BRICS+ Fashion Summit to address global trade shifts in Moscow

The BRICS+ Fashion Summit is scheduled to take place in Moscow from September 28 to 30. As a major international forum for fashion enterprises in rapidly developing economies, the event will bring together industry leaders, manufacturers, retailers, and investors from across Asia, Latin America, Africa, the Middle East, and Europe.

The summit's business programme focuses on the impact of global trade shifts on strategic corporate decisions, including market selection, sales geography, and investment scales. Key discussions will address the restructuring of supply chains, manufacturing geography, and the macroeconomic megatrends shaping the industry's future.

Participants will explore how to adapt product portfolios to diverging trends between the Global North and South and how to navigate consumer behavior amidst macroeconomic uncertainty. Experts noted that current economic conditions have led consumers to prioritize value-for-money, necessitating more scrutiny in sales forecasting.