How current global trends are disrupting the fashion industry

Innovate plans ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

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Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   AN ARTICLE A DAY, PICKED BY OUR EDITORS Businesses all around the world are experiencing disruptions, and those in the fashion industry are no exception. Since the release of McKinsey’s State of Fashion report in December, the war in Ukraine, rising inflation, supply chain issues, the Omicron variant, and more have introduced new challenges. How are the top-performing fashion suppliers and brands responding to these disruptions, and what can the rest of the industry learn from them? Tune into a new episode of The McKinsey Podcast and get informed about how to navigate these challenging times. — Katherine Tam, digital editor, New York How current global trends are disrupting the fashion industry Fashion suppliers and brands, like other companies, are facing significant economic and geopolitical challenges. Here’s what they can do to adapt and thrive. Innovate plans Quote of the Day “When you’re in love with another human, it makes you feel safe, it makes you feel inquisitive, and it makes you feel uplifted. It’s the same cocktail when you’re doing something that you love.” —Marcus Buckingham, a motivational speaker and business consultant, on the relationship between love and work in a recent Author Talks interview Chart of the Day See today’s chart Also New Wake up and see the women: Wealth management’s underserved segment As more assets in Western Europe shift into the hands of women, wealth managers need to understand the investment needs and behaviors of this large—but as yet underserved—group of investors. Take note   Building Black-owned brands to accelerate prosperity Black-owned businesses are crucial to America’s long-term prosperity, but they face long-time challenges. How can McKinsey’s Next 1B accelerator help create a more inclusive environment for Black entrepreneurs? Strength in numbers Proposed climate rule signals new era for real estate The SEC’s draft regulation would require all public companies to disclose emissions and risks related to their real estate. Here’s why the real-estate industry should move preemptively. Be prepared   Follow our thinking Share these insights Did you enjoy this newsletter? Forward it to colleagues and friends so they can subscribe too. Was this issue forwarded to you? Sign up for it and sample our 40+ other free email subscriptions here. This email contains information about McKinsey’s research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. You received this email because you subscribed to the Daily Read newsletter. Manage subscriptions | Unsubscribe Copyright © 2022 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007