FINANCIAL TIMES: Can fast fashion’s $2.5tn supply chain be stitched back together?

Press/Media: Expert comment

Release date: 17/5/2020

Description

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https://www.ft.com/content/62dc687e-d15f-46e7-96df-ed7d00f8ca55

This approach went hand-in-hand with fashion retailers encouraging more frequent consumption of cheaper goods — so-called fast fashion — to drive revenue, says Patsy Perry, senior lecturer in fashion business at the University of Manchester. Many fast-fashion brands take in new stock every week. Retailers, she says, have always had the upper hand in their relationships with Asian manufacturers, with demands of retroactive discounts commonplace in the industry. “We hear a lot of talk about partnerships but if a supplier says it cannot agree to certain terms, then the retailer can always go somewhere else,” Ms Perry says.

Media contributions

TitleCan fast fashion’s $2.5tn supply chain be stitched back together?
Media name/outletFinancial Times
Media typeWeb
CountryUnited Kingdom
Date17/05/20
DescriptionThis approach went hand-in-hand with fashion retailers encouraging more frequent consumption of cheaper goods — so-called fast fashion — to drive revenue, says Patsy Perry, senior lecturer in fashion business at the University of Manchester. Many fast-fashion brands take in new stock every week.

Retailers, she says, have always had the upper hand in their relationships with Asian manufacturers, with demands of retroactive discounts commonplace in the industry. “We hear a lot of talk about partnerships but if a supplier says it cannot agree to certain terms, then the retailer can always go somewhere else,” Ms Perry says.
URLhttps://www.ft.com/content/62dc687e-d15f-46e7-96df-ed7d00f8ca55
PersonsPatsy Perry