2020 is in full swing, and trends in the fashion industry are beginning to emerge. Many manufacturers are anxious about what the rest of the year will bring. However, if manufacturers are aware of the upcoming trends, they can prepare accordingly. The following are some projections the industry is likely to see.
Most people don’t view the fashion industry as sustainable. With threats such as climate change, however, many consumers are looking for more earth-friendly options. They will want to stay away from brands that require excessive energy consumption, pollution, and waste. Fashion leaders need to change their ways to appeal to customers. Taking significant steps to reduce their carbon footprint, however, can turn into a powerful opportunity for advertising.
The younger generation leading the current earth-friendly movement has stated that they’re open to paying more for clothing that is safer for the environment. Many believe that sustainability is simultaneously one of the industry’s biggest challenges and opportunities.
Fashion brands are also interested in creating sustainable fabrics that are safer for the environment than today’s harmful materials. Thanks to recently-developed fiber technology and new materials, there are a variety of opportunities. We can expect to see a strong emphasis on material innovation over the course of the year. In fact, sixty-seven percent of industry leaders believe that using sustainable materials is essential for their company’s future. Some companies have already begun creating alternatives to leather with pineapple leaf fibers.
Unfortunately, many fashion executives are feeling pessimistic about the future of the industry. The world is threatened by geopolitical instability and the risk of an upcoming recession. Every world event has a direct impact on the global economy and the entire fashion industry. To combat these risks, fashion leaders have to exercise caution by planning for risks ranging from trade tensions to new policies.
Fashion manufacturers need to stay on top of things by closely monitoring global events. They should also exercise operational flexibility and digitize all the equipment possible.
The upcoming year presents a variety of challenges to the fashion industry. Manufacturers, however, can stay ahead of the curve by keeping a careful eye on current events and becoming more sustainable than ever before.