➡️Encouraging, but will brands show the courage required to achieve this?
As the #fashionindustry faces increasing pressure to adopt sustainable practices, it's time for us to harness the power of data.
By leveraging data-driven insights, we can revolutionize our operations, ensuring efficiency gains while championing sustainability.
Why #Data Matters:
Enhanced Decision-Making: Optimize resource use and reduce waste.
Predictive Insights: Align production with actual consumer demand, minimizing overproduction.
Transparency and Traceability: Implement Digital Product Passports (DPP) to track the lifecycle of fashion items, fostering consumer trust.
Efficiency Gains: Streamline operations, from supply chain management to consumer engagement, enhancing both sustainability and profitability.
The framework is in place, now together, we can create a fashion industry that's efficient, profitable, and kind to our planet. 🌍👗📈
#digitaltransformation #innovation
How can #fashion brands make money without making new clothes?
This is the question posed by a new initiative from the Ellen MacArthur Foundation (EMF), launching today at the #GlobalFashionSummit in Copenhagen.
H&M, Reformation and Zalando have joined The Fashion ReModel, a new initiative from the Ellen MacArthur Foundation to help brands ‘make money without making new clothes’. EMF has set a roadmap for the project, to try and maximise impact. In the first year, participating brands will tackle #climate and nature impact evidence and finance metrics. Here's everything to know.
Is fashion finally ready to cut overproduction?
voguebusiness.com
Co-Founder & CEO at Faircado - Your second-hand shopping assistant | Co-Founder at Solidartsy | Climate Activist | Top 100 Women in Social Enterprise | Slush Winner '23 | EU Climate Pact Ambassador
6moBioutifoul 😍