ARLINGTON – A new report published by the Better Buying Institute (BBI) has concluded that fashion brands and retailers are offloading their financial hardships onto suppliers, with a survey of 147 factories across 30 countries highlighting that since demand picked back up, brands have attempted to undercut the prices they’d typically pay to cut costs.
There’s concerns that if brands continue to squeeze their suppliers with low price points, it could jeopardies factory standards, as more than half of the respondents indicated that business profitability is key to providing good working conditions.
