Transforming the Apparel Industry: Sustainability and Innovations Lead the Way
New Apparel Industry News indicate that there has been an impressive increase in practices promoting sustainability as well as adoption of new technologies prevalent in the international marketplace. Circular fashion and other forms of ‘eco-designs’ have therefore found their way into the brands since consumers demanded sustainability in the production of apparels. For instance, Germany based Hugo Boss released material recycling project “Eightyards” and on the other hand garment factory of Bangladesh newly received the 9 percent raise demand concerning reasonable wages for garment workers. Main concern is still on sustainability, as Puma has joined forces with Spinnova for the development of biodegradable fibers, which is example of the trend of sustainable production becoming more popular in industry. Also, nearshoring is becoming popular as companies seek to optimise logistics length, cut down extended supply chain, and many organisations’ attempt to adopt green value chain. That these concepts are fast being adopted point to a significant paradigm shift in the apparel industry where merchandise production and sales are now anchored on economically viable and sustainable values and mission statements.