HOW CLOTHING FIRMS CAN PREPARE SUPPLY CHAINS FOR THE NEXT CRISIS
February 1st, 2021
FASHION brands and clothing retailers have seen their supply chains struggle under lockdown measures imposed by governments trying to contain Covid-19. The shutdowns, of course, began just in time for 2020’s spring season, causing maximum disruption.
According to consulting firm McKinsey, 2020 was the fashion industry’s worst year on record, with a 90% decline in overall profits and almost three-quarters of registered firms globally making a loss.[1]
But experts say that by using new technologies, shortening supply chains, building long-term relationships ...
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