Part 3
Measuring the State of Circularity in the UK Fashion Industry
Executive Summary
40
Introduction
Part 2
Conclusion
Part 1
3 Sharing learnings and consolidating value flows
When breaking new ground, knowledge is power. Retailers must share operational learnings and consolidate their volume flows to manage the operational complexity in circular initiatives. Such shared practice will reduce the barrier to entry for new retailers and ensure volumes are viable yet manageable. Through shared communication channels, retailers will be an enabler in this space and will benefit through increased confidence in the implementation of their ideas. When collaborating retailers should be mindful of market segment differences, to ensure any processes are tailored and relevant. Successful collaboration will tap into the operational differences of the circular business models.
Resale
• Support initiatives to simplify the process of re-sale. • Engage with third-party resale organisations to consolidate volume flows.
Takebacks
• Consolidate reverse logistics supply chains.
Credit: E.STOTT
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