Retailwire hosted an interesting discussion on ethical consumerism, based on Andrew Benett's description of the decline of hyper-consumerism, and the emergence of a more conscious, frugal consumer in his new book, "Consumed: Rethinking Business in an Era of Mindful Spending". In a recent article Benett identified 10 public figures who also act as beacons for mindful consumption. The list includes people as diverse as US first lady Michelle Obama, talk show host & actress Ellen Degeneres, investor Warren Buffet, PepsiCo CEO Indra Nooyi and rapper Ludacris. Of course, Ellen, Ludacris or Oprah have a communication reach that most marketers would kill for.…
India’s traditional skills in textiles, intricate craftsmanship, and creativity in producing a range of design-intensive products have enticed buyers from all over the world. India retains a strong and sustainable position among the top five exporters of textiles and clothing in the world. India’s textile exports are currently weighted in favour of raw materials and intermediate products leading to ‘value-leakage’, which is a major concern from the long-term competitiveness perspective. Within India, Delhi holds a position of prominence and can play a significant role in capturing additional value within the country. As a sourcing destination and as a gateway to…
BUSINESS INDIA Suman Tarafdar 26 July - 8 August 2010 Paris Couture Week, arguably the world's most prestigious fashion event, has just got over. The headlines haven't been kind, pointing out that the Week has been dying a slow death over the past two decades, as clients move away from the ensembles showcased at the event. An epitome of customised luxury in its heyday in the decade following World War II, the event has increasingly become a place for corporate showcasing of logo-encrusted products as falling revenues have forced many a couturier to focus on the less prestigious, but far…
Reviewed by Devangshu Dutta As I read through Arun Maira's book, the month unfolded with a number of high-pitched disagreements around the world. In India, quotas and reservations were a hot topic, as was an apparent divergence between the Prime Minister and corporate chiefs on executive income and distribution of wealth. Self-appointed moral police disapproved the expressions of a student of art, while, elsewhere in the world, suicide bombers expressed disapproval of foreigners on their soil. We are surely not the first to wonder why, after millennia of physiological evolution, societies around the world are still stuck in the same,…
Geopolitical friction has again sparked renewed concerns over inflation and rising input costs for FMCG companies as @itmeansjustice @whysnavi write. @devangshu commented.
