Fashion Revolution and Ethical Consumer have developed a metric to monitor how the fashion industry operates. It's called the Fashion Transparency Index, and it's designed to highlight the lack of openness regarding supply chains in fashion. In this video, Bolanile Maté of Be Better Paris explains how to interpret the index and what its implications might be.
High-end brands such as Chanel and Hermés are on the lower end of the index, indicating that they are less transparent than those on the higher end of the index, such as Levi's.
Many brands (e.g. H&M) have found themsleves under scrutiny for unsafe labor conditions in the production of their clothing, and this index could inspire consumers to question where exactly the clothes on their back came from.
"Of course," Maté notes, "the fashion industry is not loving this."
Watch more videos from Maté on her YouTube channel here.
Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.
Click here to become a part of this growing video network.