How do immigration regulations and rules, impact International Fashion and Beauty industries ?
Due to the current Pandemic, the economic picture and Brexit have all accelerated these industries’ imbalances. Many in these industries are finding it difficult to move forward.
Retail and The Immigration Laws
New schemes now counter any discrepancies in the system, will not fully take effect until 2021. Alongside new immigration laws and rules, the migration process will be based on skills and not nationality. It will also be operated on a Tier 2 platform, with migrants having to meet the following criteria:
- The migrant must hold the required qualifications before entering the country.
- A stipulation also states that the person would need to earn no less than £30,000 per annum.
- There will also be a cap on the levels of applications being processed and approved, limiting the immigration rate.
This has the potential to reduce the attractiveness of migrants either seeking asylum or migrating to this country. Read the following to learn more about indefinite leave to remain.
Fashion and The New Landscape
The landscape of Fashion from production, manufacturing, the High Street, and to the customer is now subject to tremendous changes.
COVID-19 has been a significant contributor to this impact, and the changes are now gathering pace.
People’s spending habits have changed during the lockdown, and purchasing clothes have seen a dive in sales. How will this impact the long-term recovery of the Fashion and Beauty industries post-COVID-19 is currently unknown?
The following factors need to be addressed to see any recovery:
- We all start to buy less and take more care of the clothes we already own.
- The need for fairer transitions of garment workers in factories and warehouses in Asia and the far East are now being highlighted, with many issues relating to working conditions and workers’ rights finally starting to be addressed and the necessary regulations being put in place.
- A growing need and support of ethical brands from Generation Z and trendsetters in the age range of 16-24 now seek to modify their spending habits, inline environmental policies, and strong ethical beliefs.
- Fashion is now having to bend with society as it becomes more environmentally conscious and seeking alternative manufacturing and material resources to produce sustainable products that have less impact on climate changes and the environment.
Building a Sustainable Economy
A sustainable economy exists to support society and improve the lives of all humankind.
The economy cannot be separated from society, as it is a natural thread of life. Natural capital such as freshwater, soil, fishing, air, and the natural world, our society’s income leverage and a large factor in sustainable growth.
Sustainable economies are based on what provides the most significant amount of well-being with the least impact on natural resources. A constant drive for economic growth is mainly a product of population increases.
In the transit of the current economic climate, the world is now moving quickly to embrace new economic growth based on climate change.