Via @forbes ‘Sustainability’ has sparked a gold rush among fashion industry players who recognise that the sector’s business model, with all its excesses, is ripe for disruption. It’s gone fully mainstream: sustainability dominated Davos, with the likes of @gretathunberg and Prince Charles repeating their calls for urgent action to tackle the #climate crisis.
But while tried and tested consumer-facing solutions to the industry's excesses— think Allbirds, Vinted, Rent The Runway—get the attention, companies innovating on the manufacturing and production side face huge gaps in financing, and at crucial stages. Companies developing raw materials out of hemp, fruit or nettle, for example, are not being funded as eagerly as consumer-facing startups, a report by Fashion for Good and Boston Consulting Group has found. In fact, innovations behind the scenes—at the manufacturing and processing end—are missing between $20 billion and $30 billion in financing every year, hampering their ability to make a lasting impact.
Go to shorturl.at/moSX7 to read the full story.
#fashion #fashionblogger #fastfashion #sustainablefashion #sustainability #eco #future #change - 41 seconds ago