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2 clusters · 7 sources · 25 days · First seen · Last updated

Fashion industry production and inventory challenges

Overview

The fashion industry is grappling with significant financial and environmental challenges stemming from production and inventory management. Reports indicate that unsold clothing from 2023 held a retail value between $70 billion and $140 billion, with inventory days on hand reaching levels 14% higher than pre-2020 averages by 2024.

To mitigate these losses, the industry is exploring a transition toward on-demand production models to replace traditional forecasting. Simultaneously, there is a growing movement to address a transparency gap regarding total production volumes. While the sector is estimated to produce between 80 billion and 150 billion garments annually, data suggests only 9% of analyzed brands disclose their actual production numbers.

In response, initiatives such as the #ContarEstáDeModa campaign, led by the Association of Ethical and Sustainable Fashion (AMES), are working to encourage brands to publish annual production volumes to better measure environmental impact and waste reduction.

Entities

The Or Foundation · Fashion Revolution · Raúl González · AMES · Asociación de Moda Ética y Sostenible

Timeline

  1. [BUSINESS] 5 sources
    Fashion industry faces transparency gap in production volumes

    The AMES association is campaigning for fashion brands to disclose annual production volumes, noting that only 9% of brands currently report these figures despite industry estimates of up to 150 billion items.

  2. [BUSINESS] 2 sources
    Fashion industry shifts toward on-demand production to combat excess inventory

    The fashion industry faces massive losses from excess inventory, with unsold goods valued between $70B and $140B in 2023, driving a shift toward on-demand production models.

Sources

jrscomunicacao.com · kobieta.wp.pl · laopinioncoruna.es · lasemainedansleboulonnais.fr · levante-emv.com · ocio.diariodemallorca.es · web.eldia.es