People
As the fashion business industry evolves, four fundamental pillars should be considered: the planet, people, profit, and purpose. Although these pillars serve distinct purposes, they must all work together to maintain this planet’s environmental, social, and economic components. Nonetheless, to ensure the aim is working, people who contribute to the fashion industry cycle, such as consumers and workers, are responsible for each of their actions.

Nowadays, fashion brands have shifted their target to Generation Z instead of millennials as their consumer base. “After millennials and Generation Alpha, Gen Z is currently the youngest generation”, according to McKinsey & Company (2023). Moreover, this generation has different approaches and behaviours of consumption compared to other generations. For instance, this generation is called “digital natives” by McKinsey & Company (2023) because they frequently use the internet to obtain information. It is proven from the data in Figure 2 that Gen Z is dominated by 98 per cent of social media users (McGrath, 2023). Hence, Smith (2023) stated that social media channels have become essential for brands to reach, interact with, and market to Gen Z consumers.

Figure 2: Graph of ‘which of the following have you used in the last 3 months?’ (McGrath, 2023).
In addition, the generation is also increasingly concerned about their purchases because of the industry’s effects on the planet and its ecosystems (Hethorn and Ulasewicz, 2015). Adding the data from Mintel, “34 per cent agree that brands should be boycotted if they do not act on social and environmental issues” (Smith, 2023). By this means, brands and designers should consider sustainability in their practices.

Furthermore, according to Francis and Hoefel (2018), Gen Z wanted the fashion brand to be able to improve diversity; this is a result of the truth-seeking mentality of this generation, which values inclusivity and avoids labels. Companies that promote diversity, equality, and inclusion (DEI) internally are perceived as more appealing than those that do not, based on 52% of Gen Z customers (Smith, 2023). Nike is among the brands that have reacted adequately to diversity. For instance, in 2018, they introduced the “Just Do It” Campaign, featuring Colin Kaepernick as its face, urging people to oppose police brutality and fight against racism (Galluci, 2020). Therefore, one of the keys to attracting these younger people is embracing diversity and pushing forward with bold, authentic action to support minority groups.

In conclusion, for a fashion business to succeed, designers and other employees must develop the ability to understand what their clients want and be flexible enough to adapt to the rapidly evolving world of social media and technology.
Bibliography:
- Francis, T and Hoefel, F. (2018) ‘True Gen’: Generation Z and its implications for companies. Available at: https://www.mckinsey.com/industries/consumer-packaged-goods/our-insights/true-gen-generation-z-and-its-implications-for-companies. (Accessed: 14 October 2023).
- Galluci, N. (2020) Nike urges people to stand against racism in striking new ad. Available at: https://mashable.com/article/nike-stand-against-racism-ad-george-floyd. (Accessed: 14 October 2023).
- Hethorn, J., & Ulasewicz, C. (2015) Social Responsibility and Innovation in the Sewn Products Industry. Available at: https://www-bloomsburyfashioncentral-com.arts.idm.oclc.org/encyclopedia-chapter?docid=b-9781501312250&tocid=b-9781501312250-chapter2&pdfid=9781501312250.ch-002.pdf. (Accessed: 14 October 2023).
- McGrath, R. (2023) Social Media: Influencers – UK – 2023. Available at: https://data-mintel-com.arts.idm.oclc.org/databook/1154787/. (Accessed: 14 October 2023).
- McKinsey & Company. (2023) What is Gen Z?. Available at: https://www.mckinsey.com/featured-insights/mckinsey-explainers/what-is-gen-z. (Accessed: 14 October 2023).
- Mintel. (2023) The Future of Consumer Behaviour in the Age of Gen Z. Available at: https://www.mintel.com/consumer-market-news/the-future-of-consumer-behaviour-in-the-age-of-gen-z/. (Accessed: 14 October 2023).
- Smith, F. (2023) Lifestyles of Generation Z – UK – 2023. Available at: https://reports-mintel-com.arts.idm.oclc.org/display/1157485/?fromSearch=%3Ffreetext%3DGeneration%2520Z%26resultPosition%3D3. (Accessed: 14 October 2023).
Image Ref:
- Francis, T and Hoefel, F. (2018) ‘True Gen’: Generation Z and its implications for companies. Available at: https://www.mckinsey.com/industries/consumer-packaged-goods/our-insights/true-gen-generation-z-and-its-implications-for-companies. (Accessed: 14 October 2023).
- Smith, F. (2023) Lifestyles of Generation Z – UK – 2023. Available at: https://reports-mintel-com.arts.idm.oclc.org/display/1157485/?fromSearch=%3Ffreetext%3DGeneration%2520Z%26resultPosition%3D3. (Accessed: 14 October 2023).
- Smith, F. (2023) Diversity, Equity and Inclusion – UK – 2023. Available at: https://clients-mintel-com.arts.idm.oclc.org/report/diversity-equity-and-inclusion-uk-2023?fromSearch=%3Ffreetext%3Ddiversity%2520product%26resultPosition%3D1#workspace_SpacesStore_ef7f6c3b-e327-4508-b670-3356f82a2514. (Accessed: 14 October 2023).
- Galluci, N. (2020) Nike urges people to stand against racism in striking new ad. Available at: https://mashable.com/article/nike-stand-against-racism-ad-george-floyd. (Accessed: 14 October 2023).