Ethical Fashion: Risks, Research Plan, and Supplier Analysis Report

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Added on  2022/11/13

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This report delves into the significance of ethical fashion, highlighting its positive impact on the environment and society. It emphasizes the importance of avoiding harmful materials and upholding social and environmental standards. The report addresses the need for research into customer concerns and supplier backgrounds, particularly concerning manufacturers in regions like India, Vietnam, Bangladesh, and China. It outlines potential risks associated with unethical practices, such as brand damage and financial liabilities. The report proposes a research plan, including supplier identification and evaluation based on criteria like existing client lists, corporate governance, and workplace safety standards. The goal is to ensure ethical manufacturing practices, water and energy conservation, and the overall sustainability of the clothing supply chain.
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Introduction – Part 1
It has been widely accepted globally that clothing is safe for both the environment and
the people living out there
It helps to avoid any kind of materials that includes toxins, carcinogens or other harmful
chemicals
The ethical clothing is important, as it is the duty and responsibility of the people to
maintain the social and environmental standards and norms
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Importance of Ethical Fashion
Ethical clothing will save the water for the future generation, which is becoming a global
and important issue in modern world
The wildlife is also getting affected, along with the human race, and if this continues, the
ecological balance will be disrupted
Ethical fashion is a major issue which need to be addressed by the local clothing chain
before investing their bucks on the international textiles manufacturer
The identified manufacturers are from India, Vietnam, Bangladesh or China, in order to
produce a range of fashion shirts exclusively for men
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Additional Research
There is an urgent need for initiating additional research
in regards to the customer concerns of ethical clothing.
Fire incident at Rana Plaza, Bangladesh caused more than
1000 deaths and exposed the insights of the workers.
Additional research is required to gain the larger insights
about the infrastructures and background of the suppliers.
The level and extent of competitive advantages to be
gained by the clothing chain in the later stage can also be
determined by the initiation of the additional research.
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Introduction – Part 2
Ethical fashion prevents the ecological balance in a number of ways
Usage of unsafe chemicals, energy consumption, water shortages and overflowing
landfills will be minim used by usage of ethical fashion
If the local organization is not supported by the research team, then they might have
given the opportunity to manufacture to any of the nation of India, Vietnam, Bangladesh
or China
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Association of Risks
One of the major risks will be in terms of the brand value or equity.
The next risk that might also get emerged will be in terms of
finance due to the fact that emergence of any unethical or
unwarranted incidents will cause the clothing chain to pay for the
compensation as well as legal penalty.
Not undertaking the additional research will also reduce the
control over the outsourced partners.
Without the initiation of the additional research, risk related with
long term business competencies will be evident.
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Introduction – Part 3
The organization requires a plan of research from the research team
First of all, the research team need to identify that whether the international manufacturer
is maintaining the ethical fashion standards and norms or not
It is very important to identify whether the manufacturing organization is using less
water and energy or not
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Plan of Research
A certain plan is required for researching these issues, which
will help to maintain the uniformity in the process.
The first step in the research plan will be the identification of
the suppliers.
The suppliers should first shortlisted among whom the chosen
one will be selected.
Existing client lists, revenue data, corporate governance
standards and maintenance of workplace health and safety
standards and legislations are the few selection criterions
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Plan of Research
Existing client names will be important because it will
portray their trustworthiness and acceptability in the
market.
Corporate governance data will help to identify the
business process and standards being followed by them
along with their operational insights and approach to
environmental factors.
The local workplace health and safety standards of the
host country should be checked and the extent to which
they are being followed by the suppliers.
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