State Of Fashion 2025. Only 20 percent of executives at international fashion companies believe that. Consumers, affected by the recent period of high inflation, are increasingly price sensitive.
The global fashion industry, a $2.5 trillion powerhouse, braces for a turbulent year ahead, according to “the state of fashion 2025,” an annual report by mckinsey & company in. Economic and geopolitical challenges, combined with shifts in customer values, will define a turbulent year ahead for the global $2.5 trillion fashion industry, according to the.