Blog: In good company
Leonie Barrie | 14 February 2014
What do Nike and Levi Strauss have in common with the likes of Google, Netflix, General Electrics and other technology and science heavyweights? Well, they've all made it onto the list of the World's 50 Most Innovative Companies by Fast Company magazine in its "annual guide to the businesses that matter most."
Nike, ranked number 7, is hailed "for setting a sustainable example" with products like its 'Making' app, which helps companies measure the environmental impact of using different materials; and its Launch programme, created with NASA and the State Department to accelerate companies developing innovative materials.
Levi Strauss & Co, meanwhile, comes 30th on the list and is singled out for its "reducing, reusing, and recycling" efforts. Its Waste<Less blue jeans are each made with a minimum of 20% post-consumer recycled content, and its Water<Less products use significantly less water to produce. In the autumn, Levi's Dockers brand debuted Wellthread, designed to recycle old material into new clothing and make sustainable apparel cheaper to produce.
But that's not all.
The publication has also rated what it considers to be the companies moving the fashion industry forward in another list covering the World's Top 10 Most Innovative Companies in Style.
Leaders here are led by the Council Of Fashion Designers Of America (CFDA) for giving the fashion industry a conscience with initiatives to help young designers; fashion publication Refinery29; and Editd, the London-based software company that uses big data to analyse the whims of fashion trends.
Also making the list are Farfetch, the retail portal that brings together high-end boutiques from around the globe; and fast-fashion retailer H&M for branching out with new lines and initiatives including upcycled denim.
And it's good news for Gap, which is (finally) getting back in the fashion game with its hiring of Rebekka Bay, the former creative director at Cos, who's influence is starting to show through in products hitting the stores this spring.
Other firms to watch are online wholesale marketplace Joor, and maternity clothing brand Hatch Collection, which "disrupts the dowdy maternity fashion space" with designs women will want to wear.
Increasing competition for garment sourcing contracts is seeing China not only being challenged by other countries in Asia, but by sub-Saharan African and even Russian suppliers too. And it is pushing...
The monthly minimum wage for workers in Cambodia's textile, garment and footwear sector is set to rise to $153 from January next year, following a vote on the issue last week. The increase marks a ris...
The results of two highly-anticipated initiatives in the sportswear sphere were revealed last week: the launch of Under Armour’s new UAS lifestyle brand and the first pair of running shoes created at ...
The recent bankruptcy of South Korea's Hanjin Shipping, the world's seventh-largest container shipper, at the end of August, has left billions of dollars worth of merchandise in limbo, leaving the fal...
- Will new Vietnam wage hinder competitiveness?
- Digitisation to drive new apparel-making models
- Under Armour Lighthouse will disrupt production
- Fashion fit for the future – strategies for speed
- How TAL Apparel is staying ahead of the game
- Marks & Spencer top for modern slavery reporting
- MAS Holdings shares commitment to sustainability
- Gap to shutter all UK Banana Republic stores
- M&S "unappealing" clothing a barrier to growth
- Modern Slavery Act boosts supply chain engagement
- Africa-Med strategic sourcing review – comparing East Africa, North Africa and Turkey
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Apparel (GLOBAL) - Industry Report
- Global Sports and Fitness Wear Market 2016-2020