Cost-of-living crisis in major economies dashes hopes for a strong recovery

Last update – June 2023
Business environment risk
Political risk
Commercial risk
  • Reactive, flexible and integrated supply chains
  • Product segments with strong consumer appeal (luxury, sportswear)
  • Capacity to reinvent business models (fast fashion, ultra fast fashion)
  • Boom for personal protection equipment now over
  • Sensitivity to changes in consumer sentiment and income
  • Very strong pressure from a handful of large fashion retailers
  • A growing fraction of consumers relying on the second-hand market
  • Shift away from China for manufacturing proves challenging
  • Bad ESG publicity