Amanda Lentini’s Post

"Social entrepreneurship? It can save the supply chain and true luxury Made in Italy." Micaela Le Divelec Lemmi in an interview in FASHION Magazine talks about the importance of social entrepreneurship starting with concrete examples such as the ETHICAREI project, the first made-in-Italy production district guaranteed by the World Fair Trade Organization (WFTO) born from the collaboration of 5 women.  “Supporting the first steps of Ethicarei was the collaboration with the Cooperativa Alice which for years has been working for the inclusion of disadvantaged people in the world of fashion through its craft workshops active in the women's sections of the prisons of Bollate and Monza.” Micaela says: “The goal is to bring this idea of an ethical supply chain to life within technical schools as well, with training programs that qualify for the Made in Italy professions, open to fragile categories but also to new generations.” Read the full article below.

💎 What is at stake for the luxury personal goods market? - According to Bain & Company x Altagamma's latest study, it experienced a slight decline in Q1 2024. The industry' strategies to maintain performance could derive from 3 areas: 1️⃣ Market Polarization: In the rebound period of 2021-2022, 95% of luxury brands saw positive growth. However, only about 66% continued to grow in 2022-2023, highlighting a significant polarization in brand performance. 2️⃣ Regional Variations: Q1 2024 showed contrasting regional performances with Europe showing resilience, while the Chinese market struggled with a subdued consumer confidence and a preference for discreet luxury items. The U.S. market remains cautious due to economic uncertainties. 3️⃣ Gen Z Consumption: Despite a recent slowdown in luxury spending among Gen Z in Q1 2024, their cumulative spending from 2020-2023 was six times higher than from 2017-2019, indicating strong potential despite current economic challenges.

The students from the Energy Accounting and Impact Assessment Methods course take us back into the world of fashion, but this time analyzing the impact of used vs new t-shirts. Let’s dive into it! 😮 The fashion industry is the second most water-consuming in the world and it’s estimated that it generates 10% of CO2 emissions globally. More than 60 million tons of clothes are purchased each year, with more than 50 billion garments used for just one year before being thrown away. 🚮 This analysis examines the life-cycle impact of 9 T-shirts in two scenarios:   1. all t-shirts purchased new at fast fashion shops  2. 6 new and 3 seconhand (via online retailers), reflecting current consumption habits in Italy.   🗺️ The production of new T-shirts is estimated to be 33% in China and 67% rest of the world. The results show that in the case of the purchase of used T-shirts, there is a reduction in the footprint in terms of CO2 emissions, wage expenditure, number of workers and water consumption. 🏭 Furthermore, CO2 emissions and water consumption are strongly concentrated in the country of production rather than in the consumer country, Italy. Production emerges as the most impactful phase in terms of emissions and wages, while transport involves the largest number of workers. 🎓 This content comes from the internal social contest of the Energy Accounting and Impact Assessment Methods course of the degree course in Energy Engineering at the Politecnico di Milano aimed at the students of the course themselves. The course deals with conducting analyses on different aspects of the transition.    The students involved in the creation of this post are: Eleonora Bellini, Alessia Paolini, Valerio Vicano. 🚀🎯💼 eNextGen is a spin-off of SESAM with the mission of bridging the gap between the academia and the private player arena making scientific evidence available to decision-makers.  #FashionImpact #SustainableFashion #EnvironmentalImpact #FastFashion #CO2Emissions #WaterConsumption #TextileWaste #SecondhandFashion #dissemination 

Thanks to Alice Merli and MFFashion for today's interview with Standard Ethics' Jacopo Schettini Gherardini on the current state of #Sustainability in the #fashion and #luxury sectors in Europe. For further information on which brands the Agency is monitoring in Europe, take a look at the European Fashion&Luxury Index, open free and publicly consultable here: https://lnkd.in/d8z6jzHq #ESG #ratings #standards #ethics #complyingwiththefuture

Is luxury by definition ethical? The Italian Antitrust has started an investigation into some companies of the Giorgio Armani and Dior groups for alleged unfair commercial practices. According to the Antitrust, the two well-known fashion brands presented their products as artisanal and the result of an ethical supply chain, when in reality they relied on suppliers who did not adequately pay their workers and did not guarantee adequate health and safety conditions. Thank you Laila Bonazzi for talking about it with me during the interview for Life Gate: “The time had come to put it in writing, what we all know deep down. Everyone who works in fashion in Italy knows the substratum of opaque procurement, very present in the so-called made in Italy production". The title refers to the deep-rooted belief that a luxury good, therefore with a high price, has naturally been produced in ethical and respectable conditions, especially if made in Italy. #sustainability #luxury #fairtrade #ethicalsuppliers #scandal #esg

As Flavio Sciuccati has commented, and with which I've concurred, the importance of this aggregation strategy for Luxury and Fashion brands has a back story for the continued leadership of Italy as the primary creative source for Luxury fashion brands. As we discussed at the IACC Luxury Conference last December, the continuing acquisition by luxury conglomerates of Italian ateliers and related companies, raises the spectre that innovation, and its source creativity, may be compromised by the values and strategies of these mega corporations. Under this scenario, Italian craftsmanship, driven by a unique culture and history, risk being swept into the dustbin of history. Strength through joining together in new aggregated units, still small enough to maintain a unique creative cuture and sustain ESG/CSR values but large enough to compete, presents a solution, a bright, bold step in the right direction! #luxuryfashionlifestyleprofessionals,#luxuryandlifestyles #sustainabilityprofessionals,#Italianluxury

It's fascinating to observe how #blockchain is revolutionizing the #luxury sector. By ensuring product authenticity and transparently tracking provenance, this technology protects consumers from counterfeits while adding value and trust to the luxury goods market. #Blockchain #LuxuryIndustry #Innovation #Authenticity

We prioritize themes like sustainability and ethics at the center of the creative process. It's essential to integrate these values into every aspect of design education. #AccademiaItaliana #Sustainability #Ethics #DesignEducation #Highereducation

It’s impressive to see how the cosmetics industry continues to grow and establish itself as one of the pillars of Made in Italy, with a significant impact not only on the economy but also socially. The fact that the sector recorded a 10% increase in 2024, reaching nearly 17 billion euros, is a strong signal of our companies' ability to innovate and maintain high standards in a highly competitive market.

La moda non solo cattura ciò che i consumatori stanno acquistando, ma anche ciò che stanno pensando di acquistare, offrendo un elemento predittivo particolarmente prezioso in un settore in cui il tempismo è fondamentale.