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Pressure on suppliers needs to be watched if the sector wants to maintain a steady growth trajectory".
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The larger suppliers need to be kept on their toes, and the best way for this to happen is for consumers to switch away if they are unhappy".
But for the focus on social value to have real impact, both buyers and suppliers need to be geared up for the challenges ahead.
Suppliers need to make a profit.
To go beyond this, suppliers need to be incentivised.
Hence, fashion suppliers need to find the right place and right time for supplying garments using either domestic production or global production depending on market's environment.
"Mattel relied on one supplier for 15 years, the supplier to other people for parts.
To be sure, he says, companies need to be careful of liquidity, foreign-exchange exposure and effects on suppliers.
Considering tier one suppliers, which deliver their products to a building site for assembly, manufacturing should be driven according to the demand needed on the building site.
It has also promised to crack down on suppliers that prevent firms from switching supplier.
That leaves putting the screws on suppliers.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com