Sustainability in apparel industry
Search documents
IAF says strengthening supply chains is an ‘economic necessity’ amid Iran crisis
Yahoo Finance· 2026-03-18 10:54
Core Viewpoint - The IAF emphasizes the apparel sector's potential to influence geopolitical outcomes and stresses the importance of industry resilience and stability in response to the ongoing supply chain crisis caused by Middle Eastern conflicts [1] Group 1: Industry Response to External Shocks - The industry believes that building strong foundations, improving productivity, and reducing waste are essential to handle external shocks effectively [2] - Previous crises have shown that the costs and risks of external shocks tend to be pushed upstream in the supply chain, but manufacturers have limited capacity to absorb rising costs [2][3] Group 2: Sustainable Practices and Energy Transition - The IAF is advocating for a more balanced and resilient system in the apparel industry, particularly in light of the current crisis in the world's largest oil and gas producing region, highlighting the need to reduce dependence on fossil fuels [4] - The shift towards renewable energy is now recognized as a strategic priority for all stakeholders in the apparel sector, including brands, retailers, and governments [5] Group 3: Initiatives for Change - The Apparel and Textile Transformation Initiative (ATTI) aims to promote sustainability and innovation by empowering manufacturers to lead change, with updates expected from pilot chapters in Bangladesh and Türkiye [6] - Strengthening the resilience and sustainability of apparel supply chains is deemed an economic necessity in times of global uncertainty [6]