Pros and Cons of Fast Fashion

What are the disadvantages and advantages of fast fashion for textile and apparel companies?

Advantages of fast fashion for textile and apparel companies include quick turnouts, lower production costs, and a high demand for fast fashion. Disadvantages include a high amount of waste which contributes to pollution due to unsustainable practices and exploitation of workers.

What are the disadvantages and advantages of fast fashion for consumers?

Advantages of fast fashion for consumers include cheaper prices, convenience and staying up to date on trends. Disadvantages include lower quality garments and contributing to unsustainable practices.

What business practices are instrumental for effective corporate social responsibility?

Environmental conservation, implementing labor policies that benefit the laborers, diversity, supporting local communities and even philanthropic efforts are business practices that are instrumental for effective corporate social responsibility.