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Economic, social and environmental impacts of fast fashion

Think about how many sweaters, scarves and other clothes were given as gifts this holiday season. How many times will people wear them before throwing them out?

Probably far fewer than you think. One garbage truck of clothes is burned or sent to landfills every second! The average consumer bought 60 percent more clothes in 2014 than in 2000, but kept each garment for half as long.

Gone are the days when people would buy a shirt and wear it for years. In a world of accelerating demand for apparel, consumers want—and can increasingly afford—new clothing after wearing garments only a few times. Entire business models are built on the premise of “fast fashion,” providing clothes cheaply and quickly to consumers through shorter fashion cycles, WE Forum reported.

This linear fashion model of buying, wearing and quickly discarding clothes negatively impacts people and the planet’s resources. Here’s a look at the economic, social and environmental implications:

The economics
According to the Ellen McArthur Foundation, clothing production has approximately doubled in the last 15 years, driven by a growing middle-class population across the globe and increased per capita sales in developed economies. An expected 400 percent increase in world GDP by 2050 will mean even greater demand for clothing.

This could be an opportunity to do better. One report found that addressing environmental and social problems created by the fashion industry would provide a $192 billion overall benefit to the global economy by 2030. The annual value of clothing discarded prematurely is more than $400 billion.

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