Adaptation of the fashion business to force majeure circumstances
Year: 2025
Type: article
Abstract: This article explores the issues of adapting fashion businesses to force majeure circumstances. The fashion industry currently operates under conditions of high uncertainty, making it particularly vulnerable to factors beyond control, such as economic crises, disruptions in supply chains, changes in consumer behavior, and technological shifts. Although individual studies exist on topics like digitalization, sustainable business models, and strategic management, there remains a lack of a comprehensive, unified approach to addressing this issue. Existing contradictions concern the assessment of the significance of online commerce, the role of outsourcing, diversification, and the impact of innovative business models on economic resilience. The goal of this study is to systematize mechanisms for adapting fashion businesses to force majeure circumstances, considering the multifactorial nature of these conditions. The paper discusses production optimization, flexibility potential, reinvestment, outsourcing, logistics adjustments, and other strategies. It identifies that key resilience strategies include a multi-dimensional approach to development, integration of digital and offline sales channels, and dynamic management of resources. The author's contribution lies in substantiating the necessity of applying complex strategic approaches within fashion businesses, thus helping minimize risks and transform crisis periods into opportunities for growth. Specific examples of combinations of strategic actions are provided. The materials presented in the article will be useful for entrepreneurs, fashion brand managers, industry researchers, and strategic management specialists.
Author: Teselko, Yurii
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W7105514847
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