Search results
The Business of Fashion, Robb Young oversees content from Asia-Pacific, the Middle East, Latin America, Africa, the CIS and Eastern Europe. He is an expert on emerging and frontier markets, whose career as a fashion editor, business journalist, author and strategic consultant has seen him lead industry projects around the world.
- 9MB
- 128
- Inflation and Geopolitical Tensions Loom
- Ten Themes For 2023
- Looking Ahead
Inflation is at the top of executives’ minds for the coming year, according to results from the annual Business of Fashion and McKinsey State of Fashion Survey. They expect that inflation will undercut consumer demand, pushing shoppers to curtail fashion spending or trade down for less expensive products as their energy and grocery bills spike. Fas...
This year’s report presents a difficult outlook ahead, as fashion companies face challenges and revise forecasts downward after an exceptionally strong 2021, per McKinsey analysis of global data in the fashion industry. Inflation and geopolitical concerns dominate the agenda for 2023, negatively affecting both consumer demand and brands’ operating ...
Bereft by global risks and uncertainties, leaders in the fashion industry will need to pay careful attention to macroeconomic and political issues in the regions where they produce and sell their products in the year ahead. They will need to develop risk mitigation strategies that can be implemented quickly as conflicts, fiscal policies, and govern...
Nov 29, 2023 · Imran Amed, Achim Berg. 29 November 2023. Key insights. As a whole, the fashion industry is predicted to achieve year-on-year retail sales growth of between 2 percent and 4 percent in the year ahead.
- On high alert. After an extended period of relatively strong growth, the economic outlook for 2020 appears to be more subdued, with both developed and emerging markets set for a period of retrenchment.
- Beyond China. China offers fashion players an outstanding opportunity, but it is no pushover. Over the past ten years, China accounted for 38 percent of global fashion-industry growth, with the luxury segment taking a lead.
- Next-generation social. There is no doubting the power of the big social-media platforms. Facebook counts around half the world’s population as its customers, and Instagram and WeChat are not far behind.
- In the neighborhood. Consumers are growing tired of constant emails, tweets, messages, and videos. Instead, there is a craving for a simpler relationship with fashion players.
Nov 30, 2022 · The 10 fashion industry themes that will set the agenda in 2023: 1. Global Fragility. Amid the highest inflation in a generation, rising geopolitical tensions, climate crises and sinking consumer confidence in anticipation of an economic downturn, the global economy is in a volatile state.
Jan 9, 2021 · Each of the 10 defining themes from The Business of Fashion and McKinsey & Company’s authoritative annual report, The State of Fashion 2021, examines a major disruption sparked by Covid-19 and outlines how to overcome obstacles on the road to recovery. Illustration by BoF. By. BoF Team, McKinsey & Company. 09 January 2021. BoF PROFESSIONAL.
People also ask
What are the four levels of the fashion industry?
What is the state of fashion report?
What is the business of fashion & Mckinsey survey?
What will the fashion industry look like in the year ahead?
Apr 17, 2024 · The fashion industry consists of four levels: the production of raw materials, principally fibres and textiles but also leather and fur; the production of fashion goods by designers, manufacturers, contractors, and others; retail sales; and various forms of advertising and promotion.
