tv The Cost of Everything RT April 20, 2023 2:30pm-2:59pm EDT
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the situation for the remaining 3rd, i haven't done this commitment to support to see what is equilibrium. don't see to the front, the delay. read them against very strong super bowl company. hope all of that are willing to support africa labeling. i've done africa. i woke up with my, the web in 15, susan, i do hunting, didn't do what i was when it was. i'd also more you know, alongside to buy well the question to me was planned out. what was it you did them in a while to come and you want to washington says it will continue to supply weapons to taiwan. but taught us officials declined to speculate on if or when the chinese military might invade taiwan. oh, a united states plays a major strategic role in the,
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in the city with 375000 personnel. there is a vast network of operations that extend from hawaii all the way to india. ah, we've talked a lot this year about the growing threats we face from the ccp. they've triple defense spending in a decade. and that's what they admit to. oh, [000:00:00;00] a, what's most alarming is the increasingly provocative actions. president z has taken in recent years, pushing out china's borders with new defense agreements and military bases,
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and for nations illegally building militarized islands and try to limit freedom of navigation in the south china sea, threatening our allies in the region when they worked with us. and cozying up to putin in the toller and other tyrants. a gotten to the point where these foreign ministry is now seeking to intimidate the speaker of the house and other members of congress, just for supporting democracy and self determination for the people tawan. oh,
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a cmc manufacturers 90 percent of the advance global supply of advance semiconductor shifts. if, if china invades and either owns or breaks us, we're in a world of hurt, you know, globally, it congressman, it almost sounds like the case that would be made in the 60 seventy's and eighty's or by america was spending so much money and military resources in the middle east oil was so important for the economy is, is this sort of the 21st century version of that? i think it's about democracy and freedom. blue moon. that's all for now. be sure to check out our t v dot com for all the latest breaking news and updates. we'll see you next time.
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ah. social media has given birth to many trends from viral make. a looks to crazy shopping halls and insane challenges like the infamous tortillas lab. but it has also given rise to fast fashion as these influences need to rotate outputs quickly . in order to keep up with their content. fast fashion refers to clothes that are designed quickly and cheaply to keep up with trends. things like czar forever 21 h and, and she and, and others. and while. 7 historically, fashion trends lasted about a decade. the cycle is now much faster lasting, only 3 to 5 months. i'm christy i and you're watching the cost of everything we're today. we're going to be looking at the fast fashion industry and the true cost of
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this fast paced life cycle and how it affects production to the environment. mm. ah, fast fashion is quite distinct from other retailers as these be tell us design, produce and deliver fashion goods to consumers in significantly less time given their agile supply chains. fast fashion retailers, legs are on h a. m r generating successful financial results when compared to non fast fashion retailers are only generating 7 percent profit margins. fast fashion retailers are 16 percent profit margins more than doubled, that of comparable stores. so how did they achieve such high margins? well, fast fashion aimed to reduce the processes involved in the buying cycle and lead times for getting new products into stores to satisfy customer demand at its peak.
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because the markets are changing rapidly, the success or failure of the stores is largely determined by the organizations, flexibility and responsiveness. first, the agents for fast fashion companies are always scouting out new fashion, trends, clubs, and social scenes. when they find something they like, they quickly sketch it, send it out to design studios, and garments can be designed and sent out to stores in a matter of 4 to 6 weeks. this fast turnaround is achieved in several ways. companies like czar by large quantities of only a few types of fabrics, just 4 or 5 different types, but they can change it year to year. they do all the garment design and cutting and dying in house, so that the process is condensed. each design is made in a short production run in order to create scarcity of the given design and generates a sense of urgency to buy while supplies last. this way,
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it can also manage excess inventory. she n as also juggernaut and the fast fashion space. it doesn't work with very large factories, but instead relies on small to mid size workshops that pick up orders daily. it is very much like an over system where new orders are always coming into factories, owners, phones, and when, when they receive an order, it is incredibly efficient with over 6000 clothing factories. styles are optimized with she and internal software which connects to its entire business from design to delivery. and it contains very simple design, specifications that help manufacturers execute new orders quickly. a big brand might need a very high end designer or a designer with top technology. and even then may only be able to produce $20.00 to $30000.00 a month, but shan does not have high design requirements. so a typical university student could get started designing quickly. and because of
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the variety of styles that she and demands suppliers that have already have a range of production capabilities and function more like a factory, have an easier time working with the company. this agile business model has allow the company to persevere through a number of challenges from worsening tensions between the u. s. and china. global supply chain slowdowns and the ongoing pandemic. whereas are on the other hand, typically as manufacturers to turn around minimum orders of 2000 items in 30 days. she and asked for as you, as a 100 products and as little as 10 days. in both cases, factories need to be highly nimble in order to compete in the fast fashion space and satisfy the short trans cycles. so now let's bring in doctor patsy perry, author, researcher, and fashionista. so patsy, past fashion has always been a trend now with the popularity of instagram and tick tock. do you see this trend
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going anywhere or will the industry just continue down this path because it is so convenient and affordable? yes, as question has really influenced the entire fashion industry really in terms of speeding up product life cycle, speeding up the rate of change on the number of trends that we're, we're seeing and that we buying into whether that's kind of low market level luxury designer. i think everyone really is now producing too much, which is leading to consumption and not keeping things very long. the cost and the price is a major part of a consumers decision when they evaluate what to buy. how can a consumer be attracted to a say durable piece of clothing that cost $5.00 times more than a fast fashion piece? that is often an easy impulse buy. is really hard, isn't it? because we often don't see the extra value of something that's more expensive. and
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often now we're seeing some of the fast question retailers offering and brands offering some kind of sustainable collection and sustainable casual ranges. so that when you see something this 5 times more expensive, you don't know, you know what the extra is paid for. and obviously for a lot of people struggling with the cost of living increases and so on, you know there's, there's only so much that you can stretch to, to purchase. and i think being offered low price products. it's, you know, it resistible business, it's really hard to find the same though. i'm not going to buy the, i'm going to save up and buy few best things. it's just so easy to get into that cycle of buying lots of cheaper items. and often, you know, not everyone's able to save open purchase that one thing. it's not always accessible to people who so what are the margins like for fast fashion companies versus traditional fashion companies? are they more profitable these days? to be honest, i couldn't comment on the margins, but i think it's really
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a case of just selling more stuff and making your revenue based on the volume. so you're selling a lot more items at lower prices, a rule, but the volume of things that you sell being that you're making that march in that way. and often they're made of, you know, cheap hop ricks cheap, the manufacturers, a quality your ability. longevity is not built into them. so they, they, they pay to be quite cheap. you know, if we look more carefully at them, sometimes the fabric construction is not so, you know, elegance and, and so on. so you know, they really are made for, for pennies. when the economy, the way it is and people starting to save and consume less, people are going to be spending less on impulse buys and discretionary items like clothing. what companies do you think will be the most impacted fast fashion or traditional fashion companies?
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i think that, you know, when, when the purse strings are being tightened, you know, we can't always afford to spend on those kind of mid market companies. so it may be that actually, or you can afford is to, you know, replace clothes for yourself or the kids sorts hefa by buying from those fast russian companies. but i think people will be little more discerning and they will be looking for things that i can the last because they can't afford it to buy something just to i want for a night out. but they're going to want things that they can maybe style in different ways, and then it's going to work for, you know, day we're going out and so on. and they might be a little bit more discerning about, you know, the quality of things that it can wash well and you know, kids not going i, so grab them or destroy them too quickly. thank you so much patsy. patsy will be joining us after the break, but when we come back, while fashion is cheap for the consumer, the long term cost on society can be very expensive. we'll explain more after the
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break. i ah, ah. named buyer began it's colonial and encouraged the white colonists to the hero and nama tribes rebelled against german colonial rule. kaiser wilhelm the 2nd was fully determined and ordered to suppress the rebellion with the utmost severity against the inhabitants of nam may be a germany through it's 15000 well equipped army. all around the country concentration camps were built. in humane medical experiments over citizens were conducted within the period of 4 years. the germans killed up to $60000.00 people,
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among which there were 80 percent of the hero tribe. and 50 percent of the nama tribe. the events in south west africa are called the 1st genocide of the 20th century, and not without reason are compared to the holocaust just 2 decades later after the massacre in nam may be a hitler's assault unit put on the same brown colonial uniform which push the world into the chasm of the 2nd world war mm mm. i to business with key washington. keep up with us for good. are you guys is diploma. so could i use it because you one
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was with what should your support, superficial, that did you do? you probably so huh. but usually the youth because that would be to ah, so what we've got to do is identify the threats that we have. it's crazy confrontation, let it be an arms race is on often very dramatic development. oh, so i'm going to resist. i don't see how that strategy will be successfully, very difficult arm time to sit down and talk with welcome back. we're discussing the cost of fashion a while fast fashion is cheap for the consumer. the long term cost on the society
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can be very expensive. something as basic as buying a t shirt can directly impact someone half way around the world and the chemicals that are used to die, the fabric, polluting the waterways. the human environment program claim that the fashion industry is the 2nd highest for water consumption and makes up approximately 8 to 10 percent of global carbon emissions. clothing production is ari at an all time high with brands like zora producing over a $140000000.00 garments a year. and with zora. you know that if you don't buy it right then and there, within 11 days, the entire stock will change. and because the price are so low, you'll probably end up buying it there and have immediate gratification. take talk has played a large part in these company success were haul videos, which depict people showing off new pieces are immensely popular. these trend, the pieces will likely fall out of style quickly as fast fashion companies
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sacrifice quality for inventory. this means that these items will unlikely survive more than 10 wash cycles before falling apart. on top of that, most cheap clothes are made of synthetic fibers, like nylon or polyester that are created from oil or cold. they won't be composed for hundreds of years and one washed. they release tiny, microscopic pieces of plastic which find their ways into the oceans. and even our bodies, on average, a piece is worn 7 times before being discarded or given away to charities that won't take them anymore. this also means that the majority of these close and up in landfills currently approximately 85 percent of textiles are discarded in the us. only about 13 percent of clothing and shoes are recycled and globally, we are expected to discard more than a 134000000 tons of textiles annually by 2030. that means that
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$100000000000.00 worth of materials is lost every year as less than one percent of textiles produced for clothing is recycled into new clothing. fast fashion has also called ethical problems in developing nations like gonna, the u. s. textile waste has created a salvage market in recipient countries like gonna where they can re purpose clothing. however much fast fashion is so cheap and of poor quality that it simply cannot be reused. this ends up polluting ghani, and marketplaces, beaches and dumps. and in order to make clothing as cheap as possible, the fashion industry harness the cheap labor in countries such as cambodia, my m are vietnam and bangladesh. and in fact, bangladesh as minimum wage is one of the world's very lowest, as we just continue to rise in china. so it has increasingly become an attractive place to make close. it is now the 2nd largest garment export in the world. and
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today, 97 percent of apparel and foot where items are made overseas, where cheap labor is exploited. and for more let's bring in again dr. patsy perry, author, researcher, and fashionista. so patsy, what is the average wage for sowers and garment manufacturer? workers in these countries, i think you can find something like a proportion of you know, how, how much money does say missed is, are make per 2nd compared to how much he's worked making a year. i'll maybe have a homebound and find something for you. but i don't know that there's a global average because it depends on the country, but it's, it's very little. now it looks like a lot of clothing manufacturing has moved out of china. so what is kind of replacing its capabilities with, say, china, asynchronous economies developing the, you know, the evolving, it's more of a knowledge based economy and they don't want to be making cheap, dirty, fast fashion anymore. you know,
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that's maybe what they started out asked. but now they said that the work is the more skilled the younger generation don't want to work in a factory side behind say machine all day. they want to be working and i had off face to electronics or, or something like that. so those industries will then move on to the next cheapest place or they'll move kind of in latins but you know, china such a big country fuel. but she's quite in land. it might take a long time to get to put it out to the portal. the, the airport however, it's not always make sense to kind of move that around the move to another low cost labor country. and they don't want to be bringing all that pollution to their country, making stuff either for domestic consumption offer you know, of export. because really, we've kind of externalized all about pollution to other countries that produce the governments for us. and as fast fashion production lend itself to other industries like the toy industry, are we going to see cheaply manufactured products like toys and plastic goods
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proliferating? i guess we would have done yet, but i think the tide is turning and you know, people are seeing the negative in of too much plastic al, you know, we have lots of cheap throwaway, plastic things. so many countries we see in a plastic bags carry bikes, get out of fashion, plastic straws stick, disposable cutlery, and so on. because it all finds its way into the environment, the, you know, that the waterways and so on. and it's never good. is it? so i think that the tides, the tide will turn. and also if you're buying things to your case, you don't wanna, you know, buy tea cheap because you don't want it to break him in a heart, your child or whatever. so think you might be more conscious if you're buying things for the children that you do want to have that certain level of quality, your ability. safety is really important in terms of how it's made and what is made from. and now how should consumers think about the true cost of fast fashion,
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given all the widespread environmental and social impacts? i think we need to question why things to say cheap and you know what the reasons are for it being so cheap. but it's normally because somebody or some think he's paying the cost for that. whether it's work in the factory, in a lower labor cost country, whether it's the environment being polluted because there's no way to, to really make things well and make them up such a low cost. so i think we just need said, if we're able to just be a little bit more discerning and try to buy your best to things really be a bit more conscious about what we're buying and making sure that we, we kind of buying it, not just about 11 less, you know, the best way really to kind of think about what you already have tried to make more of what you already have. how can you, where things in different ways. because certainly in the u. k wardrobes bulging with and warm clothing and yet we still cannot stop shopping. and it's really
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thinking about how you can maximize the effectiveness, submit the use of a few existing war trip rather than just buy more will new stuff. but i was quite hard today because all of the marketing messages about tempt me to buy more new stuff, you know, even 2nd hands consignment, retail sites, that the email marketing is always about. come on, have a look when you collections and so on. so it's really hard to kind of re call from us and, you know, we look at what's in your water ape and try to make more use of fast. and even though consumers are aware of these costs, do you think it is enough to change consumer behavior when fast fashion is just like fast food, cheap and convenient? its gotten worse because it's faster and more, there's more of it. so there's much more choice now as of now you've got all of the online, super fast, all flash retailers, as well as the ones with physical stores. so really the, the original ones,
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dora haitian them for over 21. even. you might say they're kind of like slow read a fast fashioned retail because to the online ones like shine, who and so on. there's so much faster, so much more responsive to what's happening in the market place. and i have a huge amount of data that they can use from being online and seeing what people are buying, what they're searching for, what gains people, baskets, and so on that it would be harder to get that information through a physical store. so they, they have the advantage really making small runs and, you know, testing lots of new designs, you know, society and consume, increasingly holding, you know, believe that the route to account really. and nobody wants to fill in my backyard. and equally, it's not right to have these landfills in other countries that, that always have a lot choice about what, what is some back? so i think it's increasingly distasteful answer people, you know, asking,
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so the better behavior from, from these problems. i don't, the legislation is coming up in many countries, but it really we can't rely on voluntary action from corporations, but it needs to be legislated, but things are getting straighter. so i do have hope and i think, you know, consume us material. good, do not bring eternal joy and happiness. we know that's anyway. we still buy into it, but it's ready by experiences. you know, relationships with friends, with family experiences. you know that you're going to night trove locked down. so it's not really about buying laser laser more new stuff. it's, it doesn't really make you happy to. so i think when you can win yourself off of thoughts, you can actually save a lot of money that you might have been wasted by new shopping every week or every month for buying stuff that really needs you don't get lost, you start off on. so, you know,
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channeling about money into other activities. thank you so much patsy. for joining us today. the fashion industry has been stagnant for quite some time, but fast fashion has employ 300000000 people globally and has grown to a 1.3 trillion dollar industry. the fashion industry is complex and there's no central figure to blame for the perceived injustice. in fact, much of it is actually consumer driven, as customers are the ones willing to pay 76 percent of full price. so to deliver on what the consumer wants, fashion brands need to find ever more creative ways to cut costs, reduce wages, and set harsh terms for production, which leads to rampant labor abuses at the garment. factories. suppliers are also squeezed so hard financially that they are incentivized to cut costs in any way
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possible. however, change is coming to the fashion industry. as a handful of brands are shining, the spotlight on a more sustainable model. these brands like patagonia, market, durable clothing and accessories made with sustainable materials. patagonia market this brand to make consumers aware of the downsides of fast fashion, and instead encourages customers to purchase less and only when needed. other brands are working towards a circular system of production and consumption by taking customers closed back and putting them to new use or making them out of a 100 percent recyclable materials. i'm christy. i thanks for watching and we'll see you back here next time on the cost of everything. ah,
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what else seemed wrong, i just don't. i mean you have to see proud disdain, because the attitude and engagement equals betray you. when so many find themselves worlds apart, we choose to look for common ground. a, c, u. s. has started a crusade against russia's legitimate interest and culture, according to russia's foreign minister speaking in cuba, on the last stop as, as latin american, 2 or more and more troops off arriving to bella, go to copa, hobbs ahead of the expected ukrainian count referred to which may will,
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