Explaining, What are the threats to the fashion/retail industry?

Accounting Sep 12, 2020

Expert Solution

Government and financial resources are main sources of threats to a brand in the fashion industry. Business embargoes, political unrest in an area of raw material supply and economic downturns that lead to restricted consumer spending are all threats to the accessibility of raw materials, brand exposure and name recognition, distribution and consumer purchasing. Fashion industry mostly depends on inexpensive labors which will become very less due to extreme weather deviation.

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