![]() In the fashion world, we have been talking about data for many years now and it can only encroach further on our lives. Reshoring, local craft and self-sufficiency are wonderful ideals but what happens to Bangladesh’s 3.6 million textile workers? ![]() And no one has yet come up with a reasonable alternative structure that will work as well. But that same system has also lifted many societies out of poverty and improved life expectancy and education. It’s fine to criticise a system that clearly has faults – greed, inequality, pollution. And that’s before we begin to discuss the latest round in the trade war between China and America. Examples range from Narendra Modi, India’s prime minister, declaring a new era of economic self-reliance to the European Union’s creation of a fund to buy stakes in firms. In 2018, the global value of cross-border investment by multinational companies fell by around 20%, according to figures cited in the Economist, and world goods trade may shrink by another 10-30% this year.Įven though a fractured world will make solving global problems (like finding a coronavirus vaccine, opening borders and structuring international loans) all the harder, nationalism and populism continue to raise their heads. When it comes to deglobalisation, companies have been busy lowering their exposure to countries that carry high geopolitical or health risks for some time. We need to accept that the pandemic and the damage it has done has not necessarily changed the world, but has accelerated trends that were already shaping business. However, one thing is sure: what the consumer is searching for now is security, trustworthiness and clarity. The best prophet, wrote Thomas Hobbes, is the best guesser. So it is to be reset or restoration? No one can answer that question, because no one knows what’s going to happen once the coronavirus has subsided – or when or if we will find a vaccine. As the financial crisis of 2008 showed us, it takes more than hope to change the world. The Financial Times, an establishment bastion, says that “radical reforms – reversing the prevailing direction of the last four decades – will have to be put on the table.” Nature has become the cure-all the unskilled are now the skilled and, after governments subsidised people to stay home, there is serious discussion about a universal income.īut it’s not the first time that we have stared disaster in the face and expected transformation. ![]() The consensus is that the pandemic exposed fractures that were already evident before its arrival: inadequate healthcare systems the inequalities between races and classes the incompetence of some of our politicians disunity not unity the fatal consequences of diminished public services. We have barely hit retail and shopping yet! So have air travel, office work, sport, dating, eating out, cinema and theatre – and that’s just the start. Already, in cities across the world, urban transport and infrastructure have been transformed. ![]() If you believe all that you read, many things will never be the same again after the coronavirus pandemic. This viewpoint has been published in the latest unmissable issue of Textile View Magazine #130, a benchmark publication in the textile fashion RESET OR RESTORATION? Back to articles “Reset or Restoration?” by David Shah, Head of the MarediModa Trend Boardĭavid Shah, world-renowned trend forecaster and head of the MarediModa Trend Board, gives us his vision on the post-covid world. ![]()
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