150 billion garments (in fashion industry) are already manufactured per annum, and this number is ex20 Jul 2020 23:42
Fast-Fashion’s future of sustainability
According to the U.S. Congress Joint Economic Committee, the fashion industry reaches up to $1.2 trillion annually. Consumerism, materialism and the desire to keep up with trends drive up the demand for fast fashion. 150 billion garments are already manufactured per annum, and this number is expected to triple by 2050. Simultaneously, eco-friendliness and ethics of the fast-fashion industry raise concerns, and people opt towards sustainable and personalized solutions. AI, robotics, ML, and innovation, in turn, raise the bar for clothing manufacturers and intensify competition. So, what is the future of fast-fashion in this polarized and ambitious environment?
Source: http://www.focusingfuture.com/eco-city/fast-fashions-path-to-sustainability/