The trend to be sensitive to one’s environment and society by the corporates is not driven by branding or customer interest alone. Sustainable business practices help companies save money over time: PricewaterhouseCoopers indicates that companies reporting sustainability efforts have a greater return on assets than companies that do not.
The problem of wastage is global. Recently Burberry faced flak when it burnt its surplus produce. New-age entrepreneurs are addressing problems of wastage with ingenuity. According to Nitin Kapoor, founder of IBA (Indian Beautiful Art), a fashion e-commerce website, “India's textile and apparel industry, which is the second largest in providing employment opportunities, is not unaffected from the 'waste problems.' Mass production into the industry is one of the major issues that lead to the one million tonnes of textile disposed every year with most of this coming from household sources. But the issue of 'mass production' can be addressed by the use of 'technology' or 'demand-oriented production' capabilities. Kapoor achieved a breakthrough with his new 'Just in Time' technology. He says sustainability has to be rooted in the DNA of the brand. So, instead of getting prints of the photoshoot, images on the clothes are tested using technology. This effectively cuts the cost of photoshoot production and creates a single prototype for various patterns of the same garment. The colours and designs can be changed directly with sizes till 5 XL, saving time and resources. This helps in energy, water and environment conservation: With JIT, the garment is only manufactured once the customer has placed his order. Right from printing to dispatching the product, the order is managed just within 48 hours with ‘Zero’ wastage of natural resources.