News: End-of-use phase scores badly in fashion value chain
The recently published 'Pulse of the Fashion Industry' report says that fashion brands score their worst - less than 1 out of 10 - at their end-of-use phase.
Wednesday, 28th June 2017
The poor performance of the end-of-use phase shows that most fashion brands don't yet realise that there are opportunities to be had in this phase of the value chain. Not only is a 'circular economy' fashion model sustainable in terms of resources, it also makes sense financially: raising the current garment collection rate to 60% by 2030 could save the sector more than €4 billion.
The report, by Global Fashion Agenda and the Boston Consulting Group, says it's time the fashion value chain integrated 'circularity' into the design phase, so that discarded products can be used as raw materials for new garments. The authors also want regulators to motivate change, and all fashion brands and retailers to "commit to a circular fashion system".
To read the full report, follow the link below.
WRAP report on environmental impact of UK clothing industry
WRAP's recent report "Valuing Our Clothes: the cost of UK fashion" highlights recent achievements in the clothing sector, looks at business opportunities, and gives an insight into consumer behaviour when it comes to buying and wearing clothing.