Extreme weather may cost the global fashion industry $65 billion by 2030 | CNN Business ...Middle East

Hong Kong CNN  —  Extreme heat and flooding are set to deal a massive blow to the global fashion industry, with four of the world’s top garment producing countries at risk of missing out on $65 billion in earnings by 2030, according to a study from Cornell University and investment manager Schroders. Bangladesh, Pakistan, Vietnam and Cambodia are seen to be particularly at risk, with a 22% drop in earnings from exports — and wider economic hit — projected by the end of the decade, according to the findings, which were released Wednesday. Fashion brands that source extensively in these countries should alter work hours and ensure wo

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