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FAST FASHİON, fast-fashion-6d4aa773355b42c69c545bef9c9747a1 - Coggle…
FAST FASHİON
Origin/When it started
When Zara landed in New York at the beginning of the 1990s, people first heard the term 'fast fashion'. It was coined by the New York Times to describe Zara's mission to take only 15 days for a garment to go from the design stage to being sold in stores.
Types /Specification
This philosophy of quick manufacturing at an affordable price is used in large retailers such as SHEIN, H&M,]Zara, C&A, Peacocks, Primark, ASOS, Forever 21, and Uniqlo.
Advantages of Fast Fashion
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Fast fashion's benefits are affordable prices and instant gratification for consumers, more profits for companies, and the democratization of stylish clothing.
Solution/Results
According to an analysis by Business Insider, fashion production comprises 10% of total global carbon emissions, as much as the European Union. It dries up water sources and pollutes rivers and streams, while 85% of all textiles go to dumps each year.
We can do for solve it Buy second-hand,Organize a clothing swap,Rent clothesGo shopping in your own closet,Shop local,Invest in timeless pieces,Change your habits,Look for sustainable materials,Opt for ethically made clothing.
Disadvantages of Fast Fashion
On the downside, fast fashion is also associated with pollution, waste, the promulgation of a "disposable" mentality, low wages, and unsafe workplaces.
For example after the truth emerged, Nike admitted that it employs Syrian children as workers in Turkey.
Definition
Fast fashion is a term used to describe the clothing industry's business model of replicating recent catwalk trends and high-fashion designs, mass-producing them at a low cost, and bringing them to retail stores quickly, while demand is at its highest.
Slow fashion is an aspect of sustainable fashion and a concept describing the opposite to fast fashion, part of the "slow movement" advocating for clothing and apparel manufacturing in respect to people, environment and animals.
The main characteristics
Fast fashion describes low-priced but stylish clothing that moves quickly from design to retail stores to meet trends, with new collections being introduced continuously
Cause & Effect
What does fast fashion do to the environment?
Plastic fibres are polluting the oceans, the wastewater, toxic dyes, and the exploitation of underpaid workers. Fast fashion is big business, and while the environmental costs are rising, experts say there is another way: a circular economy for textiles.
Timeline
Fast fashion was coined in fashion retail to describe the quick turnover of designs that move from the catwalk to current fashion trends and became extremely popular in the early 2000s
Future Predictions
So, Just How Much Growth Are We Talking About? The global fast-fashion industry jumped from $91.23 billion in 2021 to $99.23 billion in 2022 for a Compound Annual Growth Rate (CAGR) of 8.8%, according to the Global Market Report. By 2026, it's projected to grow to $133.43 billion for a CAGR of 7.7%.
