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Business Wars

Fast Fashion | Can Fast Fashion Sustain Itself? | 6

Business Wars

Wondery

History, Business, David Brown, Management

4.613.2K Ratings

🗓️ 18 October 2021

⏱️ 30 minutes

🧾️ Download transcript

Summary

Fast fashion has a crisis on its hands. The industry is wreaking havoc on the environment, and even the execs are starting to notice. Massive amounts of pollution and textile waste have taken a toll on the planet as these shops continue to send runway styles to mainstream markets in record time. The bargains keep consumers coming back for more, but how long can it last? And what will it take to change the habits of shoppers used to getting the latest trends for cheap?

 

To unpack fast fashion and its future, we spoke with Rachel Tashjian, Fashion Critic at GQ, who's written extensively about the fashion world and its relationship with the environment. We'll explore the dilemmas facing the space today, and some of the ways the industry and the consumers are working toward building a more sustainable closet.

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Transcript

Click on a timestamp to play from that location

0:00.0

Hey, Prime members, you can listen to Business Wars Add Free on Amazon Music. Download the app today.

0:06.0

I'm David Brown and this is Business Wars.

0:37.0

The fast-fashion industry has dominated the garment space for nearly 30 years and it's not hard to see why.

0:44.0

The clothes are trendy, cheap and easy to get your hands on. Instead of waiting months for the hottest fashions to come down from the runway,

0:51.0

you can buy the look weeks or even days after it's entered the scene and for a fraction of the cost.

0:57.0

Of course, there's a catch. Consumer costs might be low but environmental costs are through the roof.

1:04.0

The fashion industry makes up 10% of the world's carbon emissions, while also generating an estimated 92 million tons of textile waste per year.

1:13.0

That's raising eyebrows in a $30.5 billion industry that has shops and factories set up across the globe.

1:20.0

The bargains keep folks coming back for more though. How long can it last?

1:25.0

To help us unpack fast fashion and its future, we're joined by Rachel Tashchen, she is fashion critic at GQ.

1:32.0

We'll be talking about the industry as a whole and its impacts on the environment. Plus, we'll dive into a few options for shoppers looking to introduce sustainability to their closets. All that's coming up next.

1:47.0

Hi there, Wondry listeners. Hannah and Sruti here from TrueCram Podcast Redhanded.

1:51.0

Your favourite podcast redhanded. We just wanted to say how excited we are to be included in Amazon Music and Wondry's best podcasts of the year as chosen by their listeners, which is you.

2:01.0

So thank you so much to everyone who listened to us voted for us or the things you do for us.

2:06.0

Any of you out there who haven't checked out redhanded, what are you doing? What are you waiting for?

2:11.0

It's a weekly show where we deep dive into the most talked about cases like the Delphine murders and also those you might never have heard of like the Nathari Child sacrifices in Delhi.

2:20.0

Go listen to Redhanded right now on Amazon Music or wherever you get your podcasts.

2:34.0

Rachel Tashchen, welcome to Business Wars.

2:36.0

Thank you for having me.

2:38.0

It's no secret that clothes from Zara H&M Top Shop and Forever 21 aren't really built to last. Still they hang in the closets of consumers around the world. What makes these fast fashion brands so appealing do you think?

2:51.0

Well, I think part of what's so compelling about them is that they really do reward a trend hungry consumer.

2:59.0

And I think fashion has become you know and shopping as well have really become a form of entertainment for people, you know, getting dressed up is something primarily that's been happening on social media over the past year.

...

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