The fashion industry needs to think of new and creative ways to tackle its issue of excess inventory and unused fabrics if sustainable goals are to be met, according to GlobalData.
“Excess inventory and how to handle it appropriately is probably one of, if not the biggest, sustainability challenges clothing brands have to face,” said Hannah Abdulla, apparel correspondent at GlobalData. “But equally, it presents a real opportunity for innovation and to make a significant difference in tackling the mounting clothing waste problem globally.”
Some companies are already taking on that challenge. For example, SupplyCompass and technology company Queen of Raw have recently partnered on the Deadstock Library, an online marketplace that matches fashion organisations looking to offload excess fabrics with buyers interested in high quality sustainable and affordable textiles.
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