Using a KERN***-based*** AI model to forecast the fashion industry, reducing mass overproduction.

Executive Summary:

<aside> 💡 Problem: Due to an influx of overproduction in the fashion industry, over 50 billion garments annually, go unsold, contributing to over 10% global carbon emissions. If unaddressed, this figure is expected to soar 50% by 2030.

</aside>

• Inadequate Forecasting Models: The prevailing models for predicting fashion trends and consumer demands are rooted in historical data. They lack the adaptability and real-time data integration needed to tackle the dynamic shifts in the fashion industry. This inadequacy leads to overproduction, with a staggering 30% of garments produced going unsold.
• ThreadReduce's AI Intervention: ThreadReduce, powered by the KERN-based AI model, is poised to revolutionize this landscape. By integrating real-time and historical data, including social media trends, it offers precise trend predictions and aligns production with actual demand. This reduces unsold inventory, textile waste, and the industry's environmental footprint.
• Dashboard for Decision Making: ThreadReduce’s dashboard serves as a real-time tool for tracking key metrics and trends. It provides insights into total revenue, clothes sold, orders fulfilled, and inventory management. The AI's analysis offers actionable insights, including identifying surpluses and deficits in production and correlating these with social media trends for informed decision-making.
• Environmental Respite: With the potential to yield gigaton-scale carbon reductions, conserve trillions of litres of water, and mitigate thousands of tonnes in microplastic pollution, ThreadReduce emerges as a crucial ally in the global climate movement. It addresses the core issue of overproduction, paving the way for a sustainable, eco-friendly, and profitable fashion industry

In the Fashion Industry, 30% of clothing is unsold, leading to billions in waste.

In recent years, the textile and fashion industries have come under increased scrutiny for their substantial contribution to textile waste through overproduction, and therefore their intrinsic link to global carbon emissions.

<aside> 👔 The fashion industry is producing an excess of 50 billion garments annually, and addressing this issue has the potential to yield gigaton-scale carbon reductions, representing an untapped opportunity in the fight against climate change.

</aside>

A waste of 92 million tonnes; each year, and it’s on the rise☝️

• The textile industry poses a complex environmental challenge, surpassing the combined carbon emissions of international flights and maritime shipping.
• This substantial environmental impact is primarily attributed to the excess production of roughly 50 billion garments annually, with a **staggering 85% ending up incinerated🔥 or in landfills 🚮, totalling 92 million tonnes each year.**

This overproduction issue is caused by the industry's inability to accurately predict and adjust its production rates in line with actual consumer demand. Despite various initiatives addressing overconsumption, little has been done to efficiently recycle such clothing volumes.

• Consequently, [**fast fashion waste is projected to rise to 134 million tonnes annually](https://earth.org/statistics-about-fast-fashion-waste/#:~:text=92 million tonnes of textiles waste is produced every year&text=If the trend continues%2C the,the end of the decade.)** by the decade's end. Over the past 15 years, while garment usage has plummeted by 36%, production has doubled.

  • This further accelerates the problem by creating over 2.6 million tonnes of clothing returned to stores and landfills, contributing to the 7% of global landfill space that is now occupied by clothing. This misalignment between production and consumption is a central factor perpetuating the industry's environmental challenges.

  Clearly, the textile industry presents a multifaceted environmental dilemma. However, when considering its global implications, what are the less-discussed environmental drawbacks of fast fashion? For a deeper understanding of this issue, click here to gain further insights.

85% of recycled items end up in a landfill or burnt anyway