1D

Even earlier than the coronavirus disrupted monetary markets, upended supply chains, and crushed consumer demand throughout the worldwide economy, fashion-industry leaders were not optimistic about 2020. The trade was already on high alert, and executives expressed pessimism across all geographies and worth factors in our annual report, The State of Fashion 2020, released late last year. But fast-forward a couple of months, and fashion’s outlook has gotten dramatically and all of a sudden bleaker. In 2021, the COVID-19 pandemic will accelerate trade developments, with purchasing shifting to digital channels and consumers persevering with to champion fairness and social justice. As… Read More