Social Responsibility Trends in Retail and Apparel – Thematic Intelligence
Social Responsibility Trends in Retail and Apparel Thematic Report Overview
Global economic inequality, and aging populations will shape world demographics in 2030. The year 2022 saw many social issues coming under the spotlight, with growing pressure on companies to act on social responsibility, which looks at a company’s engagement with its workers, customers, suppliers, and the local community.
Social responsibility trends in retail and apparel thematic report provides an overview of world’s demographics in 2030. It focuses on the assessment of impact of social responsibility pressures on the Retail & Apparel sector.
ESG Framework that Summarises the Key Social Responsibility Issues
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Impact of Social Pressures in Retail and Apparel
Consumers value retailers that support social movements, but they must not be seen to be performative. GlobalData’s Q3 2022 global consumer survey found that more than 55% of consumers agree, to some extent, that they want brands to address global social issues, such as racism and sexism. Awareness of these social issues translates into purchasing preferences, as consumers align which retailers they purchase from with their values. For instance, retailers that are perceived to be helping consumers the most during the cost-of-living crisis will experience a boost in their reputations and gain shoppers.
Numerous social problems exist within retailers’ supply chains, with the lack of traceability due to the proliferation of outsourcing an issue that retailers must address, using technologies such as blockchain.
Social media conversations on social responsibility in the retail and apparel industry grew by more than 22% in Q3 2022 over the previous quarter. Sustainability, diversity & inclusion and CSR were key discussion trends.
Major Countries Hiring for Social Responsibility in Retail and Apparel
The key countries hiring for environmental roles in retail & apparel are the US, the UK, Canada, France, Germany, and others. The US is hiring the most for social roles in retail and apparel followed by the UK.
Environmental Trends in Retail & Apparel, by Countries
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Social Responsibility Themes in Retail and Apparel
The key social responsibility themes in retail and apparel are health and safety, product quality & safety, workplace safety, community impact, and diversity and inclusion. Health & safety and product quality and safety are the top social-related hiring themes
Social Responsibility Trends in Retail and Apparel, by Themes
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Trends and Preditions in the Social Responsibility Themes in Retail and Apparel
As retailers take on more social responsibility, they will seek to support consumers through high inflation and the cost-of-living crisis. As retailers take on more social responsibility, they will seek to support consumers through high inflation and the cost-of-living crisis.
Retail Sector Scorecard
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Social Trends in Retail and Apparel Report Overview
| Key Countries | The US, The UK, Canda, France, Germany, and Others |
| Key Themes | Health and Safety, Product Quality & Safety, Workplace Safety, Community Impact, and Diversity And Inclusion |
Scope
- This report provides an overview of world’s demographics in 2030. It focuses on the assessment of impact of social responsibility pressures on the Retail & Apparel sector.
Key Highlights
2022 saw many social issues coming under the spotlight, including global unemployment at 6.2%, gender inequality, 345 million people faced
acute food insecurity in 2022, and children being unfairly impacted by conflict, among others.
Reasons to Buy
- CEOs that are too slow to improve their company’s approach to sustainability will see an exodus of customers and a drop in profits far sooner than they ever imagined. Companies who invest in the right themes become success stories; those who miss the big themes end up as failures. ESG is one of the most important themes for 2023.
Key Players
Table of Contents
Frequently Asked Questions
The US is hiring the most social role in retail and apparel.
Health and safety is the leading social role hiring theme in retail and apparel.
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