Quiz on Fast Fashion and Its Impacts

What is the estimated worth of the global fashion industry in 2023?

• $1.7 trillion

• $1.5 trillion

• $2 trillion

• $1 trillion

Which fast fashion retailer is known for producing up to 10,000 new designs per day?

• Temu

• Shein

• H&M

• Zara

What percentage of US consumers shopped at fast fashion giants Shein or Temu in 2023?

• 30%

• 40%

• 50%

• 60%

By 2030, global apparel consumption is projected to rise by what percentage?

• 63%

• 50%

• 70%

• 80%

What is a significant environmental impact of fast fashion production?

• Reduction in water usage

• High levels of textile waste

• Lower greenhouse gas emissions

• Increased biodiversity

What is the average price of a SKU at Shein compared to H&M?

• $12 vs $24

• $15 vs $30

• $14 vs $26

• $10 vs $20

What percentage of brands are behind on their sustainability commitments according to McKinsey?

• 63%

• 80%

• 50%

• 70%

What is one way fast fashion companies are evolving their business model?

• Limiting customer engagement

• Data-driven product design

• Increasing production costs

• Reducing online presence

What do half of Gen Z shoppers in China aim to do regarding fast fashion?

• Buy more fast fashion

• Avoid buying fast fashion

• Increase their wardrobe size

• Support local brands

What is a key challenge faced by the fast fashion industry?

• Low production speed

• Excessive waste generation

• Sustainable material sourcing

• High consumer loyalty