Fashion brands and suppliers are facing more pressure and increased regulations on how products are made and dealt with at end of life, all while dealing with rising costs. The funding required to innovate and upgrade remains elusive.

Companies are facing more pressure to become more sustainable while remaining profitable — and deep tech can help.

Fashion companies to look at making business models more circular in a bid to reduce supply chain risks.

As fibre-to-fibre textile recycling commitments increase across Europe, as well as the amount of textile waste collected, the infrastructure required to drive the move towards circular systems requires significant investment to scale.

It’s common practice for apparel brands to hop from factory to factory in search of cost savings. This needs to change, but this requires the necessary funding. The Apparel Impact Institute and Fashion for Good estimate that it will take a trillion dollars in global investment to decarbonize the industry. Their new report calls it an investment “opportunity,” but brands are not exactly climbing over each other to get involved.