Driving Profitability and Waste Reduction: The Role of Sustainable Business Practices and Lean Manufacturing in the U.S. Fashion Industry
DOI:
https://doi.org/10.70937/faet.v1i01.32Keywords:
Sustainable Business Practices, Lean Manufacturing, Waste Reduction, Profitability Enhancement, Fashion Industry, Environmental Responsibility, Supply Chain Transparency, Consumer AwarenessAbstract
This study examines the crucial nexus between lean manufacturing and sustainable business practices in the US fashion sector, tackling the urgent demands of waste reduction and profitability. The study investigates how these two paradigms can be combined to improve operational effectiveness and encourage environmental responsibility. This research is important because it can help fashion firms deal with sustainability challenges in the face of rising consumer demand for ethical business practices. According to the study, there is a great lack of information in the literature about successfully combining lean manufacturing methods with sustainable practices. To assess current trends and difficulties, a qualitative methodology was used, drawing on secondary data from industry reports, scholarly articles, and corporate sustainability declarations. Key findings indicate that although lean processes and the use of sustainable materials can greatly cut waste and boost profitability, obstacles like high costs and complicated supply chains still exist. In addition to offering practitioners suggestions for successful implementation, the consequences of the study are theoretical and practical, contributing significantly to the scholarly works on sustainability in fashion. One of the drawbacks is the dependence on secondary data, which could compromise the breadth of insights. Future studies should concentrate on long-term studies that look at how incorporating these practices affects society over time and how consumers behave when it comes to sustainable fashion. One of the recommendations of the policy is to encourage cooperation amongst interested parties to improve transparency and industry support for sustainable projects. The need to balance environmental stewardship with profitability in creating a more sustainable future for the fashion industry is highlighted by this study.