic and rayon are made. products, including a limited-edition collection of knit ties, collaboration with Stella McCartney – a dress for the Museum of Modern Art, and a limited edition beanie collection made of Microsilk™ blended with No spiders are used at all in the process. Bolt Threads originally studied real spiders’ silk, to Rambouillet wool. understand the relationship between the spiders’ DNA and the characteristics of the fibres they make. Today’s technology allows them to make those proteins without using spiders (Bolt Threads, 2020). Benefits may include: Warmer than wool Microsilk® fibres do not contain any GMOs (genetically modified organisms). The production process does utilize genetically modified yeast. After fermentation is complete, the silk protein is separated Lightweight from the yeast, and then the remaining yeast cells are destroyed by heat. There are no GMOs present in the final material. As they point out, this is the same technology that has been used for decades to Stronger than silk safely produce cheese, along with insulin and many vaccines. The sugar that Bolt Threads use in the fermentation process comes from genetically modified corn. At this time, all large fermentation Considered a renewable resource, the main input in the fibre-making process is sugar from plants that are grown, harvested and replanted (CFDA, 2020). facilities in the US use sugar from GMO corn because of the abundant supply. It is widely believed that large-scale fermentation will be possible with non-food crops known as cellulosic feedstock in the future. Bolt Threads claims commitment to being part of developing the solutions that will enable that future to be realized. (CFDA, 2020). 12
Mango Materials™ Startup Company Mango Materials™ produces a naturally occurring biopolymer in Mangoes are not used directly in the Mango Materials™ process; instead, they utilize the form of powder or pellets using waste methane from a wastewater treatment plant waste methane gas that is often flared or simply released (vented) to the atmosphere. or landfill. Once that plastic good is finished with its use, it can be sent to a Mango Materials™ uses waste methane gas that is produced from anaerobic digestion wastewater treatment plant or landfill to be degraded and turned back into methane. (without oxygen) of waste at wastewater treatment plants or waste methane gas that is produced from waste decomposition at landfills, agricultural facilities, or other At their pilot facility located at a wastewater treatment plant in Redwood City, industries. California, Mango Materials™ uses waste methane to feed bacteria that can produce fully biodegradable bio-polyester fibres. When the bacteria consume methane, they Compared to many other producers of PHB, Mango Materials™ uses a waste produce PHAs, a kind of plastic that can then be spun into thread. feedstock (waste methane gas) and does not use genetically modified feedstock or organisms. Mango Materials uses a novel, environmentally friendly manufacturing “When it wafts from landfills or dairy farms, waste methane–a greenhouse gas 30 process which results in PHB that is significantly more affordable than PHB produced times more potent than CO2–is usually seen as a problem. A startup called Mango by competitors. Additionally, Mango Materials™ can produce other types of PHB Materials sees it as a something that can be used to make your next T-shirt or carpet related products other than pure PHB. for your house–and then recycled in a closed-loop.” (Fast Company, 2020) Our naturally occurring biopolymer is biodegradable in both industrial and natural Mango Materials™ currently produces PHB (poly-hydroxybutyrate) which is a environments (Mango Materials, 2020). biopolymer that has properties similar to polypropylene. PHB can be made into a variety of products, including electronic casings, children’s toys, shampoo bottles, and The rate of degradation depends on the environment and the thickness of the material. packaging, just to name a few (CFDA, 2020). The Mango Materials™ product can break down in aerobic and anaerobic conditions and is expected to pass all relevant ASTM and other bio-related certification tests The San Francisco Bay Area company is comprised of a first-class team of engineers, (CFDA, 2020). scientists, entrepreneurs and innovators. Mango Materials™ was incorporated in 2010 and received its first round of funding in late 2011. (CFDA, 2020). 13
Legislation The biggest obstacle when it comes to implementing tangible change is a lack of legislation to regulate industry practices. As of now, a majority of sustainable efforts are more marketing then solution-driven and are often called ’greenwashing’. A great example of how legislation can bring positive change is in the auto industry. After the severely negative impact towards the environment of this industry was universally recognized, strict standardization was introduced and the improvements are immense. The sustainable products policy will support circular design based on a common set of methods and principles, said the EU. Waste will be prevented by reducing and reusing materials with companies being encouraged to offer reusable, durable and repairable products. New business models based on renting and sharing goods and services may also help to reduce waste “as long they’re truly sustainable and affordable” (Zha, 2019). While enacting sustainable practices can initially require additional investment and capital expenditure, there is plenty of evidence that the long term benefits more than makeup for it – particularly given the modern awareness and preference for sustainable brands among consumers. One of the smartest sustainability investments a business can make is in its customers. ‘Necessarily, sustainability legislation must constrain certain operations of the business, whether by setting limits on the amount of carbon produced by industry, or through labour legislation intended to reduce inequality, or through any number of other legislative efforts to promote development goals. However, this does not mean that business is disadvantaged through their existence – indeed, it is entirely possible for forward-thinking organisations to gain a competitive edge through the sincere application of their sustainability measures, above and beyond that of governments’ (Get Smarter, 2020). In addition to updating regulation, some governments are playing a direct role in encouraging and funding research. The EU is set to offer €21 million ($23.5 million) of funding to support sustainable bio-based textiles and circular business models. The US Department of Defence-backed Fibres and Textiles Manufacturing Innovation Institute is researching new technologies to impregnate fibres and yarns with integrated circuits, LEDs, solar cells and other capabilities (European Environment Agency, 2020). Clear regulations would allow the fashion industry to reduce waste and push consumers to adapt to more eco-conscious decision making. 14
Consumer Another difficulty is the conflicting consumer mindset. The conducted research focused on students ages 18-21 their view on sustainable clothing and what affects their purchasing decisions. Sixty per cent of participants have expressed interest in sustainable clothing and practises [Figure 1], however only twenty per cent were interested in paying more for innovative or desired materials [Figure 2]. This paradox represents a conflicting consumer mindset as they crave a sense of community and expect companies to represent their values yet simultaneously strive towards personalization and lack willingness to change their habits or spend more than they want. ‘Janssen and Vanhamme (2015) suggest that consumer knowledge of CSR initiatives contributes to ethical purchases; however, there is evidence which suggests that stakeholders, such as consumers, are largely unaware of CSR issues; low consumer awareness would have a negative influence for companies to reap the benefits of their CSR efforts (Sen et al., 2006). Connell (2010) shows that a lack of knowledge about environmentally preferable apparel is one of the barriers for eco- conscious apparel consumption.‘ (Yu, Cao and Tan, 2019). Figures 1&2. Primary research 15
Despite these developments in the manufacturing process, majority of the start-ups and companies, who create and manufacture innovative materials, due to the lack of funding, produce extremely limited quantities that the average consumer is unable to access. Companies developing raw materials out of hemp, fruit or nettle, for example, are Fabric is an incredibly important part of the fashion industry. Over the not being funded as eagerly as consumer-facing start-ups, a report by years, the way clothing was produced and distributed changed Fashion for Good and Boston Consulting Group has found. Innovations drastically, however, the materials used have remained virtually the same behind the scenes—at the manufacturing and processing end—are (e.g. cotton, leather, silk). missing between $20 billion and $30 billion in financing every year, hampering their ability to make a lasting impact. At the moment, there Due to environmental impact, regulation in areas such as e-textiles and are no structures to ensure investments don’t leave out certain types of accelerating investment in research and development and increasing consumer awareness (The millennial consumers are becoming necessary innovation. For instance, while demand for reused products is increasingly aware of the environmental and ethical impacts of garment growing and start-ups enabling them are scaling, the question of how a production and expect more from transparency and communication resold product’s life ends hasn’t been addressed. The industry is faced by regarding the production process) alternatives have been introduced yet a challenge of how to capitalize on consumer want for sustainable they did not age gracefully as a lot of leather alternatives contain plastic and organic cotton is still unsustainable (Flora, 2020). garments and produce them to be accessible but also profitable (Brown, 2020). A new wave of fabric innovation is attempting to avoid the faith of their predecessors as fashion brands are exploring alternatives to today’s There is also a question of whether it is worth trying to implement a new standard materials, with key players focused on more sustainable infrastructure that accounts for products life cycle and implements substitutes that include recently rediscovered and re-engineered old change in the manufacturing and distribution on a large scale to produce favourites as well as high-tech materials that deliver on aesthetics and function. a more sustainable product as while demand for reused products is growing and startups enabling them are scaling, the question of how a resold product’s life ends hasn’t been addressed. The industry needs entire infrastructure for garment collection, recycling, and recycled fibre spinning systems, write BCG and Fashion for Good. That is where second-hand retailers and rental services have a competitive advantage. 16
‘Consumers who expect companies to conduct more socially responsible practices have not behaved accordingly in their purchase decisions (Belk et al., 2005; Bray et al., 2011). Belk et al. (2005) and Bray et al. (2011) show that CSR is not “at the top of many consumers’ lists”. The gap between consumers’ interest in CSR and the limited role of CSR in their purchase behaviour is revealed by Öberseder et al. (2011) and termed as the CSR-consumption paradox ( Janssen and Vanhamme, 2015). They argue that the complex process for consumers to evaluate CSR initiatives plays an important role in consumption decisions. Literature views the CSR-consumption paradox as an “attitude-behaviour” or “intention-behaviour” gap (Carrington et al., 2014; Schlaile et al., 2016).‘ (Eckhardt, Belk and Devinney, 2010). Millennial consumers who have the purchasing power to pay premium prices for their desired products and often have a desire to live more ethical lifestyle are seemingly the perfect target for companies who‘s purpose is sustainable clothing production, however, they are not willing to make fundamental adjustments or changes to their lifestyle as their value for comfort triumphs any ideology they might believe in. On the contrary, Generation Z is more willing to step out of their comfort zone for something they stand behind yet they lack the purchasing power of millennial consumers. The industry needs to find a way to target both of these consumer groups simultaneously to achieve maximum profits and make businesses realize that sustainability is not just a shiny marketing tool. An interesting example of this is the food industry‘s way to cater to consumers who are against animal cruelty. This industry managed to combat people concerned with animal cruelty (millennials) by offering ‘free-range‘ products (even though animals still have to give their lives away to produce these items) and offering more vegan options (Gen Z) to consumers, who are committed to making a permanent lifestyle change. By targeting both of these consumer groups not only did the industry maximize its profit it also secured a better public perception of the food industry and its practices. Of course, food, unlike fashion, is a necessity, in turn, making it incredibly difficult to appeal to consumers with conflicting ideals and varying disposable income. Until sustainable material developers can sway consumers to change their lifestyle or find a way to produce sustainable clothing at a lower price they will be playing a catch up to fast fashion or second-hand retailers. 17
Retail The way around this is to focus on a circular retail model as a way New retail systems are emerging and transforming the waste sector to attract consumers, address the end products life cycle and gain into consumer-facing currency and the potential future new competitive advantage. ‘Fashion companies that effectively deploy economy (Bishop, 2019). the right technologies will be able to enhance their competitive This a natural progression as more and more consumers shop on advantage by personalising products and shopping experiences, and second-hand retail sites or use clothing rental services. Recognising refining logistical processes that nibble away at budgets.‘ the two-way exchange created by secondary waste retail, other (Chitrakorn, 2018). retail schemes are turning discarded materials into a new form of currency (Newman, 2019). Brands have the opportunity to create a Stores that have an outdated value proposition continuously retail landscape that corresponds with the circular economy model and appeals to conscious millennial consumers. produce declining sales. This phenomenon allowed for new multi- brand retail formats, that bridge the gap between digital-first products and physical spaces, to emerge (Hawkins, 2018). This shift in modern retail landscape reveals the potential to reinvigorate the in-store experience that provides consumers with a sense of discovery and constant newness that attracts them to online shopping and manifest that into physical retail while reconnecting them with the advantages of brick-and-mortar spaces, such as the tactility of products, service and a sense of community. (BOF, 2019). The future of retail demands synergy between the physical store and an e-commerce platform. 18
COVID- 19 Their major shifts in the ways the industry is conducting itself as is evident by Fashion stakeholders and sourcing executives indicate that sourcing volume will likely shift from China to other Asian countries over the next year. At the same time, the need for agility and risk reduction is boosting nearshoring and regional supply-chain development. Some 60 per cent of the broader group of fashion stakeholders expect at-scale and highly capable apparel- manufacturing clusters to emerge more quickly in nearshore markets, for example, in Eastern Another major issue is the Coronavirus that is one of the most devastating tragedies in modern Europe and Central America (Berg, Haug, Hendrich and Marcus, 2020). history. This global pandemic continues to have a major global impact in numerous ways. The industry is facing more incredible challenges, however, there is also a room for new The impact on the global economy is unprecedented and it is still hard to determine what opportunities such as taking the industry towards implementing circular economy model, long-term impact COVID-19 will have on various industries, one of them being fashion. digitalization and more transparent supply chain as according to industry insiders at Numerous factories are suffering due to orders being cancelled, closing to ensure the safety of McKensey, Digital is not only an increasingly important sales channel; it can also help their workers or being unable to keep up with demand. ‘Some brands are moving their companies adopt cost structures and make each step of the value chain better, faster, and manufacturing out of China. cheaper. For example, digitization can enable new logistics and sales-fulfilment options (such as click-and-collect and drive-through), fuel innovative ways of customer acquisition, and help This was a trend before the pandemic, due to rising costs and a simmering trade war with the predict and manage inventory to create a more resilient supply chain. US. In the McKinsey survey, around 60 per cent of respondents said they expected manufacturing clusters to develop more quickly in markets like Eastern Europe and Central Digitizing the value chain, and keeping many of the recent innovations as common practice America that are closer to customers in the US and Western Europe‘(Kent, 2020). after the crisis. During the crisis, companies have been forced to scale up innovation along the entire fashion value chain, including design (3-D design, artificial-intelligence planning), merchandising and planning (virtual sampling, video signoffs), B2B sell-in (digital sell-in, virtual showrooms), sourcing and supply chain (nearshoring, vendor integration), and consumer engagement (virtual shows, social selling) (Stott, 2020). Two-thirds of the broader group of fashion stakeholders believe that the wide adaptation of intelligent sourcing will accelerate over the next year and almost 40 per cent of sourcing executives plan to hardwire predictive analytics for capacity and production planning into their processes (Berg, Haug, Hendrich and Marcus, 2020). The fundamental enabler to all this will be data—the transparency, governance, and accuracy of which have never been more important (Gonzalo, Harreis, Sanchez Altable and Villepelet, 2020). 19
Forging stronger supplier partnerships to drive innovation and secure supply. The industry will see a move away from purely transactional relationships. Almost three-quarters of sourcing stakeholders and Sourcing Journal subscribers expect to forge closer relationships with suppliers, partnering on issues like end-to-end process improvement, finding new investment models, and making industry-wide progress toward social and environmental sustainability (Geoghegan, 2020). This is an expensive and time-consuming project as a company has to find local suppliers that cater to brands needs, completely change the scend formulation and packaging to achieve sustainability promise. Jonsson and Tolstoy (2014) suggest that global sourcing is normally used in the context of strategic coordination and integration of buying activities on a global scale, while international purchasing refers to specific transactional exchanges, which within the contexts may be made within the wider remit of global sourcing. Finding new suppliers is the key milestone as relationships between members of a supply network can develop over time to the point where businesses become strategic partners, where dependence is a two- or- multiple ways and the companies involved are benefiting from a significant synergistic effect (Batliwalla, 2019). As the circular economy becomes more prevalent in the retail sector, brands will need to think about the second life of their products, and how these could be used to generate new internal revenue streams or value exchanges for consumers 20
· Interest in circular retail options is high Despite the opportunity to innovate businesses will likely focus on rebuilding as quickly More than 66% of consumers would consider any secondhand option – buying or selling as possible and relying on traditional retail strategies and suppliers that they trust to gain profit as quickly as possible. Typically, digital and analytics priorities can be categorized according to their 40% of consumers would consider renting any item place in the value chain: customer experience (front), distribution and supply chain (middle), and product development and support functions (back) (Gonzalo, Harreis, Sanchez Altable and Villepelet, 38% of consumers have already made a secondhand purchase in the last 12 months (Mintel, 2020) 2020). A study published earlier this month by the National Retail Federation (NRF) and the IBM Circular retail options attract young shoppers Institute highlighted consumers' greater focus on value when it came to fashion, compared with other industries. When shopping for food and beverages, 44% of respondents said they were mainly More than 80% of men and women aged 18-34 would consider buying secondhand purpose-driven, seeking products and brands that aligned with their lifestyle or came with health and wellness benefits. However, in the apparel and footwear category, more respondents said their 60% of men and 57% of women aged 18-34 would consider renting (Mintel, 2020) pursuits were value-driven (46%), compared with 35% who identified as purpose-driven consumers. Cleanliness is a top concern for renting and resale The focus on customer service will be prioritized as companies will strive to re-establish themselves as big market players and to do so they have to attract a large consumer base and keep growing it. 58% of consumers are concerned about the cleanliness of preowned items 55% are concerned about cleanliness when it comes to rental options Like other retailers, rental services and resellers, such as Rent the Runway and Poshmark COVID-19 is causing some to alter behaviour and have more concerns over sanitation (Mintel,2020) have released information to customers about their sanitation practices and shared what they’re doing to take precaution (Piras and Stott, 2020). But unlike other retailers, they’ll face more challenges 74% of women aged 18-34 said they were washing their hands more often as of March 12th, compared to 57% as of the week ending March 6th convincing consumers to shop them when things get back to normal unless they implement sharing point of origin information about the products they’re selling. Another option they should consider is allowing 50% were using hand sanitizer more often as of March 12th customers to choose who they want to share with; for example, creating groups that allow a select number of consumers to swap items within a certain time frame. The aforementioned health concerns 38% of men and 31% of women aged 18-34 were trying to avoid crowded places (Mintel, 2020). may result in increased use of apps like DePop, where consumers create their marketplaces to shop and sell items secondhand, communicating directly with other users (WWD, 2020). Even if they’re buying a preowned item, shoppers may be more inclined to use an option where they have more information on the seller versus shopping a larger consignment service, such as The RealReal. In a time when consumers are looking to maintain some type of control, the unknown aspect of shopping circularly may prove too big of a risk that’s not always worth the reward (Mintel, 2020). 21
Conclusion As the circular economy business model and innovative retail strategies continue to rise the industry is taking a step towards a brighter future, However, the impact of COVID-19 could potentially sput the focus on innovation on hold to focus on financial recovery. Despite promising innovation and big improvements in the manufacturing process the industry still has a long way to go to truly improve. The lack of solid regulations and legislation that sets a universal standard and the inability to compete with established second-hand retailers or fast fashion giants when it comes to price point and ability to offer trendy/personalized clothing, eco-conscious companies lack competitive advantage besides ethical manufacturing. As the majority of the consumers remain undecided and refuse to hold themselves to the same moral and ethical standards as businesses, the decision to push towards sustainability still seems like a risk that would not necessarily pay off. As of now there simply too many obstacles and lack of structure and funding that would allow to successfully mass-produce sustainable materials, However, the industry is making strides and constantly growing to hopefully produce only sustainably sourced and manufactured products. 22
2019 SCS Global, 2019. [online] Available at: https://www.scsglobalservices.com/files/resources/scs-stella- lca-executive_summary-100617.pdf (Accessed: 10 February 2020). Arnett, G., 2019. Beauty Brands Love Smart Tech. Customers Disagree. [online] Vogue Business. Available at: https://www.voguebusiness.com/technology/beautyfunction-beauty-tech-loreal-la-roche-posay (Accessed: 7 March 2020). Batliwalla, N., 2019. Circular Store Design. [online] Fashion | LS:N Global. Available at: https://www.lsnglobal.com/fashion/article/24782/circular-store-design (Accessed: 7 January 2020). Bibliography Franklin-Wallis, O. (2018). Stella McCartney is on a quest to save you from the fashion industry. [online] Wired.co.uk. Available at: https://www.wired.co.uk/article/stella-mccartney-sustainable-fashion (Accessed: 14 October 2019). Berg, A., Haug, L., Hendrich, S. and Marcus, K., 2020. Time For Change: How To Use The Crisis To Make Fashion Sourcing More Agile And Sustainable. [online] McKinsey & Co. Available at: Geoghegan, J., Fish, I., Whelan, G. and Fish, I., 2019. Fashion Retail's Top Five Challenges For 2020. [online] https://www.mckinsey.com/industries/retail/our-insights/time-for-change-how-to-use-the-crisis-to-make- Drapers. Available at: https://www.drapersonline.com/fashion-retails-top-five-challenges-for- fashion-sourcing-more-agile-and-sustainable (Accessed: 8 May 2020). 2020/7038764.article?blocktitle=Stores&contentID=18113 (Accessed: 7 February 2020). GetSmarter Blog. 2018. The Shifting Landscape Of Sustainability Legislation | Getsmarter Blog. [online] Bolt Threads, 2020. [online]. Available at: https://boltthreads.com/ (Accessed: 3 March, 2020). Available at: https://www.getsmarter.com/blog/market-trends/the-shifting-landscape-of-sustainability- legislation/ (Accessed: 9 February 2020). Brown, S., 2020. How Big Brands Can Adopt A Start-Up Mindset. [online] The Business of Fashion. Available at: https://www.businessoffashion.com/articles/professional/how-not-to-be-corporate-even-if-you-are Gittsham, M., 2015. Big Businesses Push For Stricter Environmental Regulations. [online] the Guardian. (Accessed: 9 March 2020). Available at: https://www.theguardian.com/sustainable-business/2015/feb/04/business-manifesto- sustainability-guidelines-climate-policy (Accessed: 15 March 2020). CFDA, 2020. [online]. Available at: https://cfda.com/resources/materials (Accessed: 3 March, 2020). Globalfashionagenda.com. 2020. Pulse 2019. [online] Available at: https://globalfashionagenda.com/pulse- Choi, T. (2016). Analytical modeling research in fashion business. Singapore: Springer (Accessed: 27 October 2019-update/# (Accessed: 10 April 2020). 2019). Global-standard.org. 2020. Certification - Global Standard Ggmbh. [online] Available at: https://www.global-standard.org/certification.html (Accessed: 1 May 2020). Clarke, L. (2019). Chameleonic clothing that responds to its environment. [online] Chameleonic clothing that responds to its environment | LS:N Global. Available at: Gonzalo, A., Harreis, H., Sanchez Altable, C. and Villepelet, C., 2020. Fashion’S Digital Transformation: Now Or Never. [online] McKinsey & Co. Available at: https://www.mckinsey.com/industries/retail/our- https://www.lsnglobal.com/news/article/24734/chameleonic-clothing-that-responds-to-its-environment insights/fashions-digital-transformation-now-or-never (Accessed: 10 May 2020). (Accessed: 5 October 2019). Harris, Clare (2017), Fundamentals of Digital Fashion Markeitng, Bloomsbury (Accessed: 3 April 2019). Ezhova, K., 2018. Social Goods | Abuse Reports In India's Factories, Beauty Supply Chains Violate Human Hedegaard, S., 2015. Sustainability-Focused Identity: Identity Work Performed To Manage, Negotiate And Rights. [online] The Business of Fashion. Available at: https://www.businessoffashion.com/articles/news- Resolve Barriers And Tensions That Arise In The Process Of Constructing Organizational Identity In A analysis/social-goods-abuse-reports-in-indias-factories-beauty-supply-chains-violate-human-rights Sustainability Context. [online] CBS Research Portal. Available at: (Accessed: 9 February 2020). https://research.cbs.dk/en/publications/sustainability-focused-identity-identity-work-performed-to- manage (Accessed: 10 February 2020). Fashionunited.uk. 2017. Can The Fashion Industry Calculate Its Way To Sustainability? - The Potential Of I. Mastoris, 2020. The Life Cycle Management and Intellectual Capital factors that influence sustainability LCA. [online] Available at: https://fashionunited.uk/news/fashion/can-the-fashion-industry-calculate-its- integration in organisational processes [online]. Available at: file:///D:/STUFF/Mastoris-2017-PhD.pdf way-to-sustainability-the-potential-of-lca/2017061924879 (Accessed: 6 March 2020). (Accessed: 4 February 2020). Fast Company, 2020. [online]. Available at: https://www.fastcompany.com/40476430/the-shirt-of-the- Ifm.eng.cam.ac.uk. 2020. Well Dressed? The Present And Future Sustainability Of Clothing And Textiles In future-is-made-from-polyester-thats-been-created-by-methane-eating-bacteria (Accessed: 3 March, 2020). The United Kingdom. [online] Available at: https://www.ifm.eng.cam.ac.uk/insights/sustainability/well- dressed/ (Accessed: 1 February 2020). Flora, L., 2020. How A Hero Product Is Born. [online] The Business of Fashion. Available at: Kent, S., 2020. Fashion's Supply Chain Disruptions: What You Need To Know. [online] The Business of https://www.businessoffashion.com/articles/professional/how-a-hero-product-is-born (Accessed: 9 March Fashion. Available at: https://www.businessoffashion.com/articles/professional/fashions-supply-chain- 2020). disruptions-what-you-need-to-know (Accessed: 9 May 2020). Forbes.com. (2018). Council Post: How Technology Is Shaping The Future Of The Fashion Industry. [online] Kent, S., 2020. How To Avoid The Next Supply Chain Shock. [online] The Business of Fashion. Available at: Available at: https://www.forbes.com/sites/theyec/2018/10/01/how-technology-is-shaping-the-future-of- https://www.businessoffashion.com/articles/professional/how-to-avoid-the-next-supply-chain-shock the-fashion-industry/#41e3dda51a45 (Accessed 9 April 2020). (Accessed: 30 May 2020). Kuntze, C., Lange, T. and Seyfert, A., 2019. Next-Generation Supply Chain—Transforming Your Supply Chain Forbes.com. (2018). What You Need To Know About Changing Luxury Consumer Trends For 2019. [online] Operating Model For A Digital World. [online] McKinsey & Co. Available at: Available at: https://www.forbes.com/sites/njgoldston/2018/12/31/what-you-need-to-know-about- https://www.mckinsey.com/business-functions/operations/our-insights/next-generation-supply-chain- changing-luxury-consumer-trends-for-2019/#23c4680c5e9d (Accessed: 16 April 2020). transforming-your-supply-chain-operating-model-for-a-digital-world (Accessed 7 February 2020). 23
Maccarthy, L., 2018. Stella Mccartney Commissions First-Ever LCA For Manmade Cellulosic Fibers. [online] Sustainable Brands. Available at: https://sustainablebrands.com/read/supply-chain/stella-mccartney- commissions-first-ever-lca-for-manmade-cellulosic-fibers (Accessed: 12 March 2020). Pedersen, E., Gwozdz, W. and Hvass, K., 2016. Exploring the Relationship Between Business Model Innovation, Corporate Sustainability, and Organisational Values within the Fashion Industry. Journal of May, N. (2019). This is what the future looks like for these lab-grown materials. [online] Evening Standard. Available at: https://www.standard.co.uk/fashion/vegan-sustainable-labgrown-materials-leather-cotton- Business Ethics, 149(2), pp.267-284 (Accessed: 9 April 2020). alternatives-a4275346.html (Accessed: 5 November 2019). Pinatex, 2020. [online]. Available at: https://www.ananas-anam.com/about-us/ (Accessed: 3 March, 2020). Mango Materials, 2020. [online]. Available at: https://www.mangomaterials.com/innovation/ (Accessed: 3 March, 2020). Piras, J., 2019. Skincare Networks. [online] Skincare Networks | LS:N Global. Available at: https://www.lsnglobal.com/micro-trends/article/24963/skincare-networks (Accessed: 5 February 2020). McDowell, M., 2019. Inside The Physical Store That Only Offers Digital Clothes. [online] Vogue Business. Available at: https://www.voguebusiness.com/technology/hot-second-circular-digital-clothing-store- Piras, L. and Stott, R., 2020. Eco-Ambitious Retail. [online] Retail | LS:N Global. Available at: london (Accessed: 5 March 2020). https://www.lsnglobal.com/retail/article/25283/eco-ambitious-retail (Accessed: 7 April 2020). McDowell, M., 2020. As DTC Brands Move Into Wholesale, Analytics Platforms Follow. [online] Vogue Business. Available at: https://www.voguebusiness.com/technology/mikmak-is-helping-brands-crack- Pisano, G. (2015). You Need an Innovation Strategy. [online] Harvard Business Review. Available at: attribution-retail-advertising-macys-sephora (Accessed: 6 March 2020). https://hbr.org/2015/06/you-need-an-innovation-strategy (Accessed: 8 October 2019). McDowell, M., 2020. Fashion-Tech Startups Offer Look At Legacy Retailer Ambitions. [online] Vogue Publications.parliament.uk. n.d. Fixing Fashion: Clothing Consumption And Sustainability - Environmental Business. Available at: https://www.voguebusiness.com/technology/fashion-tech-startups-offer-look-at- Audit Committee. [online] Available at: legacy-retailer-ambitions (Accessed: 6 March 2020). https://publications.parliament.uk/pa/cm201719/cmselect/cmenvaud/1952/full-report.html (Accessed: 2 McKinsey & Company. (2019). Self-disruption in the fashion industry. [online] Available at: February 2020). https://www.mckinsey.com/industries/retail/our-insights/self-disruption-in-the-fashion-industry (Accessed: 3 October 2019). Ro, C., 2020. Can Fashion Ever Be Sustainable?. [online] Bbc.com. Available at: https://www.bbc.com/future/article/20200310-sustainable-fashion-how-to-buy-clothes-good-for-the- McKinsey and Company, Business of Fashion (2019). The State of Fashion. [online] McKinsey and Company. Available at: climate (Accessed: 8 April 2020). https://www.mckinsey.com/~/media/McKinsey/Industries/Retail/Our%20Insights/The%20State%20of%20F Stott, R., 2020. How Circular Retail Could Create New Cashless Economies. [online] How circular retail could ashion%202019%20A%20year%20of%20awakening/The-State-of-Fashion-2019-final.ashx (Accessed 3 October: 2019). create new cashless economies | LS:N Global. Available at: https://www.lsnglobal.com/big- ideas/article/25126/how-circular-retail-could-create-new-cashless-economies (Accessed: 7 May 2020). Mistra Future Fashion. n.d. Life Cycle Assessment - Five Garments - Mistra Future Fashion. [online] Available at: http://mistrafuturefashion.com/output/lca-five-garments/ (Accessed: 1 March 2020). Suhrawardi, R. (2019). The Big Issues Facing Fashion in 2019. [online] Forbes.com. Available at: Morgan, B., 2020. 11 Fashion Companies Leading The Way In Sustainability. [online] Forbes. Available at: https://www.forbes.com/sites/rebeccasuhrawardi/2019/01/16/the-big-issues-facing-fashion-in- https://www.forbes.com/sites/blakemorgan/2020/02/24/11-fashion-companies-leading-the-way-in- 2019/#5269db6023a9 (Accessed: 27 October 2019). sustainability/ (Accessed: 9 April 2020). Teo, T. (2013) Handbook of Quantitative Methods for Educational Research. Rotterdam: Brill | Sense. Msi.higg.org. 2020. Sustainable Apparel Coalition - Higg MSI. [online] Available at: https://msi.higg.org/sac- Available at: http://search.ebscohost.com/login.aspx?direct=true&db=nlebk&AN=706855&site=eds-live materials/detail/193/polyurethane-pu-synthetic-leather (Accessed: 5 February 2020). (Accessed: 1 November 2019). Newbolt, A. (2019). Stella McCartney: Sustainability Is The Future Of Fashion, Not Just A Trend. [online] British Vogue. Available at: https://www.vogue.co.uk/news/article/stella-mccartney-sustainability-ss20 Tharenou, P., Cooper, B. and Donohue, R. (2007). Management research methods. Cambridge: Cambridge (Accessed: 14 October 2019). Univ. Press (Accessed: 15 October 2019). Nieto, D. (2019). Why Supporting Sustainability Is Key For The Luxury Industry. [online] Luxury Society. Varley, R., Roncha, A., Radclyffe-Thomas, N. and Gee, L. (2019). Fashion management. A strategic approach. Available at: https://www.luxurysociety.com/en/articles/2019/08/why-supporting-sustainability-key- London: Red globe press (Accessed: 21 October 2019). luxury-industry-lvmh-stella-mccartney/ (Accessed: 8 October 2019). Nishimura, K., 2020. Fashion From Fungi: Mycoworks Raises $17M For Cruelty-Free Alt Leather. [online] Vecchi (2017). Advanced Fashion Technology and Operations Management. London: IGI Global. (Accessed: Sourcing Journal. Available at: https://sourcingjournal.com/topics/sustainability/mycoworks-reishi-leather- 20 October 2019). fungus-mycelium-material-innovation-pleather-cruelty-free-197664/ (Accessed: 8 April 2020). 24
Wang, Y. and Pettitt, S. (2016). E-Logistics: Managing Your Digital Supply Chains for Competitive Advantage. Choi, T. (2016). Analytical modeling research in fashion business. Singapore: Springer (Accessed 27: London: Kogan Page (Accessed: 20 October 2019). October 2019). Wicker, A., 2020. Fashion’S Impact On The Environment Is Actually A Mystery. [online] Vox. Available at: Clarke, L. (2019). Chameleonic clothing that responds to its environment. [online] Chameleonic clothing https://www.vox.com/the-goods/2020/1/27/21080107/fashion-environment-facts-statistics-impact that responds to its environment | LS:N Global. Available at: (Accessed: 4 February 2020). https://www.lsnglobal.com/news/article/24734/chameleonic-clothing-that-responds-to-its-environment (Accessed: 5 October 2019). Zha, W., 2019. What Does The EU's Green Deal Mean For The Textile Industry?. [online] Fashionunited.uk. Available at: https://fashionunited.uk/news/business/what-does-the-eu-s-green-deal-mean-for-the-textile- Danziger (2019). 6 Trends Shaping The Future Of The $532B Beauty Business. [online] Forbes.com. Available industry/2019121346647 (Accessed: 5 March 2020). at: https://www.forbes.com/sites/pamdanziger/2019/09/01/6-trends-shaping-the-future-of-the-532b- Brandisauskaite, E. 2020 [ online] Available at: https://blackboard.soton.ac.uk/webapps/turn- beauty-business/#47b401cf588d (Accessed: 8 November 2019). plgnhndl- Davis, E. (2019). Best sustainable perfumes and natural fragrances. [online] Evening Standard. Available at: bb_bb60/links/submit.jsp?course_id=_187082_1&content_id=_4473766_1&orig_id=_44737 https://www.standard.co.uk/shopping/esbest/beauty/fragrance/best-sustainable-perfumes-and-natural- 66_1 (Accessed: 5 March, 2020). fragrances-a4137916.html (Accessed: 27 November 2019). JOURNALS/ BOOKS Dawson, H. (2018). How Fashion Brands Can Integrate Technology In-Store to Boost Sales - SaleCycle. [online] SaleCycle. Available at: https://www.salecycle.com/blog/strategies/fashion-brands-can-integrate- technology-store-boost-sales/ (Accessed: 8 November 2019). Baker, S. (2020). Why Britain should prioritise American trade talks over the EU. [online] The Telegraph. Dentchev, N., Rauter, R., Jóhannsdóttir, L., Snihur, Y., Rosano, M., Baumgartner, R., Nyberg, T., Tang, X., van Available at: https://www.telegraph.co.uk/news/2020/01/13/britain-should-prioritise-american-trade- Hoof, B. and Jonker, J., 2018. Embracing the variety of sustainable business models: A prolific field of talks-eu/ (Accessed: 13 January 2020). research and a future research agenda. Journal of Cleaner Production, 194, pp.695-703. (Accessed: 7 February 2020). Belk, R., Devinney, T. and Eckhardt, G., 2005. Consumer Ethics Across Cultures. Consumption Markets & Culture, 8(3), pp.275-289 (Accessed: 9 April 2020). Eckhardt, G., Belk, R. and Devinney, T., 2010. Why don't consumers consume ethically?. Journal of Consumer Behaviour, 9(6), pp.426-436. (Accessed: 1 March 2020). Bhattacharya, C. and Sen, S., 2004. Doing Better at Doing Good: When, Why, and How Consumers Respond to Corporate Social Initiatives. California Management Review, 47(1), pp.9-24 (Accessed: 7 February 2020). Frankl, P. and Rubik, F., 2000. Life cycle assesment in industry and business: Adoption patterns, applications and implications. The International Journal of Life Cycle Assessment, 5(3), pp.133-133. (Accessed: 1 March Bishop, K. (2019). Secondary Waste Retail. [online] Secondary Waste Retail | LS:N Global. Available at: 2020). https://www.lsnglobal.com/micro-trends/article/24648/secondary-waste-retail (Accessed: 16 December 2019). Gilliland, N. (2019). Seven innovators of the in-store customer experience – Econsultancy. [online] Econsultancy. Available at: https://econsultancy.com/in-store-customer-experience/ (Accessed: 8 Bolt Threads. (2019). B-silk™ Protein | Unhydrolyzed Vegan Silk Protein. [online] Available at: November 2019). https://boltthreads.com/technology/silk-protein (Accessed: 27 November 2019). Harris, C. (2019). 6 Trends That Will Define Luxury eCommerce in 2019. [online] Business 2 Community. Botsman,R., & Rogers,R. (2010). What’s mine is yours: The rise of collaborative consumption. NewYork: Available at: https://www.business2community.com/ecommerce/6-trends-that-will-define-luxury- HarperCollins (Accessed: 16 December 2019). ecommerce-in-2019-02162138 (Accessed: 8 November 2019). Bughin, J. ( 1 ), Chui, M. ( 2 ) and Manyika, J. ( 2 ) (no date) ‘Capturing business value with social Hawkins, A. (2018). Department Store Disruptors. [online] Department Store Disruptors | LS:N Global. technologies’, McKinsey Quarterly, (4), pp. 72–80. Available at: Available at: https://www.lsnglobal.com/micro-trends/article/23222/department-store-disruptors http://search.ebscohost.com/login.aspx?direct=true&db=edselc&AN=edselc.2-52.0- (Accessed: 16 December 2019). 84880568581&site=eds-live (Accessed: 3 December 2019). Bürklin, N., 2019. Institutional enhancement of consumer responsibility in fashion. Journal of Fashion Hawkins, A., Scott,R., (2019). Community Commerce. [online] Community Commerce | LS:N Global. Available at: https://www.lsnglobal.com/macro-trends/article/23965/community-commerce-1 (Accessed: Marketing and Management: An International Journal, 23(1), pp.48-65. (Accessed: 1 May 2020). 3 December 2019). Chen, C. (2019). How Temporary Pop-Ups Became a Permanent Strategy. [online] The Business of Fashion. Available at: https://www.businessoffashion.com/articles/professional/pop-ups-retail-real-estate- Yang, S., Song, Y. and Tong, S., 2017. Sustainable Retailing in the Fashion Industry: A Systematic Literature disruption (Accessed: 8 November 2019). Review. Sustainability, 9(7), p.1266. (Accessed: 1 May 2020). 25
You can also read