The global apparel industry experienced a 45% decline in the number of social responsibility-related patent applications in Q2 2023 compared with the previous quarter. The total number of social responsibility-related grants dropped by 55% in Q2 2023, according to GlobalData’s Patent Analytics. The key social themes, commitment details of leading companies to social responsibility, and discussions and hiring activity for social responsibility in Apparel and 15 other key sectors are covered in GlobalData’s Social Responsibility Trends by Sector – Thematic Intelligence report. Buy the report here.
Smarter leaders trust GlobalData
Notably, the number of social responsibility-related patent applications in the apparel industry was 175 in Q2 2023, versus 317 in the prior quarter.
The top five companies accounted for 22% of patenting activity
Analysis of patenting activity by companies shows that NIKE filed the most social responsibility patents within the apparel industry in Q2 2023. The company filed 26 social responsibility-related patents in the quarter, compared with 29 in the previous quarter. It was followed by adidas with 6 social responsibility patent filings, Mizuno (3 filings), and Lululemon Athletica (2 filings) in Q2 2023.
Patenting activity was driven by the US with a 44% share of total patent filings
The largest share of social responsibility related patent filings in the apparel industry in Q2 2023 was in the US with 44%, followed by China (25%) and Japan (7%). The share represented by the US was 3% lower than the 47% share it accounted for in Q1 2023.
For further understanding of GlobalData's Social Responsibility Trends by Sector – Thematic Intelligence, buy the report here.
Premium Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
