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The Business of Fashion Podcast

Building Smarter, More Sustainable Supply Chains | Retail Reborn Episode 2

The Business of Fashion Podcast

The Business of Fashion

Fashion & Beauty, Business, Arts

4.6770 Ratings

🗓️ 22 September 2020

⏱️ 33 minutes

🧾️ Download transcript

Summary

In Episode 2 of BoF’s new podcast series, Doug Stephens investigates how supply chains must evolve to meet the novel challenges faced by both the fashion industry and the planet — with guests John Thorbeck, chairman of Chainge Capital, Nina Marenzi, founder of The Sustainable Angle and Dio Kurazawa, co-founder of The Bear Scouts.

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Transcript

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0:00.0

Can fashion retail supply chain be reimagined and rebuilt?

0:05.8

Or are we destined to live in a world where, according to National Geographic,

0:10.4

almost half a trillion dollars worth of clothing becomes landfill each year?

0:15.0

Can the economics and environics of retail ever happily coexist?

0:20.8

I'm Doug Stevens, and in episode two of Retail Reborn,

0:24.8

the Business of Fashion's new podcast series on redesigning the retail industry presented by

0:30.0

Brookfield Properties, I investigate whether fashion supply chain can overcome global disruption

0:36.0

while innovating its practices to reflect

0:39.1

increasingly scarce resources and respecting the people and planetary boundaries it impacts.

0:46.1

The question is, have we traveled too far down this road to turn back?

0:51.2

Or can we redeem ourselves if we act now?

0:57.8

The Oxford Dictionary defines the term Black Swan as meaning an unpredictable or unforeseen

1:04.7

event, typically one with extreme consequences.

1:08.5

Using that definition, it could easily be argued that COVID-19, although extreme in its

1:14.2

consequences, is not a Black Swan at all. In fact, over the last several decades, a veritable

1:20.9

parade of experts has predicted just such a pandemic, and even its likely health and economic

1:27.2

impacts, many of which are now

1:28.9

playing out. The reality is that many nations simply chose to disregard those warnings.

1:36.0

From the belching power stations of China to the burning forests of Brazil, more greenhouse gases

1:42.0

than ever are being added to the air we breathe. New research by

1:46.4

the United Nations Environment Program shows emissions are climbing and the world is lacking the

1:52.1

collective political will to do anything about it. Hardly a black swan. Climate change has been

...

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