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Apparel Industry
In addition to my passion for fashion, I am a Chartered Professional Accountant and I have full-time employment in Finance for a large commercial real estate company. So I thought I would combine the two for this post The pandemic has had a significant negative impact on the apparel industry, which may never fully recovery. Let’s explore the reasons and what has led us here The Numbers In Canada, manufacturing employs ~1.6 million people[1]. A small fraction is employed in the production and administration of manufacturing fashion goods, which contributes ~$43.6B CAD (~4%) in total market value[2]. Manufacturing jobs, in general, have decreased in North America from the 1970s through…