The Lucy and Yak store in Norwich , where our parent company BizClik is headquartered
SPENDING MORE FOR SUSTAINABILITY
According to PwC ’ s Voice Of The Consumer survey , consumers in 2024 are willing to spend an average of 9.7 % more on sustainable goods , even during a cost-of-living crisis .
Many fashion consumers are fiercely committed to ethical and sustainable shopping , contributing to the success of esteemed sustainable designer Stella McCartney and the rise of new brands like Lucy and Yak .
“ Consumer demand for sustainable products will continue to rise , leading to greater market acceptance and growth of remanufactured goods ,” Andrew says .
“ Companies that embrace these trends and invest in innovation will be well-positioned to thrive in the evolving remanufacturing landscape .”
The barriers to remanufacturing – particularly logistics and supply – all originate within the supply chain . For this reason , fashion manufacturers must build a resilient , well-managed supply chain foundation to pursue remanufacturing successfully as an overarching , long-term strategy .
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