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Towards a Sustainable Apparel Business
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By
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Fibre2fashion.com
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Currently the green apparel
market is estimated to be worth $3 billion; which is comparatively smaller than
the overall $450 billion global apparel market. However, the market is expected
to expand and grow further; positively. The growing interest among the
manufacturers, and retailers and consumers concern towards sustainable
clothing, and other social issues related to textile production will foster the
growth of the industry.
Terms of sustainability and green
supply chain will become more prevalent in the global market. Early adopters will
reap more profits leaving the late comers a tough time to catch up with.
Apparel manufacturers and retailers will give priority to sustainable business
practices. Long term practices such as eco friendly product life cycle and
minimizing the carbon foot print in manufacturing, transportation and stores
will be a part of the management strategy.
Apparel industry is marching
towards sustainability in full force. Manufacturers and retailers must react
quickly and respond to the growing demand for a greener environment.
References:
- http://2sustain.com
- http://www.packagedfacts.com
- http://www.apparelmag.com
- http://www.sustainability.com
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