A garment worker in Sri Lanka earns an average of 55 cents per hour, according to the World Bank, but Sri Lanka projects an apparel export target of US$10B in 2016.
Each year, 80 billion pieces of clothing are purchased across the globe, which is 400% more than 10 years ago. Unsurprisingly these sales constitute a major financial market. The fashion brand Christian Dior is one of the biggest companies in the world - last year their sales totalled $41.6 billion, roughly equivalent to the GDP of Tunisia.
Innovative Solutions Win Fabric of Change Award to Tackle Fashion Industry’s Sustainability Problems