As the fashion sector faces the volatility of a dampened economy and declining consumer confidence, the third edition of theThe summit, which will take place at Venice’s Giorgio Cini Foundation on Oct. 24 and 25, is titled “Leading Re-generation” and is organized by Sistema Moda Italia, Confindustria Veneto Est and consultancy The European House — Ambrosetti.
“Neglecting fast fashion today would mean intentionally disregarding a portion of the world, one that is very attractive for consumers,” Tamborini said. “I also believe that fast-fashion players will allow the supply chain to govern the sustainability from a recycling standpoint, whereas the luxury segment will continue to commit to durability and repairability.”
The latter, also in its third edition, analyzed about 2,900 Italian and European fashion companies from a sustainability perspective, especially 374 supply chain entities, 100 of the biggest European fashion companies and 30 global retailers across 775 data points drawn from law drafts and regulations issued by the European Commission and the Organization for Economic Co-operation and Development, or OECD.
“We need to rethink and reinvent the sector to break the direct correlation between size, productivity, marginality and sustainability investments,” Cici explained.
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