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However, performance was uneven, as nations with robust healthcare techniques and financial resilience fared higher than others. Among product categories, it was a breakout yr for sportswear, with 42 p.c of positive financial profit in the MGFI index coming from sportswear firms, amid strong growth for Chinese players. From a geographic perspective, China was the standout performer over 2021, as its economy recovered much sooner than these of other international locations.

  • The event will now take place within the subsequent 90 days at Puerto Rico.
  • The fast-fashion manufacturing process leaves a lot to be desired, and items are sometimes thrown away after no quite a lot of wears.
  • In March, the UN launched the Alliance for Sustainable Fashion, which is in a position to coordinate efforts throughout businesses to make the industry less harmful.
  • On the patron side, we foresee the end of ownership, as concerns about sustainability develop and