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Social Goods | $461Bn in Fakes, Chanel and Prada's Secret Supply Chains

Social Goods is a weekly roundup of the most important news at the intersection of fashion and ethics, sustainability and corporate social responsibility.
Handbags at a market in Bankok | Source: Shutterstock
By
  • Kate Abnett

"Trade in Fake Goods Now Worth $461 Billion" (Reuters)
"Counterfeited and pirated goods accounted for up to 2.5 percent of world trade, or as much as $461 billion, significantly damaging companies and state coffers, said the OECD."

"Prada, Chanel, and More Big-Name Fashion Brands Called Out for Secret Supply Chains" (Vice)
"Some of the world's most popular clothing brands, including Forever 21 and Michael Kors, have been slammed by a new report for not being upfront with customers about their supply chains."

"California Minimum Wage Hike Hits L.A. Apparel Industry: 'The Exodus Has Begun'" (Los Angeles Times)
"Los Angeles firms are facing another big hurdle — California's minimum wage hitting $15 an hour by 2022 — which could spur more garment makers to exit the state."

"Is H&M Misleading Customers with All Its Talk of Sustainability?" (Quartz)
"H&M undeniably spends time and money on these programs, and has made very real strides to reduce its impact—which is much more than many other companies have done. So is it fair to take the brand to task?"

"Here's How Adidas Plans to Drastically Cut Down on Waste" (Fortune)
"The world's second largest athletic-gear maker has stopped stocking plastic water bottles for meetings, swapped plastic straws for paper ones, and at a recent global marketing meeting, reused banners to create bags that were needed for the event."

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