Endless terror attacks, full-fledged Middle East wars, financial shocks, Brexit, a bruising US election campaign, a tumbling Russia, China's slowdown, Brazil's meltdown, the rise of far-right nationalists in Europe. We live in polarising, tense and turbulent times where geopolitical conflicts, economic crises and social unrest are all contributing to a state of global instability and uncertainty, posing serious and far-reaching risks for an emotionally-driven and interconnected market like fashion and luxury. How should fashion and luxury companies prepare themselves for the unsettling reality of today's state of global instability?
From terror attacks to the threat of Brexit, shockwaves from crises on one side of the world can spread swiftly to the other. Claudia D'Arpizio does the analysis.
Fashion is vulnerable to global instability but businesses can manage and mitigate volatility with a smart, long-term strategy, argue Achim Berg and Leonie Brantberg.