Monday, November 2, 2015
Supply Chain Management
Today I learned that most modern clothing and garment companies' strategy for maintaining a competitive edge is a concept known as "fast fashion;" a process of continuously creating new articles of clothing in order to maintain variety. This concept was coined and is still the primary business model of Zara, but is also used by H&M to a slightly lesser extent and by many other companies. These two companies alone make billions and billions of dollars annually. However, most of these companies utilize Asian labor in order to reduce production costs. Labor in this part of the world is often done with little to no regard for the safety of the workers, the only thought is the cost, as seen by the collapse of a building that was used for industrial manufacturing of clothes despite the fact it was built very poorly for commercial use. I wonder what if any consequences were faced by these corporations in the aftermath of these types of unjust labor or factory disasters.
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