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- We pick up three key themes from McKinsey's State of Fashion 2024 report, analysing AI’s pervasive influence in the industry; the climate emergency and fashion’s future with sustainability; and how brands, retailers and suppliers can prepare for fashion’s economic outlook for the year ahead.
www.theinterline.com › 2023/12/01 › our-take-on-fashions-forecast-for-2024
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Nov 29, 2023 · According to McKinsey’s analysis of fashion forecasts, the global industry will post top-line growth of 2 to 4 percent in 2024 (exhibit), with regional and country-level variations. Once again, the luxury segment is expected to generate the biggest share of economic profit.
Jun 23, 2022 · The fashion industry is currently facing significant economic and geopolitical challenges. Here’s what suppliers and brands can do to adapt and thrive.
By Meagan Duckitt. 8 Jan 2021. 2020 was a difficult year for fashion businesses globally. Consumers became more self-aware, with a more needs-based focus and the pandemic forced a shift in...
- Meagan Duckitt
For the fashion industry, 2020 was the year in which everything changed. As the coronavirus pandemic sent shockwaves around the world, the industry suffered its worst year on record with almost three quarters of listed companies losing money. Consumer behaviour shifted, supply chains were disrupted and the year approached its end
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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.
Nov 29, 2023 · By. 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.
5 days ago · Understand how the COVID-19 pandemic disrupted the global fashion industry. Analyze macro-economic factors shaping the global fashion industry. Evaluate the attractiveness of the global fashion industry. Identify key industry trends post-pandemic.
