There is increasing production and demand of electronic products around the globe. Due to such high production and usage of these gadgets, and because of this the demand for luxurious accessories has also increased. Since there is a high usage of smartphones, demand for phone cases, selfie accessories, etc has also increased. Also, users are moving towards luxurious products such as watches, headphones, etc. These products increase an opportunity for complementing accessories, too. A photographer carries a tripod, light frames, studio lights, bags etc, along with them which gives a better output. Thus, such products enhance the usage of a product.

The creative industries consist of a vast array of sub-sectors including architecture, fashion and handicrafts to name a few. It is one of the most rapidly growing sectors of the world economy with an annual growth of 9 per cent globally and 12 per cent in the developing world (Callanan, 2020). It comes as no surprise that the COVID-19 pandemic brought many creative manufacturing and handmade businesses to a halt, affecting both consumption and distribution. Additionally, with the industry’s workforce being one of the world’s largest yet poorest, it’s important to know some of the opportunities for financial inclusion within this space (in this case, something called impact investing).

It is clear that existing systems of production and consumption are unsustainable. The accelerating rate of globalization and trade liberalization with the advancement in technology has altered the landscape of public and private sectors globally. Though companies through Corporate Social Responsibility(CSR) are trying to attain sustainability goals in terms of energy or water consumption, it is paramount to shift focus towards the products themselves. Changing these utilization patterns can benefit a lot from Design for Sustainability. It has scope for product efficiency, an increase in market opportunities, and also decreases environmental input.

The ecommerce market is growing at a fast speed. Consumers are now shopping from high street brands to online brands. Which means many businesses are now working on stepping up and growing their brands. Online shopping is very popular in the UK compared to other countries, ecommerce makes up 36% of the retail market in the UK because of how quickly the market has grown, it is now worth $4.89 trillion.

As we move to the new year of 2022, people have looked further into the future to create a plan to address our carbon footprint. As suggested by the United Nations, we should aim to achieve carbon neutrality by 2050. So how will the fashion industry achieve its side of the bargain while maintaining its marketplace?

An introduction on key factors before you decide on sourcing from south east asia.