professional points
reference bank of important data, insights or musings on textiles, circularity, innovations etc
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“67% of cotton exports are highly affected by climate disasters.”
(40 - Business of Fashion, The State of Fashion)
In 2021, the British Fashion Council’s Institute of Positive Fashion addressed the impact of the fashion industry. Their top key target outcome? Reduce the volume of new physical clothing.
good on you • Degrowth: The Future Fashion Could Choose
Typical R&D investment for the fashion industry is <1% of sales, compared with about 10-15% for consumer electronics companies and about 20-30% for pharmaceutical and biotech companies.
(35-Boger et al., “Financing the Transformation.”)
On the other hand, there was a succession of positive news.
For example, in March 2024, Infinited Fiber Company announced that it had completed a US$40 million-plus round of financing from strategic investors including H&M and Fast Retailing.
A few days later, H&M announced Syre, a new recycled synthetics venture in collaboration with the e
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