The United States Fashion Industry Association (USFIA) released its fourth annual Fashion Industry Benchmarking Study two weeks ago. This was a survey of 34 executives from well-established fashion and apparel brands, retailers, importers, and wholesalers in the US.
While we were nervous to find out the results of the study, we were happily surprised.
According to the study, “industry executives are most concerned about the impact of trade protectionism, risk management, and border adjustment tax proposal”. While these are, without a doubt, worthwhile issues, we were happy to see an increase in employment and a heavier emphasis on sustainability.
“Ethical sourcing and sustainability are given more weight in sourcing decisions, with 87.5% saying these issues have become more important in sourcing decisions today versus five years ago”, Knitting Industry reported.
Furthermore, 68% of those surveyed have more than 1000 employees, including 58% with more than 3000 employees; an additional 19% have 101-500 employees. This showed an increase in employment from the starting numbers, which can be found, and downloaded, here.
Of course, these results should be critically analyzed. For example, what are the companies’ particular goals with respect to sustainability, and what are the working conditions for the additional employees? However, we are happy to know that the conversation around these two important issues is at least growing louder.
Information and quotes accredited to The Knitting Industry.