Fabric of Change - Opportunities for social innovation in apparel industry

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Fabric Of Change

Opportunities for Social Innovation in the Global Apparel Industry Perspectives May 2017


“There is no beauty in the finest cloth if it makes hunger and unhappiness� Mahatma Gandhi

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Agenda • Global apparel industry trends

• Opportunities for Social Innovation

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Globally, Textiles is a large, complex value chain

worth USD 1.9 Tn at the retail consumption level (~3% of world’s GDP) Global Textile Value Chain (USD Bn, 2015) Fibre1

Yarn1

Fabric2

~ $180 bn ~$220 bn Others Open End 10% 8-10% Viscose 5%

~ $420 bn Airjet 1%

Garmenting & Non Apparel Mfg.3 ~ $780 Bn Technical 10-15% Home 10-15%

Knit 45-50%

PSF 19%

Retail/ consumption ~ $1,900 bn Technical 8-10% Home 8-10%

Ring Spun 45-50%

Cotton 30% Apparel 70-75%

Filament yarn (35PFY 36% 40%)

Apparel 80-85%

Woven 50-55%

1. Includes staple fibre+ filaments; split based on volumes 2. Split between knit and woven estimated based on trade data for fabrics and finished garments 3. Split estimated based on value; market size is estimated at manufacturing prices Source: Datamonitor, Secondary Research, A.T. Kearney Analysis

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While it generates significant economic and social value, it does come at a heavy environmental cost THE GOOD – Economic and social value

7th

THE BAD – High environmental cost

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If fashion industry were a country, it would be 7th largest

kgs of greenhouse gases1

of 2000 liters water of 4 kWh energy 2

60

Million people employed globally

Revenue in $ 60% increase in garments purchased annually +7%

CO2 emissions 4.4

million metric tons1

+77%

2.4

1.714

1.0

2002

2015

2

Environmental cost increasing over years

trillion1 6-7%

1

kg of fabric

2025 forecast

1. World bank and McKinsey reports 2. LCA benchmarking, by Natascha M. van der Velden & Martin K. Patel & Joost G. Vogtländer Source: A.T. Kearney

2015

Water use

Land use

billion cubic meters1

million hectares1

+21%

+8%

3.030

141

170

38

41

2025

2015

2025

2015

2025

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While the industry is growing, not everyone is growing equally Industry is growing …

… so is income disparity

Fashion tycoons – some of the richest men on the planet

While Fashion industry has grown at 10+% (retail) - Wages grew at a meagre 4%1 (Less than even inflation)

Amancio Ortega Bernard Arnault Inditex (Zara) LVMH $86 billion $54 billion

Phil Knight Nike $24.5 billion

Fashion industry contributes a high share of country’s economy % of exports 88%

79%

59%

4.3%

4.6%

2012

2013

3.1%

2014

4.0%

4.1%

2015

2016

4%

Cotton farmers’ suicides in India (~12,000 annually)

52% 18%

Haiti Bangladesh Lesotho Cambodia 1. ILO wage report – 2016-17 Source: A.T. Kearney

YoY % growth of wages in APAC

India

Inhumane condition of workers in Bangladesh have led to high deaths of employees

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Further, future trends likely to make this worse

1

Emergence of fast fashion has led to proliferation of designs and transition of apparel to a disposable item

2

Emerging trend for personalized/ customized products – companies targeting micro customer segments leading to high inventory levels

3

Increasing commoditization of upstream value chain due to oversupply and distance from end customer, squeezing margins

4

More aware consumers – and Increasing preference for eco-friendly and sustainable products

5

Worldwide, apparel companies are moving towards sustainable fibers

Likely to cause more environment al impact

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1

Emergence of fast fashion has led to proliferation of designs and transition of apparel to a disposable item

Yesterday’s Closet

Today’s Closet

• Apparel is a durable item you “use”

• Apparel is a disposable item you “use up”

• Seasonal shopping to fill gaps in wardrobe and replace worn items

• All occasion, buy-now, wear-now shopping to capture bargains + chase trend

• Wardrobe is mostly practical staples with a few special occasion items

• Wardrobe is abundant, eclectic and features many impractical, infrequently worn items

Source: A.T. Kearney

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1

With fast fashion coming in, there will clearly be 3 fulfilment calendars with different lead times Differentiated Calendar by Product Type PLC Start Date

In DC date

X

Typical SC lead times for a Yarn supplier Production

Transit

Long lead time product with steady demand through the season 2-3 months 1-2 months

Normal idea-to-store cycle

3-5 months

Fast fashion cycle Responsive cycle for replenishment/ NPD • Requires committing to styles, fabrics, and reserving capacity and/or producing closer to the DC

Fast fashion 1-2 months

1-2 months

2-3 months Replenishment 2 - 7 days

0 - 10 days

15-20 days A.T. Kearney XX/ID

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2

Worldwide, apparel companies are diversifying products to target micro-customer segments

Case example of Ralph Lauren- “There is something for everyone” Polo by Ralph Lauren Classic men's sportswear at premium ready-to-wear price points

Lauren by Ralph Lauren Women's Better ready-to-wear line

Rugby Preppy, young professional line

Blue Label

Polo Golf

RLX

Ralph Lauren Childrenswear

Women's youthful, premium ready-to-wear

Golf technical performance wear/ sportswear, similar to Polo price points

Athletic apparel

Classic childrenswear for boys and girls, Better ready-to-wear line

Women's R Lauren Collection

Women’s Black Label

Men’s Purple Label Collection

Men’s Black Label

Crown jewel – runway collection, premium/luxury line

Women's premium line

Men's tailored premium line

Men's premium line

Club Monaco

America Living

Chaps

Homewear

Modern, classic urban professional line

First Global Brand Concepts line, JC Penney exclusive (mid-tier dept store)

Classic American, retails in mid-tier department stores

Bed-linen, towels, home accessories and decorations, tablewear

Source: A.T. Kearney analysis, Company webpage and reports, Press search, Citigroup

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2

Strong integration with garmenter required to fulfill the “made to order” products within the delivery times

“Pull” supply chain Order management Order request

Order status update

Settlement

Order fulfillment Order receipt

Ready supplier

Make to order

Shipment request

Shipment process

Technology as enabler

• Trained staff for agile packaging and fulfillment • Fabric cuts and trims already prepped for order

• 3D knitting machines can help in quicker turnaround

• Strong vendor relationships for quick shipment • Express delivery to customer A.T. Kearney XX/ID

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The evolving textiles and apparel industry means four key success factors for tomorrow’s leaders

1

Excellence in product development and new value propositions

2

Strength in brand and customer centricity

3

Flexibility in manufacturing and supply chain

4

Savviness in embracing digital technology

To make all this happen, a world class talent pool needs to be attracted and retained. How can ‘Social innovation’ help in achieving these goals? A.T. Kearney XX/ID

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Agenda • Global apparel industry trends

• Opportunities for Social Innovation

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Creating social impact and sustainability ranks quite high in the priority list for all stakeholders Leading Businesses Say “We established the first code of conduct for apparel manufacturers, ensuring the people who make our product work in a safe environment and are treated with dignity and respect.”

- Chip Bergh, President & CEO, Levi Strauss

“Frankly, I’m not satisfied with where the apparel industry, including Gap Inc., is today on a variety of social and environmental issues. …We’re striking up new partnerships, investing in new strategies and testing new ideas.” - Art Peck, CEO, Gap Inc.

“I’m convinced our new sustainability strategy … will take us closer towards our vision - to lead the change towards circular and renewable fashion while being a fair and equal company” - Karl-Johan Persson, CEO, H&M

1. Nielsen survey 2014 Source: Levi’s, Gap Inc., H&M

55% of global online consumers across 60 countries say they are willing to pay more for products and services provided by companies that are committed to positive social and environmental impact1

Government of India has directed the textile industry to adhere to Zero Liquid Discharge (ZLD) norms. ZLD essentially means that a factory should recycle all its effluents and not release even a drop into the water bodies. The textile industry has urged the union government to make a uniform levy of 5% (lowest slab) on all textile and clothing products under the GST.

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And tremendous scope for collaboration exists as demonstrated by multiple examples Collaboration areas 1

Description

New customer value propositions

Creating awareness and demand for alternative and sustainable fibers within customers

Transparent and responsive supply chain

Transparency in the origin of inputs, and quick, responsive turnaround time

Community empowerment

Empowering the community with jobs, skills, dignity and respect

Close the loop recycling

Recycle the waste produced, follow principles of circular economy

Select examples

2

3

4

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New customer value propositions

1

Companies are developing viable products based on alternative fibers

Alternative fibers

Not Exhaustive

Bolt threads

BOHECO

• Bolt Threads is harnessing natural proteins to create fibers and fabrics with practical uses

• Boheco is working to make hemp a mainstream textile fibre

• Bio-synthetic fabrics like spider silk are being created as alternative to petroleum-based fabrics like polyester, nylon

• Hemp is known to be three times as strong as cotton, biodegradable and very durable

• They are already collaborations with brands like Patagonia for use in their product

Source: Bolt Threads

• They have their own label, “The Hemp Couture”, under which they brand and sell their products

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New customer value propositions

1

Globally many apparel companies are shifting towards sustainable fibers

Select examples

Not Exhaustive

2

1 Patagonia and TENCEL

G-star

• Patagonia , a sustainable clothing brand, is one among many firms to use TENCEL, a closed-loop fiber

• G-star is creating 100% bluesign certified products • All components, including zippers, rivets, labels, lining etc. to be sourced from bluesign certified vendors

• TENCEL is made of pre-consumer waste cotton scraps and wood pulp. Producing TENCEL uses 95% less water than cotton

3

4 C&A

Mango

• C&A has launched their Cradle to Cradle Certified GOLD t-shirts

• Mango has launched its collection called “Committed”, for both men and women

• These t-shirts, apart from being sustainably produced, are safe enough for home composting at the end of use

• The collection only uses environmentally friendly and recycled cotton and recycled polyester, with environmentally friendly inks used for dyeing

Source: Secondary research

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Transparent and responsive supply chain

2

The footprint of Fairtrade India, GOTS certified businesses is increasing; this is improving transparency of the value chain Fairtrade India

Global Organic Textile Standard (GOTS)

Fairtrade certifies farmers and businesses with its Fairtrade mark. This mark acts as a guarantee that the farmers have received a fair price for their crop and that environmental standards have been followed in production

31% 97%

lower environmental impact by Fairtrade farmers1 improved social impact for Fairtrade farmers2

1,39,000

Producers working with Fairtrade

~90-100

Fairtrade certified organizations active in India

GOTS certified fibers contain 70%+ organic fibers. In addition, all dyestuffs and auxiliary chemical inputs meet the defined environmental and toxicology criteria Hazardous chemicals are prohibited

Factories are regularly inspected

14883

GOTS certified facilities in India (highest in the world)

1.4 million

Workers worldwide under GOTS

1. Environmental factors measured include land use, water pollutants, water use, GHG emissions and soil pollutants 2. Social impact as measured by fair wages, income, social cost of child labor, social cost of overtime 3. GOTS press release, 2nd May 2017 Source: Research by Pi foundation, GIST advisory and Trucost

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Transparent and responsive supply chain

2

Fabindia’s operating model has evolved; it is moving to a more responsive supply chain

Artisans Community owned Companies Acted as vendors for Fabindia CoC 1

Artisans

Shareholders and suppliers

CoC 2 … Pre-2015

Benefit: With direct interaction with the artisans, Fabindia’s supply chain will now be more responsive

Post-2015

Pre - 2015

Post-2015

• CoCs acting as middlemen between Fabindia and artisans – CoCs tried to maximize profit by raising process and Fabindia wanted better prices • CoC model was good for social impact, as it made the artisans (CoCs) rich • However, incentives were misaligned between CoCs and Fabindia

• 14 CoCs have been wound up, 2 continue to operate

1. Figures of 2016 Source: Secondary research, A.T. Kearney analysis

• Fabindia has merged with almost all of its CoCs

• Artisans, who were shareholders of CoCs, are noe shareholders of Fabindia post the merger. • By the virtue of being direct shareholders of Fabindia, artisans’ incentives are now aligned with Fabindia. Direct dealing will improve the responsiveness. A.T. Kearney XX/ID

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Community empowerment

3

Mother Earth creates and secures sustainable livelihood for artisans to create apparel and home décor products

In rural India, the most critical thing is regularity of income. And that’s what the artisans get with us] - Neelam Chhiber, co-founder, Mother Earth

Apparel

Overview • Mother Earth was founded in 1994 to tap the market of home accessories produced by rural artisans • They work with marginalized rural communities to provide for their livelihoods • Mother Earth’s products categories include fashion, food (organic and natural), home linen, home decor, furniture and gifts.

Accessories

2000+ 15% IKEA

Rural artisans working with 2 cooperatives Cooperatives’ shareholding in Mother Earth Partnership to sell Mother Earth products across 60+ stores A.T. Kearney XX/ID

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Community empowerment

3

Raymond has launched India’s first branded khadi label – this will further help promote Khadi

Public – Private partnership between Raymond and KVIC

The rise of khadi KVIC revenue from Khadi products ₹ Cr. +58% +23% 5,000

2 cr.

Initial order in 2016 by Raymond to KVIC (Khadi and Village Industries Commission)

98,000 Meters of fabric ordered Raymond will start selling products under the Khadi brand name from August 2017 onwards Other groups exploring khadi forays

1,635

2,005

2015-16 2016-17

2018-19 Target

Khadi products will be sold at over 7000 outlets across the country Khadi to expand through franchisees and e-commerce in the coming years Introduction of solar energy powered charkhas will increase khadi production A.T. Kearney XX/ID

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Community empowerment

3

Anokhi, an apparel chain from Jaipur promotes revival of traditional textile skills through community capacity building Artisan ecosystem • 40 years of producing eco-friendly textiles

Overview

Operating model

• Anokhi is an expert in block printing with vegetable colour dyes • The company develops designs inhouse, samples them and then sends the fabric, dye and the blocks to artisans in the villages who are free to work at home. • 1,000 craftsmen work in conditions of their own choosing while at the same time, providing them with the security of regular work

Common ownership

Anokhi works closely with Jaipur Virasat Foundation that provides capacity building inputs to artisan suppliers on design, techniques, quality control and enterprise development

Creating eco-friendly ethnic brand Commitment to people • Conscious decision to create employment options for women - gets much of its embroidery work done by women's groups • Healthcare benefits for all employees – A crèche within the premises of the factory – Educational support for the children of its employees Source: Company websites, A.T. Kearney

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Community empowerment

3

John Hardy, luxury handmade jewelry brand is committed to its core value of environmental & social sustainability Illustrative “We are always working to do better. We are implementing energy-efficiency programs and evaluating ways to become a carbon-neutral, or even carbonnegative company, throughout all areas of our operations." - Damien Dernoncourt, CEO, John Hardy

• Founded in 1975 in Bali as a collective with local artisans – dedicated to creation of artisan hand-crafted jewellery

Highlights

~1 million

Have planted bamboo seedlings in Bali to offset carbon emissions

Employees ~700 designers and artisans

Community

Environment

Key initiatives

“Wear Bamboo, Plant Bamboo” • Jobs for Life and apprenticeship program: Provide • 10th year of the environmental renewal employment to local initiative- proceeds from the purchase of artisans, financial jewellery in the collection goes to the planting support and of bamboo seedlings. Planted bamboo is then continued used for building design workshops vocational training • Utilize 100% certified reclaimed silver and gold as well as gemstones sourced under best practices

Source: Company websites, A.T. Kearney

400 acres of design

workshop – includes rice paddies & farms; built from lowimpact materials. The property can be returned to rice fields within 3 months Member of the

Responsible Jewellery Council A.T. Kearney XX/ID

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Close the loop – recycling

4

NGOs like Goonj recycle clothes & make them available as needed; they run 2000 initiatives annually across India Select recent campaigns; non-exhaustive “Mata ki chunni” campaign (2017) Recycling ‘Mata ki chunni’ (used in bulk for religious ceremonies) to make lehengas for brides “Look good, Do good” campaign (2016) Partnership with Raymond. It offers free custom tailoring services on a new pair of trousers in exchange for old trousers

• Goonj is an NGO focused on basic necessities like clothing and sanitary pads for rural India

“Your Saree For Dignity” campaign (2017)

• Goonj uses waste and discarded clothing, recycles/repurposes it and distributes it to far flung areas where these clothes can be used.

Goonj recycles old, unused sarees by colleting and redirecting them to women in rural areas

1. The textile recycling industry in Panipat, Asia’s largest textile recycling center, is known as ‘shoddy’ in the local parlance Source: A.T. Kearney

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However, the impact has remained small due to both internal and external challenges Limited budget, and lack of adapted structure key internal challenges

Choosing right partner, operating model considered most difficult by most companies

Question: What were/ are the internal challenges to actively co-create?

Question: What were/ are the external challenges to actively co-create? 89%

81% 65%

67%

61%

60%

Interesting to note that perception of challenges is quite different for various companies 55%

47%

44%

39%

32% 18%

53%

50%

35%

35% 24%

19% 17% 15%

6% 8% No budget Lack of Limited Difficult adapted leadership to find structure/ support strategic talent societal issues

Culture Others preventing external collaboration

Companies not engaged in Co-creation Companies engaged in Co-creation

Source: Opinionway for Ashoka and CO Conseil

Right partner, Operating model

Cultural Size Lack of Others differences differences professionalism

Companies not engaged in Co-creation Companies engaged in Co-creation

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Multi-layered systemic challenges exist before scaling and sustaining social impact in apparel industry Fourkey keybarriers barriers Four Consumer level

• Low willingness to pay – Willingness to pay higher prices for sustainability may be lacking

Consumers unaware or not motivated

• Inertia to change – Acceptance of alternate fibers, longer lead times, lower variety poses a risk

Changing consumption habits is qutie difficult

• Lack of awareness – Lack of fundamental awareness of apparel supply chains and their ethical challenges

Organization level

• Ownership unclear – Sustainability has no owner within a business. Who owns it? CSR? Core business? • Measuring impact – It is difficult to quantify social impact and leverage it for business • High opportunity cost – Sustainable business presents more risk and uncertainty

Industry level

• Complex supply chain– Even level 3 tracking of suppliers may not be enough to be certain of sourcing • Unclear guidelines – Multiple certifications, voluntary compliance, difficulty in regulating global supply chains • System-wide effort needed – Global interconnections mean significant cross-country co-operation needed

Source: Ashoka Foundation, C&A Foundation, A.T. Kearney

Sustainability not yet in the DNA Fast fashion’s current model disincentivizes value-driven economies

Hidden from view Conditions in forests, farms, factories are only visible to a select few

A job is not enough Low-income workers can’t secure long term well-being A.T. Kearney XX/ID

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Scaling up is imperative – to make a real difference

“And” Mindset

• Break the mindset that business and social impact are antithetical Identify co-creation opportunities • Use regulation and a few industry leaders to drive change • Create forums for visibility to social innovators

Prove the concept is self sustaining

• Conduct pilots, demonstrate success • Scale up pilots, tap into collective resources, community capital

Build value chains and capacity

• Think end to end – what is needed to make this a way of life? • Disproportionate focus on the weakest link in the value chain

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