Textile Waste: Strategic Risk And Circular Economy Value
A BCG report warns that textile waste is a major threat to fashion, yet it offers leaders a chance to build resilience, unlock value and stay ahead of rule
A report from Boston Consulting Group (BCG) highlights a critical challenge for modern business leaders: the escalating problem of textile waste.
With discarded clothing reaching 120 million metric tons globally in 2024, the report highlights a fundamental change in consumption that demands a strategic response from the C-suite.
Evolving consumer habits, coupled with rising incomes, have led to individuals purchasing more garments but wearing them less often.
This trend has fuelled a doubling in global fibre production since 2000, creating a complex web of economic risks and opportunities that leaders must now navigate.
