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They are taking into account the 3 pillars to develop strategies. However, they
greatly highlight the environmental and the economic impact it has.
H&M is already developing production processes using organic and sometimes
recycled fibers. The world's population continues to grow and resources will
remain scarce. This leads to a more focused approach to sustainable fashion.
It is social because it depends on the current consumption of people. Millennials
do look for different options than others, and economic because they have very
low costs and costs that are not considered because they do not have data on
the cost of water supply, land and garment contamination.
2. Considering the factors that are driving companies to embrace Sustainability, what
are H&M motivators?
3. Complete a chart and detail in at least three drivers of the supply chain, the
opportunities, or risk mitigation initiatives taken by H&M.
Drivers
The price driver refers to the added value that H&M has in its processes
and in the way that products are manufactured in a careful and
Pricing responsible way with the planet, and with the people involved in the
product life cycle. They seek to give new options, the price would rise
but the targets would be willing to buy due to the differentiation.
Information for a specific product is available. H&M displays its "Product
Sustainability" section on the product page. The following information
can be found: