Fashion is a global industry worth $2.4 trillion dollars (1), which employs around 50 million people (2), and is said to be one of the world’s most polluting industries. Modern Day Slavery is an endemic part of fashion’s business (3), and a lack of transparency and traceability across fashion supply chains is a major challenge. Fashion has the power to make positive change, and collaboration plays an important role to beginning to re-imagine currently damaging systems.
According to Business of Fashion and McKinsey, the global projected value for the fashion industry for 2016, was $2.4 trillion. Due to the accelerated growth of the fashion industry the value is quoted as ‘up to $3 trillion’. The State of Fashion 2016/2017
As of 2017 it was estimated that 50 million people worked in the Fashion Industry. Global Fashion Agenda & The Boston Consulting Group ‘Pulse of the Fashion Industry’ reports suggests that the figure is 60 million people. Global Fashion Agenda & The Boston Consulting Group (2017). Pulse of the Fashion Industry. Boston & Copenhagen: Global Fashion Agenda & The Boston Consulting Group, p.2.
Lake, Q., MacAlister, J., Berman, C., Gitsham, M. and Page, N. (2018). Corporate approaches to addressing modern slavery in supply chains: A snapshot of current practice. [ebook] Hertfordshire: The Ashridge Centre for Business and Sustainability at Hult International Business School