The coronavirus also presents the fashion trade with a chance to reset and reshape the industry’s worth chain completely—and a possibility to reassess the values by which it measures actions. We anticipate that themes of digital acceleration, discounting, business consolidation, and corporate innovation will be prioritized as quickly as the quick crisis subsides. Even after witnessing waves of insolvencies, trade leaders will want to get comfy with uncertainty and ramp up future-proofing efforts because the potential for additional Fashion Update outbreaks and lockdowns loom. As the world recovers from the COVID-19 pandemic, what would be the defining themes in the enterprise of fashion? The fashion industry posted a 20 percent decline in revenues in 2019–20, as earnings before interest, taxes, and amortization margins declined by three.four proportion points to six.eight %. As the pandemic continued to run its course, the efficiency inequalities which have become a problem over latest years …