Business Ethics and Social Responsibility in the Fashion Industry

Today, trends in the fashion industry change at a rapid pace. Consumers like you and I want to wear the latest trends without breaking the bank, typically avoiding things that are considered last season or out of style. To satisfy this want, many successful brands partake in what is called fast fashion. This phenomenon meets the needs of consumers based on the ever- changing fashion industry, but often at the cost of social responsibility. The article below highlights fast fashion and the benefits and consequences it can have on our society.Please read the article and answer the questions below. The article is available at: https://apparelmagic.com/fast-fashion-vs-sustainable- fashion/#:~:text=are%20also%20downsides.- ,Pros,the%20production%20of%20affordable%20clothing. Questions: 1. What is fast fashion? 2. List one benefit and one downfall of fast fashion. 3. Do you think we should continue to produce and consume fast fashion? Explain your reasoning. 4. Do you think it should be mandatory for companies to publish policies on energy and carbon emissions at the company level in the name of transparency? Why or why not? 5. Thrift or second-hand stores are often seen as a more accessible way to be environmentally friendly. Assume you have $100 to spend at either option 1: H&M (or any other favourite fast-fashion retailer), or option 2: Goodwill (or any other local thrift store). Explain why you would choose an option over the other.