NEW YORK – Apparel companies will have to adapt to sustainability, invest in decarbonisation and increase sourcing transparency to remain competitive, claims a new briefing from global credit rating agency Moody’s. The agency suggests fast fashion and discount brands are most at risk of business transformation as sustainability “becomes more important to consumers.”
It suggests that increasing sustainability scrutiny will create long-term challenges for many global apparel companies’ credit quality and drive value chain transformation.
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