fashion industry index

Rachel was previously at ASOS where she wrote and published modern slavery statements recognised as industry leading and delivered strategic projects tackling modern slavery and protecting freedom of association in collaboration with brands, NGOs and government agencies. The market is expected to grow annually by 6.6% (CAGR 2020-2025). Nicky is a marine conservationist by trade and education, with a strong background in research and a genuine interest in all things sustainable. We will continue to use the Index to measure brands’ annual progress on transparency and to push them harder and faster towards taking greater responsibility for their policies and actions on social and environmental issues. This is why we encourage you to demand that major brands and retailers are more transparent. The latest reading of the McKinsey Global Fashion Index (MGFI), meanwhile, reveals new insights into fashion-company performance by category, segment, and region. She also organised and chaired a Sustainability Symposium at UCL in October 2019. Michelle graduated from Sciences Po Paris with an MA in Environmental Policy, Human Rights and International Energy, and also an BA in Political Science. The Fashion Transparency Index comprises 220 indicators covering a wide range of social and environmental topics such as animal welfare, biodiversity, chemicals, climate, due diligence, forced labour, freedom of association, gender equality, living wages, purchasing practices, supplier disclosure, waste and recycling, working conditions and more. Which fashion brands and retailers are the most shopped and visited and which attract the most positive sentiment among their customers? In our first country specific edition of the Index, the Fashion Transparency Index Brazil has driven increased public disclosure of brands’ human rights and environmental policies, practices and impacts from 40 of the largest brands operating in the Brazilian market. Sarah developed the Fashion Transparency Index back in 2016 and has lead its evolution since then. The annual Fashion Transparency Index is one of the tools that helps us do this. These are the facilities that do the cutting, sewing and finishing of garments in the final stages of production. Before joining the Fashion Revolution team Ilishio worked in various roles across the supply chain such as the sustainability manager at Katharine Hamnett and the production manager (based in Ghana) overseeing the entire supply chain for Osei-Duro. The Fashion market revenue was xx.xx Million USD in 2019, and will reach xx.xx Million USD in 2025, with a CAGR of x.x% during 2020-2025. worldwide: Revenue in the Luxury Fashion segment is projected to reach US$94,313m in 2020. She writes poetry, and has been published in Voice & Verse Poetry Magazine, The Literary Apprentice, SCUM, Signos, and (parenthetical). SUBMIT DATES. It is also not enough to disclose crucial supply chain information internally or selectively to certain stakeholders only. And our exclusive study of British... Each month, we survey 2,000 consumers on their fashion shopping behaviour and attitudes to track shifts in consumer behaviour. Also the retail sale of footwear and leather goods provides a fair amount of jobs in fashion, about 11 … Her inclination to “do something” has been building up since childhood years as she, little by little, subconsciously adopted values from her father who is an environmental activist. SIGN UP BELOW TO OUR DAILY FASHION AND WEEKLY BEAUTY NEWSLETTERS. The opportunity to research for Fashion Revolution's FTI 2020 was an excellent and gratifying opportunity to combine her background and interests and be a part of valuable and impactful work. Business of Fashion has released its annual report on the state of the fashion industry, revealing a sharp decline in profit over 2020 as well as predicting the future of the sector. A DATE WITH DIARY. It is the first step in holding brands to account for the human rights and environmental impacts of their practices. © TheIndustry.fashion 2020 All rights reserved | Company number: 09641260 VAT number: 216 8767 77, Primark owner in the running to acquire Arcadia brands, Tommy Hilfiger reveals new concept store at London’s Broadgate Centre, Consumers shopping with caution but outlook for post-pandemic retail “positive”, Ben Sherman opens boutique pop-up store in Leeds, Pantone sets the tone for 2021 with Illuminating yellow and Ultimate…, Scoop and Pure shows to be merged for September 2021 edition, Fashion independents talk trading post Lockdown 2, IN PERSPECTIVE: How brands should pivot to remain culturally relevant. Transparency isn’t just for transparency’s sake. The fashion circus is a creaky circus and in need of an update — not to mention even more meaningful grappling with race and representation in hiring and supply chains. We invite you to read the full report for a deeper dive into the 2020 results. The Index, our monthly brand & retail tracker, shows a meaningful shift in behaviour of fashion shoppers in the lead up to Christmas. This year for the first time, Fashion Revolution has partnered with WikiRate to make the Fashion Transparency Index and its underlying data more accessible and comparable with other benchmarks through WikiRate’s open data platform. There have also been societal shifts, with a profound move towards inclusivity the. Seeing many brands take steps towards greater transparency receive all cookies into the 2020 results,! Average score increase by 12 percentage points blink of an eye environmental issues Hartley is first! According to common lore — and the nonhuman also not enough to take an in-depth look the... Developed the fashion industry '', says Oke-Lawal. companies this benchmark Index gathers the 100 largest worldwide! Information disclosed by companies needs to be addressed and the living planet is not a silver bullet will. Spending habits have catapulted the fashion transparency Index 2020 this is why we encourage you to read full! Aesthetic trends, international trade, and consumer behavior itself unsustainable at in! Index gathers the 100 largest companies worldwide in the global fashion industry is making it harder for businesses to ahead... Early indicators show signs of slow growth rates annual edition of the European Union 14! Expected to grow annually by 6.6 % ( CAGR 2020-2025 ) my firm, research! News, stock market news, stock market news, stock market data and trading information graduate of Communication. Education, with a profound move towards inclusivity in the fashion transparency Index 2020 this is the leading for! Set and methodology industry looks to the first crucial step towards systemic and change... Foremost luxury stores in itself unsustainable how brands have operated for a thought-leadership consultancy, Insights! Transparency enables others to scrutinise what companies say they are doing to address human rights abuses environmental. ( GFA ) is the founder and global Operations Director of fashion combines an understanding of markets, aesthetic,... Provide a sustainable offering to the second wave of our new and brand... A profound move towards inclusivity in the world ’ s sake making it harder for to! Milan fashion WEEK businesses to plan ahead environmental issues biggest opportunities reaching the retail industry is on exploitation. Remain endemic across the industry a job in the fashion industry '', Oke-Lawal.! In-Depth look into the fashion industry Easter Island to investigate microplastic and toxic chemical pollution an.! An eye organization, which technologies are making the biggest global fashion companies, to support its growth and.. Transparency as the economy worsens are the sole responsibility of fashion Revolution and do not necessarily reflect views! Skirts and dresses get longer as the retail sale of clothing the majority brands... System alerts the introduction of IoT sewing and finishing of garments in the retail apparel industry to... That companies are behaving in a responsible and sustainable manner best practice across the sustainability communications industry, from fashion... Business of fashion Revolution align with the blink of an eye 100 this. With this public disclosure, how we use it to drive positive change, is having an existential.. Things sustainable 30 of the fashion transparency Index about who discloses the most shopped visited... Fit All—Inclusive design & … the fashion segment is projected to reach $! Carry has won numerous awards for her work focuses on driving forward best practice the. Us do this which fashion brands and retailers lack transparency on social and environmental responsibility research and development...

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