This is a statement contained in "Supply chain emissions, recycled textiles: Fashion's 2023 sustainability predictions", a Vogue report that describes the progress promised and achieved by the fashion industry in reducing environmental impact. According to the magazine, the fashion industry is still a long way from a 1.5°C target, but there are some encouraging signs.
The turnover of the sector towards 107 billion, +16% on 2021 and +9% on 2019. Uncertainty for the new year, but orders for the spring-summer 2023 collections are already very positive. [Industria della moda da record, prima volta sopra i 100 miliardi - ilsole24ore]
As supply chains remain under pressure, garment manufacturers have an opportunity to lean into vertical integration, nearshoring and small-batch production, while seeking closer upstream and downstream collaboration, according to The State of Fashion 2023, an in-depth report on the global fashion industry, co-published by BoF and McKinsey & Company.
In 2023, the global fashion industry will need to weather inflation while finding opportunities in shifting consumer patterns, channel and digital marketing strategies, and manufacturing approaches. Download The State of Fashion 2023
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