Covid-19 has dealt a heavy blow to the fashion industry.
“We saw fashion screech to a halt around 20 March,” said Lisa Morales-Hellebo, partner and co-founder of early-stage supply chain venture fund Refashioned Ventures.
The shutdown of retail venues and the disruption to supply chains illustrated the risk of globalised structures to many players in the industry, she added.
Airfreight, which used to be a strategic plank for fast-fashion brands like Zara has …
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Source: The Loadstar