Maria Eugenia Errobidarte, Senior Consultant at WGSN
It’s the greatest trends agency worldwide. Studies the future and tries to find answers to questions that seem impossible to unravel. How will tomorrow be? The trends? The colors? The materials? In which way will the consumer behave? In which direction should brands go? Maria Eugenia Errobidarte, Senior Consultant at WGSN, will give us some clues.
“The truth is that sustainability is not an option but a necessity. We have to act; we are all responsible. And there’s positive feedback — it’s rewarding to be part of the change” — Marie-Claire Daveu, Chief Sustainability Officer at Kering.
A study from Nielsen Global has concluded that 66% of consumers are willing to spend more money on a sustainable brand. Why is that?
demand for sustainable products that are ethically-sourced, good for the
environment have become key.
Awareness around sustainability hit new highs in 2018, as widespread pressure and high-profile anti-plastic campaigns moved the debate. As a consequence, today, sustainability is becoming the new normal as consumer interest mounts — “sustainable fashion” searches soared 66% in 2018. Meanwhile, global specialty store buyers are expected to almost double their total spend on sustainable fashion over the next five years, from 23% to 40%.
How come less is more?
the constant feed of fashion product from brands, trends are slowing down, with
consumers focusing on their lifestyle and daily uniform.
Fashion has become more about personal style instead of reactionary fashion movements that are typically engineered and directed by high fashion houses.
In addition, the continued media coverage of sustainability, and growing government interest to help the fashion industry become more sustainable are keeping the subject in the news and therefore on consumers’ minds, so there will be increasing pressure for brands and retailers to act and become more driven to core basics and product quality.
How can companies adapt themselves to this new reality? Is authenticity fundamental?
Shoppers are looking for better quality on the high street and are interested in niche ‘slow-fashion’ brands that build transparency, ethics and sustainability into their DNA. Platforms such as Antibad have stepped into this space — the new womenswear online retailer, touted as the “green Net-a-Porter”, recently partnered with musician Ben Howard to create a high-quality, ethical, upcycled merch collection.
Designing for longevity will be imperative and non-negotiable in 2021 and onwards, even if it means increasing prices to incorporate the changes.
Is sustainability just a trend?
is not a trend it’s a mindset impacting business and consumers. The embracement
of new technologies and platforms will help meet growing consumer demand for an
environmentally sustainable future.
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