Refers to the development of novel concepts and to the evolvement of individual business models and prevalent systems. Innovating business models can be a driving force to re-assess the cadence of the fashion system
and the value of fashion by provoking a cross-industry transition in fashion’s seasonality and by extending garments’ lifespan and lifetime value through e.g., resale or rental models
Is concerned with the incorporation of digital technologies into business processes that can enable
heightened traceability and real-time understanding of processes in the value chain
Is dependent on leadership qualities as well as knowledge and sensitivity of the top management to achieve lasting change. It is based on setting up internal structures that allow
decision-making and taking bold and immediate action without compromising on sustainability ambitions, targets or long-term visions.
Is defined as supply chain visibility that enables the tracking of the social and environmental impact of production. It s a prerequisite for identifying and improving the environmental,
social and financial risks and opportunities of fashion production and can help create a baseline for planning and target setting
To a variety of stakeholders and the wider public is an increasingly strong demand and
represents one aspect of a brand’s value proposition, reporting on targets, strategies, progress and actions.