Although textile businesses play a fundamental part in the global economy, future-proofing this somewhat rigid industry with new technologies is no small feat. The good news is that cutting-edge innovations now have more authority than ever before. No longer labelled as gimmicky, these actionable tech solutions represent a real-life potential to change the textile world’s processes, materials, and techniques for the better. Which brings us to the question, how can one become an active shaper in the new textiles economy?

 

A New Mindset Speeds up Implementation

With the pandemic still dictating how we do business, new technologies have become unlikely superheroes. Bringing about a new mindset to the fashion and textile industry, new innovations have been encouraging companies to seize the opportunity to shift their trajectory towards a new textiles economy. But what is the new textiles economy?

Driving positive change during these challenging times, the new textile economy promises long-term benefits built on the reuse, remake, and recycle models. Based on circular economy principles, Ellen MacArthur Foundation’s paper called ‘A new textiles economy: Redesigning Fashion’s Future’, defines the new textile economy as “regenerative and restorative”. Designed to “phase out the use of non-renewable resources”, the new textiles economy can minimise the adverse impact by significantly reducing resource usage during the production, while in use, and after-use phases.

An excellent example of a company speeding up implementation with a new mindset is Nike. Committed to phasing out non-renewable resources, Nike adopted the ‘Rewire’ approach, which is a supply-chain strategy based on “integration, incentives, and innovation”. It was a change that helped Nike propel sustainability to the forefront of their business strategy.