The global fashion industry sharply rebounded in 2021 and much of 2022. But in today’s fragile market, expectations of a continued recovery can downshift quickly. Fashion executives are largely pessimistic about the year ahead, anticipating that a number of challenges will negatively impact their businesses and customers.
In the BoF-McKinsey State of Fashion 2023 Survey, 84 percent of industry leaders said they expect market conditions to…