Extreme weather could cost the fashion industry 65 billion dollars by 2030

Extreme weather has a major impact on the fashion industry. It's not just about warm weather when winter clothes are already in shops, but also disasters in manufacturing countries. Consider, for example, the floods in Pakistan in 2022, during which cotton farming felt the impact. Research by Cornell University and investment firm Schroders now shows that four of the world's largest manufacturing countries could lose 65 billion dollars in income due to extreme weather.