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Feasibility of servitization: Transforming fashion value chains to circularity through service innovation

Servitization is a growing phenomenon to improve resource efficiency, leading to positive effects for the environmental and for society. Product service systems are one of the most effective instruments to attain a resource-efficient circular economy.This report demonstrates an economic feasibility assessment, by specifying two examples of servitization for circularity in the apparel and fashion industry, and outlining potential business models, along with prospects for future research. Core elements for decision-making and the economic implications and feasibility of extending the useful life of a garment through servitization are identified here.

Scope: 65 pages
Reference: free of charge to Download