WARDROBE CRISIS with Clare Press

Forget Vogue. Sourcing Journal should be required reading of you really want to know how the business of fashion works. Clare’s guest this week Edward Hertzman founded this trade journal (now part of FairChild, which owns WWD) out of frustration that no one in media was telling the full story about how supply chains operate. A former apparel sourcing agent himself, with a degree in economics, the tough-talking New Yorker tells it like it is.In the garment game, suppliers and manufactures take most of the risks, while brands wield most of the power. “It’s a very one-sided relationship,” he says. Add in unfair purchasing practices (which are way too common) and downward pressure on prices, and you’ve got a recipe for disaster - as we saw during the pandemic. And who do you think has to invest in all these new sustainability initiatives brands are talking up? Often, it’s the manufacturer. Remember what brands always say: “Well, of course we don’t own the factories or the mills …”Can the industry change? Who's do