How can Fashion Brands Enhance Value and Life-Span Extension of Products? An Exploratory Study of Circular Economy in Regard to the Economic Viability of Product Life-Span Extension

How can Fashion Brands Enhance Value and Life-Span Extension of Products? An Exploratory Study of Circular Economy in Regard to the Economic Viability of Product Life-Span Extension
Title How can Fashion Brands Enhance Value and Life-Span Extension of Products? An Exploratory Study of Circular Economy in Regard to the Economic Viability of Product Life-Span Extension PDF eBook
Author Lynn Pearl Mayer
Publisher GRIN Verlag
Pages 94
Release 2019-09-25
Genre Business & Economics
ISBN 3346021343

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Master's Thesis from the year 2018 in the subject Business economics - Miscellaneous, grade: A, , course: Fashion Entrepreneurship and Innovation, language: English, abstract: Awareness of the fashion industry’s harmful impacts that significantly affect the environment and the society has increased enormously, specifically the problem of an ever-growing throwaway culture. This has led researchers and practitioners to find feasible solutions, dealing with post-consumer garment waste. In that respect, the CE has undoubtedly become the focus of current research. Substantial economic benefits are expected to accompany the transition from a linear to a circular economic model. However, there is still a lack of frameworks that explain how companies have to adapt their BMs in order to succeed in a circular environment. Furthermore, the question remains, if this could be economically feasible from a company perspective because the economic model of the fashion industry is still highly linear and its success depends on product obsolescence. Therefore, the purpose of this study is to identify motivations, enablers and challenges of implementing circular strategies and PLE initiatives in BMs, and explicitly exploring the economic feasibility of prolonging the lives of products. To explore these phenomena, pioneers in the field of CE and PLE were studied. The researcher employed an inductive-exploratory case study design that allowed her to investigate the practical implementations of circular approaches and contribute to existing CE and PLE theory. The findings of the cross-case analysis revealed that the transition towards a CE has been voluntary, underlying the companies’ internal motivations and sustainability agendas. External pressures do not play a role at this moment. Circular approaches support the companies’ visions to realise long-term strategies. Despite the higher costs of circular strategies and PLE initiatives, this study found that these have a positive effect on the businesses regarding enhanced customer loyalty and long-term relationships with the customer. The study is one of the first academic studies that investigates the economic feasibility of PLE initiatives from a company perspective. However, the findings of this research cannot be generalised, as the scope of the study and the sample size are constricted. Therefore, further research in this field is required.

Business Models for the Circular Economy Opportunities and Challenges for Policy

Business Models for the Circular Economy Opportunities and Challenges for Policy
Title Business Models for the Circular Economy Opportunities and Challenges for Policy PDF eBook
Author OECD
Publisher OECD Publishing
Pages 114
Release 2019-04-03
Genre
ISBN 9264311424

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Natural resources, and the materials derived from them, represent the physical basis for the economic system. Recent decades have witnessed an unprecedented growth in demand for these resources, which has triggered interest from policy makers in transitioning to a more resource efficient and ...

Waste to Wealth

Waste to Wealth
Title Waste to Wealth PDF eBook
Author Peter Lacy
Publisher Springer
Pages 265
Release 2016-04-30
Genre Business & Economics
ISBN 1137530707

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Waste to Wealth proves that 'green' and 'growth' need not be binary alternatives. The book examines five new business models that provide circular growth from deploying sustainable resources to the sharing economy before setting out what business leaders need to do to implement the models successfully.

Circular Economy in Textiles and Apparel

Circular Economy in Textiles and Apparel
Title Circular Economy in Textiles and Apparel PDF eBook
Author Subramanian Senthilkannan Muthu
Publisher Woodhead Publishing
Pages 238
Release 2018-11-05
Genre Technology & Engineering
ISBN 0081026536

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Circular Economy in Textiles and Apparel: Processing, Manufacturing, and Design is the first book to provide guidance on this subject, presenting the tools for implementing this paradigm and their impact on textile production methods. Sustainable business strategies are also covered, as are new design methods that can help in the reduction of waste. Drawing on contributions from leading experts in industry and academia, this book covers every aspect of this increasingly important subject and speculates on future developments. - Provides case studies on the circular economy in operation in the textiles industry - Identifies challenges to implementation and areas where more research is needed - Draws on both industrial innovation and academic research to explain an emerging topic with the potential to entirely change the way we make and use clothing

Sustainable Fibres for Fashion Industry

Sustainable Fibres for Fashion Industry
Title Sustainable Fibres for Fashion Industry PDF eBook
Author Subramanian Senthilkannan Muthu
Publisher Springer
Pages 171
Release 2016-03-23
Genre Science
ISBN 9811005222

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This book covers all sustainable fibres applicable in the fashion sector and discusses their importance in the context of sustainability. It is the first of its kind to address all the minute details pertaining to these fibres and to connect these fibres with the world of sustainable fashion. It stresses their importance in developing sustainable apparel, since fibres play a major role as the starting point in the life cycle of clothing.

Smart Retailing

Smart Retailing
Title Smart Retailing PDF eBook
Author Eleonora Pantano
Publisher Springer
Pages 118
Release 2019-03-04
Genre Business & Economics
ISBN 3030126080

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By providing a comprehensive theoretical framework, this book aims to map the most relevant technologies that have the potential to reshape the retail industry. The authors demonstrate how technology is pushing innovation, and examine how smart technologies can be fruitfully applied both in-store and through digital channels. The aim of the book is to synthesise theory and practice, and provide a richer understanding of new digital opportunities offered by the ‘smart’ experience. An accessible resource for researchers who want to understand this phenomenon as part of their expertise in digital marketing and e-commerce, Smart Retailing also provides insights for practitioners who are experiencing the dramatic effects of new technologies on their retail strategies.

Chemical Management in Textiles and Fashion

Chemical Management in Textiles and Fashion
Title Chemical Management in Textiles and Fashion PDF eBook
Author Subramanian Senthilkannan Muthu
Publisher Woodhead Publishing
Pages 228
Release 2020-10-14
Genre Technology & Engineering
ISBN 012820494X

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Chemical Management in Textiles and Fashion helps readers understand current pressures on the textile industry surrounding the responsible management of chemicals. The book was written in response to industrial movements like Greenpeace's Detox Campaign and Zero Discharge of Hazardous Chemicals, which have both helped to motivate retailers, manufacturers and regulatory bodies on this issue. Chapters cover the entire supply chain, taking into account the use of chemicals in processing, manufacturing and recycling garments. In addition to environmental sustainability, this valuable resource covers all the main aspects of chemical management, including chemical risk assessments, chemical management systems, and lifecycle assessment. While providing a survey of the latest regulations and standards on chemical management, this book also examines emerging green alternatives to help readers find innovative solutions for sustainable chemical processes. Covers all relevant regulations and certifications for chemical management in textiles Provides technical details on the hazardous chemicals often used in the textile industries Explores a range of safe alternatives Addresses chemical management throughout the textile supply chain