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Industry Landscape
Total Assets Under Management (AUM)
in
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( CAGR)
Total Addressable Market
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI Personalization
AI-powered personalization offers tailored clothing recommendations and styling advice, enhancing user experience and driving sales.
3D Printing in Fashion
3D printing enables on-demand production of customized clothing, reducing waste and offering unique design possibilities.
Blockchain for Transparency
Blockchain technology ensures transparency in the supply chain, verifying ethical sourcing and combating counterfeiting.
Impactful Policy Frameworks
California's SB 253 (2023)
The California Senate Bill 253 mandates companies with over $1 billion in revenue that do business in California to disclose their greenhouse gas emissions, including scope 1, 2, and 3 emissions, following GHG Protocol standards.
This regulation pushes companies to be more transparent about their environmental practices and impacts, influencing consumer choices.
The Uyghur Forced Labor Prevention Act (UFLPA) (2021)
The Uyghur Forced Labor Prevention Act (UFLPA) prohibits the importation of goods into the United States that are mined, produced, or manufactured wholly or in part in the Xinjiang Uyghur Autonomous Region of China, due to concerns about forced labor.
This act leads to stricter checks on imported goods and puts more responsibility on retailers and marketplaces to ensure compliance.
California Consumer Privacy Act (CCPA) and California Privacy Rights Act (CPRA) (2018/2020)
The CCPA and CPRA grant California consumers various rights over their personal data, including the right to access, delete, and opt-out of the sale of their personal information, placing obligations on businesses that collect and process such data.
These updates lead to greater data protection responsibilities for companies that collect personal data in California, potentially increasing compliance costs.
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