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The coronavirus additionally presents the fashion industry with a chance to reset and reshape the industry’s value chain completely—and a chance to reassess the values by which it measures actions. We anticipate that themes of digital acceleration, discounting, industry consolidation, and corporate innovation shall be prioritized as soon as the immediate crisis subsides. Even after witnessing waves of insolvencies, industry leaders might want to get snug with uncertainty and ramp up future-proofing efforts as the potential for additional outbreaks and lockdowns loom. As the world recovers from the COVID-19 pandemic, what would be the defining themes within the enterprise of fashion? The fashion industry posted a 20 p.c decline in revenues in 2019–20, as earnings earlier than curiosity, taxes, and amortization margins declined by 3.4 percentage points to six.8 %. As the pandemic continued to run its course, the performance inequalities which have turn out to be a problem over …