Mckinsey & Company

Why nearshoring is not a silver bullet for the sporting goods industry in 2023

Nearshoring makes sense, in theory at least. For example, the last few decades have seen the apparel sector rely predominantly…

Global fashion industry heading for slowdown in 2023

McKinsey & Company's annual The State of Fashion 2023 report published with The Business of Fashion, highlights how over half…

Can Bangladesh pinch China’s crown as the largest garment exporter? Part 2

Following on from part 1, where we looked at Bangladesh's focus on sustainability, upskilling its workforce and providing a value…

UK Survey: 50% plan to spend less on clothing in next three months

The study from McKinsey explores how current events are shaping UK consumers and overall found almost half of UK consumers…

EU project to handle household fashion waste launched

The T-REX Project (Textile Recycling Excellence) is working with fashion manufacturing companies and brands, including sports brand Adidas and innovation…

Global laws and regulations impacting apparel sourcing

Over the last decade, the apparel retail landscape has changed rapidly and Governments and NGOs are imposing new regulations, legislation…

Fibre-to-fibre recycling at scale could be achieved by 2030

Launching the Scaling textile recycling in Europe—turning waste into value report, co-author Nikolei Langguth, explained during a webinar yesterday (15…

US closed-loop apparel recycling could have $50bn positive impact

The 'Closing the loop: Increasing fashion circularity in California' report, which was developed with fashion brands Allbirds, Gap Inc., Patagonia,…

Significant opportunity to be realised in off-price fashion segment

The “Mastering off-price fashion in an omnichannel world” report from McKinsey says in 2020 the off-price or discount segment grew…

Fashion recovery in 2022 will be offset by supply chain strains

While the overall tone of the report from McKinsey & Co, and Business of Fashion is positive noting global fashion…