logo
episode-header-image
Apr 2021
31m 45s

Devising a New Social Contract for Fashi...

THE BUSINESS OF FASHION
About this episode

Fashion has routinely failed the millions of people who make its clothes. What should the industry do to create systemic change?

 

Over the past year, the pandemic has laid bare — and worsened — the stark inequality, financial insecurity and poor working conditions endemic to the global garment industry. This has been driven by years of voluntary self-regulation, outsourced labour, and the pursuit of maximum profits by brands and retailers.

At the BoF Professional Summit: Closing Fashion’s Sustainability Gap, BoF London editor Sarah Kent was joined by Ayesha Barenblat, founder and chief executive of Remake; Ritu Sethi, founder-trustee, Craft Revival Trust and editor, Global InCH; and Anannya Bhattacharjee, international coordinator, Asia Floor Wage Alliance, to discuss how the global fashion industry is failing its garment makers, and what needs to change.

  • Many of the challenges facing the garment industry today are systemic. “The business model, whether luxury or mass market, is set to exploit people,” said Barenblat, also noting that it is mostly women of colour “who make our clothes and bring our fashion to life.”

  • Bhattacharjee said brands need to redress the “extreme imbalance of power” with their suppliers by paying the actual cost of production, producing goods in an environmentally sustainable way, and moving away from the industry’s reliance on overproduction and overconsumption. It is also crucial that brands make good on their commitments to support freedom of association in factories, she added.

  • While the global fashion industry benefits from widespread deregulation, mounting consumer engagement is proving a powerful force for increased accountability. “Consumerism is changing, and I think for the first time we actually have the right period where we can change the discourse from the consumer’s point of view,” said Sethi. Indeed, said Bhattacharjee, “this is a time of opportunity and radical change.”

 

Related Articles:

Fashion’s Humanitarian Crisis

Racism and Inequality Are Stitched Into the Garments We Wear

Brands Say They Want to Keep Workers Safe. Not All Are Willing to Pay for It.

 

To subscribe to The BoF Podcast, please follow this link.

Join BoF Professional for the analysis and advice you need. Get 30 days for just $1 or explore group subscriptions for your business. 



Hosted on Acast. See acast.com/privacy for more information.

Up next
Yesterday
How Fashion Learned to Love The Real Housewives
In nearly two decades since the first “Real Housewives” franchise debuted, reality TV has moved from the fringes of entertainment to become a major cultural force. Today, “Housewives” stars are influencing fashion trends, driving sales, and making inroads into luxury circles that ... Show More
21m 16s
Jul 4
Rachel Scott on the Sensuality of Craft
Rachel Scott, founder of Diotima, has built a reputation for bringing a nuanced portrayal of Caribbean culture to the global fashion stage. Drawing on her Jamaican heritage and global experience, Scott seeks to foreground overlooked craft traditions and champion a narrative that ... Show More
35m 54s
Jul 2
Fashion Tech Boom 2.0
After years of disillusionment with fashion tech, investors are once again excited about its potential, but with a very different mindset to the hype-fuelled boom of the last decade.From AI-powered personal styling apps to virtual try-on tools and personalised search engines, a w ... Show More
27m 56s
Recommended Episodes
Sep 2022
Fashion’s Hottest Jobs
BoF’s workplace and talent correspondent Sheena Butler-Young unpacks how fashion’s labour market has evolved in the past year, and what positions brands are hiring for now.      Background:      As companies confront a potential recession, they’re making changes to the way they h ... Show More
19m 54s
Jan 2021
Ep126 - Misha Nonoo | Sustainability & the Future of Fashion
Misha Nonoo is a New York-based womenswear designer who was the first to pioneer on-demand manufacturing in a move to dramatically reduce environmental impact and improve the way scaling businesses operate. This model sees each garment cut and sewn in response to every individual ... Show More
58m 26s
Apr 2023
Green is the New Black
Clothing recycling along with second-hand and rental markets have significantly decreased waste in the fashion industry. Today in 2050, every garment tells a story. This transparency about an item’s provenance empowers consumers to make responsible choices. At Tokyo Fashion Week, ... Show More
27m 13s
Mar 2024
102) Leveraging Your Slow Fashion Skills To Make Money Beyond Products
For our first-ever Conscious Fashion Collective Membership panel discussion, we discussed a topic that is often taboo in the slow fashion space — money! We believe that financial sustainability is essential for creating a more just, and sustainable, fashion ecosystem with thrivin ... Show More
37m 16s
Sep 2023
Fashion Month Edition: Dora Maar CEO Lauren Wilson on leveraging NYFW's marketing opportunities
It’s a new era for fashion month, where designer collections are just one piece of the pie. As brands across price points and specialties aim to compete in the increasingly competitive retail landscape, more are taking advantage of the opportunity and approaching it strategically ... Show More
19m 54s
Jul 2022
How Skims Took on Victoria’s Secret and Spanx
Kim Kardashian’s ‘solution wear’ line was recently valued at $3.2 billion. BoF correspondent Alexandra Mondalek charts the rise of the brand, and details what challenges lie ahead.     Background:    Founded in 2019 by Kim Kardashian and retail veteran Jens Grede, ‘solution wear’ ... Show More
24m 28s
Jun 2021
Fashion’s new tastemakers
On The Future of Fashion: The Innovators podcast, executive Americas editor Hilary Milnes speaks to Jenny Campbell, CMO of Kate Spade, and PayPal’s Greg Lisiewski on fashion’s outlook led by Gen Z trend setters. Gen Z set industry trends. That’s influenced how Kate Spade shows up ... Show More
24 m
Dec 2023
How to solve fashion’s waste problem
More than a quarter of all clothes made are never actually sold - where do they go?We look into new legislation being finalised by the EU, to try and make fashion more sustainable. There will be a ban on the incineration of unsold goods and each product will need a digital passpo ... Show More
18m 21s
Jul 2019
Purpose, Execution and Building a Successful Business - Ghizlan Guenez
Ghizlan Guenez is the Founder and CEO of The Modist, the world's first global e-commerce platform where luxury fashion brands are curated for women who dress modestly. The need to empower women through choice of attire stemmed from Ghizlan's own needs: working 14 years in private ... Show More
25m 13s
Feb 2024
What's holding back Africa's fashion industry?
The continent's fashion industry holds all the cards to becoming one of the world’s fashion leaders. It has the natural resources, the workforce and a growing middle class who want to wear African brands.However, there are challenges including poor infrastructure, lack of investm ... Show More
18m 23s