Daily LInks
1. Where did Farfetch go wrong? “The cash burn has been too high, they will have to refinance . . . [and] if they don’t secure refinancing soon, survival may not be guaranteed.” – Read More on FT
2. Luxury slowdown prompts fears of inventory pile-up over key holiday season. Conflict in the Middle East added geopolitical uncertainty to a luxury industry outlook already clouded by inflation, with shoppers in the U.S. and Europe tightening their purse strings while expectations for a strong post-pandemic rebound in China were derailed by a property crisis. – Read More on Reuters
3. “Average customer doesn’t care terribly much about sustainability” says LVMH US head. “Sustainability is something we do not because we think our customers care – we do it because it is existential to our business.” – Read More on Dezeen
4. COVID Tested Global Supply Chains. Here’s How They’ve Adapted. The Biden Administration has continued former President Trump’s tariff policies aimed at Chinese goods, while also offering incentives that encourage American companies to bring manufacturing operations back from China. – Read More on HBS
5. The state of supply chain sustainability. Supply chain managers indicated that investors are far and away the fastest-growing source of pressure to improve their sustainability, followed by governments and international governing bodies, corporate buyers, company executives, end consumers, and current and prospective employees. – Read More on MIT
6. What It Actually Takes to Make Your Products More Sustainable. Redesigning your existing SKUs to be more eco-conscious isn’t a simple task–but it is one that businesses of all sizes can successfully navigate. – Read More on Inc.