A catalyst to rethink supply chains…
For example, COVID-19 has highlighted fragility and poor practice across fashion’s opaque supply chains. Technology that enables greater supply chain visibility – tracking how and where goods are made – could see growth in demand as brands look to improve resilience and efficiency, and demonstrate greater transparency and accountability to stakeholders.
….and dismantle the ‘take-make-dispose’ model
The pandemic could also be the catalyst to drive the fashion industry to shift from its wasteful ‘take-make-dispose’ model of perpetual growth to a more reactive approach. Faced with vast amounts of unsold stock following the shutdown, brands could deploy a range of methods to manage inventory.