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Power imbalance slows fashion’s progress on climate innovation
Yahoo Finance· 2026-01-26 11:09
Core Insights - The report emphasizes the need for equitable partnerships in the supply chain to achieve climate objectives, highlighting a disconnect in tempo and risk distribution that creates power imbalances [1][2][5] Barriers to Progress - Misaligned expectations between industry actors hinder collaboration [2][6] - Suppliers are under-recognized and under-compensated despite their critical role in implementing innovations [2][4] - Low brand commitment leads to a focus on short-term pilot projects rather than long-term partnerships necessary for scaling [6] Opportunities for Improvement - Closing knowledge gaps through open-source sharing among brands, suppliers, and stakeholders to standardize the supply chain [7] - Recognizing and incentivizing suppliers to enhance appreciation for their contributions and establish partnerships [7] - Encouraging pre-competitive collaboration and developing strong business cases to support innovation scaling [7]