Alvanon report is out!
The apparel technology company has just come up with an interesting report ‘when caring for people & the planet means profit, how sustainability makes good business sense’ – A report that asks some interesting questions and provides answers too!
Yes, it does ask those sustainably relevant questions and gives answers like “we can all look forward to a future where all brands and manufacturers of scale, sign up to this programme allowing further transparency. Why not make it compulsory for all UK businesses with a turnover of £36m and above to sign up to the SAC Higg Index as well?”
According to the report, the root cause isn’t simply population growth. Statistics show that demand for clothing is increasing by 4.73 per cent annually, outperforming population growth, which is tracking at approximately 1 per cent.
The apparel and footwear industry is now worth US $ 1.7trn and set to grow by an estimated 63 per cent by 2030. This means we must focus on managing overproduction, consumption and waste, in addition to driving more sustainable choices in materials and manufacturing if we are to manage the impact on people and our planet.
Citing a report, ING ‘From Sustainability to Business Value Finance’ (ING, 2018), it says that Revenue Growth (39), Cutting Cost/Efficiency Savings (35), Brand Reputation (30) and Keeping Pace with Competitors on Sustainability (29) are the four main factors driving companies to take action on sustainability.
Answering another question, what skills does our industry need? Alvanon, in partnership with 13 global apparel organisations, surveyed fashion industry professionals on the skill gaps, learning and development needs within the apparel sector. The employees of today expect a career plan and if they don’t get it, they are likely to look somewhere else for work.
The report insists on five pillars regarding sustainability: Your People & Training, Transparency, Privacy, Community Engagement and Process Efficiency.
With the case study of Studio Jux (an ethical Dutch label), the report highlights how best ‘fit’ practice across the supply chain is helping sustain its Nepalese production partners, its customers and its bottom line!