Daily LInks
1. Firms are bringing production back home because of the Ukraine war, China’s slowdown — and TikTok: Mentions of “re-shoring” in S&P 500 earnings transcripts were up 128% in the first quarter against the same time a year ago, according to Bank of America — seeing higher growth than mentions of “AI”. – Read More on CNBC
2. Getty asks London court to stop UK sales of Stability AI system: Stock photo provider Getty Images has asked London’s High Court for an injunction to prevent artificial intelligence company Stability AI from selling its AI image-generation system in Britain, court filings show. – Read More on Reuters
3. How — and When — Should Companies Engage in the Political Process? A new set of principles from the Erb Institute of the University of Michigan suggests some guidelines based around responsibility, legitimacy, accountability, and transparency. – Read More on HBR
4. A slew of countries are asking fashion companies to pay for recycling programs as clothing waste becomes overwhelming: Regulators in the US and Europe are waking up to the mounting clothing waste problem that’s clogging local landfills and overwhelming countries such as Ghana and Chile. Increasingly, they’re asking brands to pay for it. – Read More on Fortune
5. eBay Deepens Luxury Push With Streetwear Authentication: The program will start with brands including Aimé Leon Dore, Bape, Fear of God, Kith, Off-White, Palace, Stone Island, Supreme and Vetements. The company plans to add brands such as Adidas, Balenciaga, Burberry, Dior, Gucci, Prada and Nike by the end of September, according to the release. – Read More on PYMNTS
6. Redesigning apparel manufacturing in Asia: A pattern for resilience: Given the hyperinflation in Europe and the United States, big fashion brands have seen a drop in margins of between two to five percentage points in the last year. – Read More on McKinsey
7. Luxury spending focus shifts to travel, savings: 57% of Millennial respondents plan to spend the same or more on luxury in the next three months, down from 64% in the January survey. – Read More on Yahoo
