Michael Lindhardt Petersen

Want actionable advice on how to tackle the resistance to digital change? Check the first installment of Seamless's 'Ask the Experts' series! We're very pleased that our co-founder Sophie-Therese Lupas was invited to share her thoughts alongside four other experts. Curious about who the other four are? Check out the post ⬇ #digitaltransformation #asktheexperts #3Dfashion

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Do you want to know more about our sustainable brands? Read about the last review we got from TextilWirtschaft Thanks 🤩 https://lnkd.in/d6SNDYvZ #sustainable #sustainablefashion #stores #bestsustainablebrands

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In anticipation of challenges and to seize opportunities, top fashion companies are expected to focus on contingency planning for the upcoming year. A major emphasis will be on controlling costs and inventories while stimulating growth through accurate price management. As we move through 2024 what are your thoughts on the state of Fashion? Let us know in the comments! #fashiontech #bettertomorrow https://lnkd.in/dA5zk23

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Synthetic materials are among the most used fabrics in the textile industry - and, unfortunately, among the most polluting. 🏭⚠️ Resortecs welcomes and fully agrees with the latest report by Textile Exchange, the Future of Synthetics, that sheds light on the current prevalence of synthetic materials and promotes the different opportunities for reducing the industry’s reliance on them. ♻️💡 Read Resortecs’ addition to the 3 proposed steps on how the industry can scale preferred synthetics below. ⬇️ Learn more about Smart Stitch™ and Smart Disassembly™ here: https://resortecs.com/ #Resortecs #RecyclingMadeEasy #Recycling #CircularFashion #SustainableFashion #CircularEconomy #SmartStitch #DesignedForDisassembly #ActiveDisassembly #CircularInnovation #CircularTechnology #NoCompromises #SustainableStyle #FutureofSynthetics #TextileExchange

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The apparel industry in 10 years will be....? It is at a pivotal point, with rapid changes in consumer preferences, technological advancements, and a heightened focus on sustainability. #Nanfang finds these key trends that are shaping the future of fashion and sparking important conversations among industry leaders. 🌱 Sustainability and Ethical Fashion Consumers today want more than just style—they demand sustainability and ethical practices from their favorite brands. This shift is driving the rise of circular fashion, eco-friendly materials, and initiatives to cut down on carbon footprints. How are companies tackling these challenges? What innovative practices are you seeing that promise a greener future for fashion? 🤖 Technological Innovations Technology is revolutionizing the way we design, manufacture, and sell apparel. From AI and blockchain for supply chain transparency to smart fabrics and wearable tech, the possibilities are endless. How is your organization leveraging technology to enhance efficiency and meet customer expectations? What tech trends do you think will have the biggest impact? 🛒 Changing Consumer Behavior Online shopping has skyrocketed, especially post-pandemic, pushing e-commerce to the forefront. Personalization and on-demand fashion are no longer just buzzwords—they're what today's consumers expect. What strategies are you employing to engage and retain this new wave of digital-savvy customers? 🌍 Globalization vs. Localization While globalization has broadened market reach, there's a growing trend towards localization—producing and selling closer to home to reduce environmental impact and boost local economies. How are you balancing these dynamics? What are the benefits and challenges you've encountered? 💬 Join the Conversation We'd love to hear your thoughts on these pressing issues. How do you see the future of the apparel industry evolving? What strategies are working for you, and where do you see opportunities for innovation? Share your insights and let's drive this discussion forward! At Nanfang International, we’re committed to embracing these changes, continuously innovating and striving for excellence in sustainability and quality. Together, let’s shape the future of fashion. #ApparelIndustry #Sustainability #TechInnovation #ConsumerTrends #CircularFashion #SupplyChain #Ecommerce #Localization #FutureOfFashion #apparel

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The fashion industry desperately needs solutions to navigate uncertainty better. Visibility is key. It empowers companies to identify problems earlier and change their plan to avoid, or at least mitigate, the impact of the issue. So how can they improve this visibility to avoid the bullwhip approach? Find out how inventory management systems can profoundly affect companies looking to minimise the impact of supply chain disruptions: https://okt.to/qkHgas #K3 #ERP #retail

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READ ALL ABOUT IT - WE ARE WORTH £60bn: https://lnkd.in/eGymCvH9 for the Fashion Roundtable ORG LTD Fashion and Economic Value Report 2024 is out. Overview of the Fashion & Economic Value Report 2024 Our latest report illuminates the vast contributions of the UK's fashion sector, which generates approximately £60 billion annually—nearly half of the total economic impact from the UK's creative industries. It explores the economic influence, regional growth, and pivotal role in sustainability and innovation of the fashion industry. Here are the key findings and recommendations from the report: Key Findings: Economic Impact: Fashion is the largest of the UK's creative industries, contributing around £60 billion per year to the economy and employing 1.3 million people. Regional Growth: The fashion industry supports regional economies, with notable increases in fashion businesses in Scotland and employment growth in Manchester. Sustainability Challenges: The industry faces significant challenges related to sustainable manufacturing practices and the environmental impact of fast fashion. Recommendations: Prioritise UK Manufacturing: Given the economic contribution of the fashion industry, it is crucial to prioritize keeping and expanding clothing manufacturing in the UK to boost economic growth. Support Regenerative Practices: Introduce tax and financial incentives to support regenerative and sustainable practices, ensuring skilled jobs can be developed to underpin local economies. Increase Responsibilities of Fast Fashion: Implement laws to hold fast fashion companies accountable for their environmental impact, preventing them from skewing the market in a damaging way. Develop Recycling Infrastructure: Work with the private sector to unlock funding and space needed to develop textile recycling centres, creating jobs and supporting local economies. Encourage Fashion Startups: Monitor the success of fashion startups and ensure university curriculums equip students with the necessary business skills to thrive in the evolving fashion industry. Integrate Fashion in Devolved Powers: Consider the role of the fashion industry when allocating funding and powers to devolved areas, ensuring local strategies support regional economic growth. The fashion industry remains a cornerstone of the UK economy, previously the fastest-growing creative industry in the country. Our report provides a comprehensive overview of the current landscape and proposes actionable solutions for leading in sustainability, social justice, increased social mobility, and boosting UK GDP. We urge all political parties to incorporate these recommendations into their post-election strategies. This is a pivotal moment to ensure a sustainable, inclusive, and prosperous future for the UK fashion industry.

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🌟👕 Meet the Future of Fashion Sustainability: ReDress by Reconomy 🌿💼 In the world of fashion, change is not just about the next trend; it's about evolving our approach to sustainability. Enter ReDress by Reconomy, the groundbreaking service designed to redefine how the fashion industry meets the challenges and opportunities of Extended Producer Responsibility (EPR) for textiles. 🚀 📣 James Beard, Reconomy's EPR Guru, shares insight: "As EPR becomes a critical focus globally, we've created ReDress to empower businesses to navigate these waters with confidence and ease. Our service leverages Reconomy's deep understanding of the resource cycle and its vast international network, offering an unparalleled one-stop-shop solution for textiles EPR compliance." Why is this a Game-Changer for Fashion Brands? Seamless EPR Preparation: Get ready for the EPR regulations with a service built on specialist knowledge and global capabilities. 🌍 Strategic Control: Enjoy more strategic flexibility with a comprehensive suite of services, all under one roof. 🛠️ Empowerment: Equip your business to meet environmental responsibilities effortlessly, turning sustainability into strategic advantage. 🌱 Why Now? With the EU setting the stage for mandatory textile EPR and a global shift towards stricter environmental regulations, there's no better time for fashion brands to gear up. ReDress is not just about compliance; it's about leading the charge towards a more sustainable, responsible fashion industry. 📈 Dive into Sustainability with ReDress: Reconomy is here to guide you through this new era, making it simpler for businesses to contribute positively to our planet while navigating the complexities of EPR. 🌟 Let's make sustainability the next big trend in fashion. With ReDress, your brand can lead the way. 🚀👗 https://lnkd.in/e5YK6KVh #Reconomy #ReDress #SustainableFashion #EPR #FashionIndustry #EnvironmentalResponsibility #CircularEconomy

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#regulations It's here, finally! Fashion brands operating in Europe must disclose and will be forbidden from destroying unsold clothes within two years of the new rules coming into force. The Ecodesign Regulation in the EU was yesterday confirmed that unsold fashion and apparel are no longer to be thrown away or disposed. This is the set new environmental standards for the design and disposal of products that we were advocating for many years and solving it with #impactshopping. A quick recap: Audit. Requirement to audit suppliers and logistics partners, starting with companies of over 1,000 employees or $480M turnover. Goals. Companies covered by the regulation will need to lay out plans for how they intend to meet global goals to limit climate change. Quality. Clothes and footwear sold in the EU will need to be more reusable, repairable, upgradable and recyclable And here comes a cherry on the cake directly relatable to the mission and passion of our team: 𝐃𝐢𝐬𝐜𝐥𝐨𝐬𝐞 𝐮𝐧𝐬𝐨𝐥𝐝. Companies will be required to publish details of unsold products each year. 𝐁𝐚𝐧 𝐭𝐨 𝐝𝐞𝐬𝐭𝐫𝐨𝐲. Fashion brands operating in Europe will be forbidden from destroying unsold clothes within two years of the new rules coming into force. Now that the regulation is here, let's discuss how to comply, and enhance both environmental and business performance. Cheers to EU! Go, #sangrove! #sustainablefashion #sustainableretail #unsoldgoods #impactshopping https://lnkd.in/eSgy4TNz

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Addressing unhealthy consumerism requires a shift towards sustainable practices, ♻️🌱 greater transparency, and a cultural change that values quality and longevity over quantity and trendiness.

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Fashion brand Esprit filed for #insolvency under self-administration yesterday for its European business. This is the fashion brand's second insolvency in four years. The operation with 1,500 employees will continue until further notice. The aim for the insolvency under self-administration is to restructure Esprit's European business, which is largely managed from Germany, and to reposition it for the future. To this end, all options for viable future solutions will be explored quickly. Before the insolvency application was submitted, Esprit reported that negotiations were held with an investor, allegedly that would be the British financial investor Alteri, which also owns the CBR Group with the labels Street One and Cecil. This investor had expressed interest in significant parts of the assets of the Esprit companies as part of a continuation concept. Negotiations regarding the acquisition of the trademark rights for Europe by this investor would already be at an advanced stage. As a supplier, it is extremely important to properly claim your rights and to determine your legal position, especially regarding a retention of title. A number of creditors have already contacted us and are being serviced by our own legal department and lawyers in #Germany. #insolvency #bankruptcy #fashion #creditmanagement #retentionoftitle #tradecreditinsurance IAF: International Apparel Federation | TGSD Türkiye Giyim Sanayicileri Derneği | Danish Fashion & Textile | Creamoda Belgian Fashion | MODINT | GermanFashion Modeverband Deutschland | Gesamtverband der deutschen Textil- und Modeindustrie e.V.

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How big is the consumer attitude-behavior gap for sustainability in fashion? More and more importance has been placed on sustainability among customers, especially in the younger generation. Yet, fast-fashion brands are still gaining more and more customers. There seems to be a consumer attitude-behavior gap when it comes to sustainability in the industry - consumers claim they believe sustainability is important, yet their consumption habits do not necessarily align with these values. Studies have been done to determine the size of the gap to demonstrate the phenomenon. One study found that 65% of consumers said they would buy environmentally friendly, but only 26% lived up to this. Another study showed that 64.1% are willing to pay more for sustainable fashion, and 68% thought it was “fair” to do so, yet 71.5% of respondents still shopped at fast-fashion stores. Why is this the case? These are the reasons identified by academics: 🔎 Lack of availability - there might not be enough readily available options in the market. 👎 Unsatisfactory ethical options - available ethical products might not be attractive or good enough. 👯‍♀️ Social norms - some consumers feel obliged to keep up with trends. Fashion is highly linked with gaining acceptance, which can be more important than ethical consumption. ❓Insufficient transparency and legitimacy - consumers struggle to stay informed, in part because of greenwashing. 💰 High prices - another major pain point is pricing, as ethical clothing is oftentimes more expensive, hence customers opt for cheaper alternatives. What do you think is the way forward to closing the consumer-attitude gap? Let us know down below👇 #sustainablefashion #circularfashion #startup

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𝗙𝗹𝗮𝘀𝗵 𝗜𝗻𝘀𝗶𝗴𝗵𝘁 👉 Luxury Apparel LVMH continues to take significant market share over its competing peers across Europe with Tommy Hilfiger and Hugo Boss competing for second place. However looking at it on a per-country level reveals a much more nuanced story, with each country manifesting its own competitive dynamics. For example, Ralph Lauren in France, Christian Dior in the UK, and Gucci in Italy are fighting for that second place. Get in touch for more insight into share of wallet, market share and spend band insight at a pan-Europe and per-country level in the Luxury Apparel space. https://lnkd.in/ep2f7Fgk #LuxuryApparel #ConsumerInsight #MarketIntelligence #AlternativeData #TransactionData #EuropeanSpend

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Varner’s Commitment to Sustainability Continues  We are proud to present our latest Sustainability Report for 2023. Building upon previous editions, this report offers insights into our ongoing journey towards a more sustainable future for fashion. This report, spanning over 176 pages, provides a detailed account of Varner's efforts to integrate sustainability into our operations. By sharing insights and initiatives, Varner aims to inspire progress and encourages others to join the journey towards a more sustainable future. Explore Varner's latest Sustainability Report to learn more about our ongoing efforts and vision for a more responsible fashion industry. https://lnkd.in/d5r3huc3 Some highlights from the report:  ✔ Varner’s Scope 3 emissions per MNOK revenue were reduced by 22% in 2023 compared to the base year of 2019.  ✔ Varner’s central warehouse and distribution center were powered by 100% renewable energy.  ✔ Varner signed the Pakistan Accord agreement and recommitted to the International Accord in Bangladesh by signing the new agreements.  ✔ 73% of Varner’s own brands’ fibers were preferred fibers in 2023.   

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>>>Explore 6 key topics that are on top of our list<<< The Future of Fashion Brands: Key Topics to Watch in Q3+4 2024 As we look ahead to the second half of 2024, several emerging topics are set to preoccupy fashion market leaders. Here are some key topics that we regularly engage in with our customers: Economic Resilience Again, as all business is and always will be a numbers game, the last years have increasingly shown that resilience is king. Economic uncertainties require financial flexibility and solid go-to-market strategies. The optimal mixture of lean management and the right outsourcing partners in R&D capabilities, sourcing, and market multiplicators enables brands to navigate market fluctuations and remain competitive and profitable. Overall Speed & Market Timing The fashion market is highly competitive and globally interconnected. A sense of urgency is vital. Brands must adapt quickly to global trends and enter new markets and market opportunities with full force. Being prepared with solid sourcing and production strategies and being financially flexible helps to grab opportunities for growth and innovation when they present themselves. Technological Advancements AI, 3D Design, and the Internet in general are revolutionizing fashion. Brands must look for performance levers that create personalized, efficient, and transparent supply chains, enhancing overall performance and consumer trust. Sustainability and Ethical Production Consumers are increasingly prioritizing sustainability. This trend allows brands to innovate with eco-friendly materials and ethical production methods, positively impacting both the environment and brand reputation. Analytics & R&D & Design This is pretty much another Tech-related topic… Customers seek brands that align with their values and offer unique, customizable experiences. Leveraging market research and data analytics helps brands stay ahead of trends and effectively meet consumer demands. Regulatory Pressures Stricter environmental and labor regulations are driving the need for responsible innovation in fashion. Brands that stay compliant while pushing sustainable practices will gain a competitive edge. Embracing these topics offers exciting opportunities for brands to innovate, grow, and lead the fashion industry into a sustainable future.

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【Leading Change: Unveiling Our 2023 ESG Achievements🌍】 We are thrilled to share key highlights from our 2023 Environmental, Social, and Governance (ESG) Report. At High Fashion, we are committed to innovation and sustainability, which is evident in our latest initiatives and achievements. This year, we have made significant strides in product development by incorporating more #sustainable and #recyclable materials, enhancing both the quality and environmental friendliness of our products. We are proud to announce a 29% reduction in our carbon footprints and 58% in our water footprints, alongside achieving a remarkable 56% water reuse efficiency rate, underscoring our commitment to #environmental stewardship. Beyond our environmental initiatives, we have focused on fostering a #safe and #supportive workplace, ensuring that our employees thrive. In our communities, we have actively contributed over 500 volunteer hours and enhanced educational support, reinforcing our dedication to social responsibility. These efforts reflect our ongoing commitment to not just meet, but exceed, ESG standards, creating a positive impact that resonates within and beyond our organization. High Fashion now invite you to join us on this journey of continuous improvement and impact. Read more about our journey and commitments in our full ESG Report linked in the comments below! #Sustainability #Innovation #ESG2023 #CommunityEngagement #EnvironmentalImpact #SocialResponsibility

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The dominance of fast fashion is undeniable, but it doesn'thave to spell doom for other apparel retailers. Here are some key strategies to consider: ➡ Focus on Quality & Value: Fast fashion prioritizes speedover quality.Highlight your commitment to well-made garments that last longer, offering true value to customers. ➡ Embrace Transparency: Consumers are increasinglyconcerned about ethics and sustainability. Showcase yourresponsible sourcing practices and commitment to workewell-being. ➡ Cultivate a Brand ldentity: Develop a distinct brand voiceand aesthetic that resonates with your target audience. What makes your clothing unique ➡ Offer Exceptional Customer Experience: From personalized recommendations to a seamless online shopping experience, prioritize customer satisfaction. ➡ Leverage Technology: Utilize data analytics to understand customer preferences and optimize inventorymanagement.Consider offering omnichannel experienceslike click-and-collect. What are your thoughts on how apparel retailers can staycompetitive? Share your insights in the comments! #NKM #fashion #fashionretail #sustainability #fashionindustry #tasrahltd #retailstrategies #sustainablefashion #slowfashionmovement #customerexperience #branddifferentiation #supplychainefficiency #omnichannelretailing #apparel #apparelsourcing #fashionmarketing

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Fashion retail is complicated. Rolling buying, multiple sales channels, fluid trading calendars, the list goes on. Managing your product in this complex environment is becoming increasingly daunting, resulting in decision fatigue and costly mistakes. We help you ensure your Buying Cycle is fit for purpose, not just now but in the future. With 30 years of experience, we are here to help you navigate to the right solution for you. We've been there, so we get it! #aiinretail #ai #fashionretail #fashiontech

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