Global Fashion Industry 2025

McKinsey's report states that due to the influence of China's macroeconomic adverse factors, the global fashion industry will usher in a particularly turbulent and uncertain 2025 in 2025. The brand will focus on the Asian markets outside China, especially Japan, South Korea, andIndia.

It said that people are worried that the long -term period slowing has arrived, and consumers with high inflation strikes are becoming more and more sensitive to prices.

A recent report released by Global Consulting McKinsey's recent release shows that due to the influence of China's macroeconomic adverse factors, the global fashion industry will usher in a particularly turbulent and uncertain 2025.Especially Japan, South Korea and India.

From the perspective of sales, the prospect of the fashion industry in 2025 seems to have continued the weakness of 2024: it is expected that income growth will stabilize at lower single digits.

In the investigation of the current situation of BOF-MCKINSEY's annual fashion industry, the fashion leader interviewed as pessimistic as last year.Only one -fifth of people expect that consumer emotions will improve in 2025, and 39%believe that the industry will worsen.

The report entitled "The Status of Fashion 2025" pointed out that people are worried that the long -term period of cyclical slowdown has arrived, and consumers are affected by the recent high inflation, and they are becoming more and more sensitive to prices: the report states that people have been worried about it for a long timeThe cyclical slowdown has arrived, and consumers are affected by the recent high inflation, which is becoming more and more sensitive to prices.

The fashion industry will benefit from the decline in European inflation rate and the growth of tourism, the recovery capacity of high net worth individuals in the United States, and the new growth engine of Asia.

Next year, retailers will accelerate the reconstruction of the supply chain, and give priority to considering near -shore production and manufacturing in countries with similar geopolitics.

The report said that these supply chains need to become more flexible, and enterprises should strive to reduce excess inventory and minimize the risk of shortage.

The company stated that profit pressure and the pressure of governments around the world in reducing emission and fashion waste will promote the progress of inventory management, and new technologies will help these efforts.

In the end, the climate crisis will still be a powerful driving force for the entire fashion supply chain and consumer behavior.Although it turns out that shoppers are not willing to pay additional fees for Earth -friendly products as they want, which makes the business reasons for sustainable development in the competition of other priority.The continuous increase in climate change costs and the actions taken by the government to cope with climate change means that sustainable development must remain the first place in the agenda.