Breaking Barriers: The Next Big Frontiers in Fashion Supply Chain for 2023 and Beyond
Did you know that 8-10% of carbon emissions are caused by the fashion industry alone? That is more than all the international flights and marine shipping industry combined. The fashion industry is a market worth $1.5 trillion U.S. dollars and is predicted to increase to approximately 2 trillion dollars by 2026. However, despite the market size, the industry burns with several significant challenges that need immediate attention. The fashion industry has been running on traditional production models from ages.
Conventional production hubs such as India, Bangladesh, and Vietnam have long been known for their production models based on cheap labour, access to raw materials, and low-cost manufacturing.