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🌐 On 21-23 May, the #GlobalFashionSummit 2024 Edition took place in Copenhagen and was hosted by the Global Fashion Agenda, where some of the most important players in the fashion industry discussed sustainability in the fashion industry. If you didn't get the chance to discover what was discussed at this event's conference, keep reading and discover the key takeaways🔽: 🔄 Transition from Linear Business Models to Circular business models: The fashion industry must change its mind about promoting circular-based business models instead of the current selling-more business model. 🤝 Collaboration as a Key Solution: Authorities, fashion brands, textile retailers, supply chain suppliers, or ONG must work together to define new strategies to promote real changes which involve all the fashion industry players and new business models where everyone benefits. ♻️ Boosting Recycling: The textile industry must invest and implement new recycling technologies to attract fashion brands. Current numbers about textile products' recycling are worrying; just 1% of old garments are actually recycled. 💡 Investing in Innovative Materials: Circular-based fibres can accelerate the fashion industry's transition to a circular economy. Together with new recycling innovations, investing in materials is one of the most important areas to invest in changing the textile industry. ℹ️ Increase Transparency: Transparency is one of the most important circular principles, so brands and retailers must increase their products and processes transparency for consumers and authorities. 🚀 Empowering Consumers: Consumers' Role in fashion's circular transition is vital. The more educated and environmentally-conscious consumers will increase sustainable product demands, boosting circular-based brands. 🧠 Changing Industry's Mindset: Due to the climate emergency, the industry must act urgently. It is not about empty promises or sustainable marketing slogans, our planet needs changes and real actions to reduce carbon emissions and other environmental-damaging consequences of our impact. 🛑 Stopping oversupplying and overconsumption: One of the most polluting practices of the fashion industry is oversupply and overconsumption. This situation causes tons of textile waste which must be reduced. ⚖️ Sustainability Regulations: Authorities must regulate unsustainable practices to fight against them. For example, the EU planned the Strategy for Sustainable and Circular Textile, emphasising designer responsibility and ecodesign requirements for durability and repairability. At Recovo, we are always up-to-date with the latest textile industry news. We invite you to join our Circular Fashion journey and discover more about how the industry is transitioning to Circular Economy.

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