Fashion has been reaffirmed as a vital sector for the Italian economy. In fact, the sector generates 5% of national GDP, boasting "not only production excellence but also a strong cultural identity and the ability to influence global trends." This was highlighted in Cassa Depositi e Prestiti’s (Cdp) analysis, “The Fashion Sector Between Challenges and Opportunities: What Future for Made in Italy?”. The report examines a sector where Italy leads globally. The country is, in fact, "the world's foremost producer of haute couture". Fashion generates an added value of 75 billion euros and 65 billion in exports when considering the complete supply chain, from raw material production and processing to finished product brands. The study provides a comprehensive analysis of the current state of Italian fashion in response to the recent changes in the global geo-economic context and the challenges presented by the energy and digital transition. The increased emphasis on environmental impact and ESG considerations is imposing limits on production, while the development of private equity is supporting the gradual consolidation of companies in the sector.
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