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McKinsey on Bringing Fashion Back from 2020’s ‘Great Depression’ – Sourcing Journal

There’s no question that 2020 presented a multitude of never-before-seen challenges for the fashion industry—and those hurdles proved too high for a number of brands and retailers to clear. But according to Achim Berg, McKinsey’s apparel, fashion and luxury global leader, 2020 wasn’t just a lost year—it was the worst period the sector has seen…

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