H&M is a Swedish multinational clothing-retail company known for its fast-fashion clothing for men, women, teenagers,...

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H&M is a Swedish multinational clothing-retail company known for its fast-fashion clothing for men, women, teenagers, and children. As of November 2019, H&M operates in 74 countries with over 5,000 stores under the various company brands, with 126,000 full-time equivalent positions. However, by 2030 the company will only use 100% recycled or other sustainably-sourced materials for production. How this vision 2030 will change H&M's current business model? Explain those changes. (P.S. the current Business Model Canvas of H&M is given below). (Max 400 word) The Business Model Canvas Key partners Outsources its production to independent suppliers across Company is purchasing these Cost structure Operation Key Activities Designing Key Resources OPOC Brand and brands Design Distributing Employees Factors and Value propositions The Latest fashion at low Different quality garments Marketing & Collaborations with popular Conscious garments Customer Relationships Customer Segments More conscious Loyalty Customers membershiping them to recycle garments Channels Website app and social media Revenue Streams Donated garments Price conscious consumers Younger people. But offers clothing and accessories Product sales Fashionable and trendy consumers Consumers who see shopping provide pleasure in their daily $ C Strategyzer H&M is a Swedish multinational clothing-retail company known for its fast-fashion clothing for men, women, teenagers, and children. As of November 2019, H&M operates in 74 countries with over 5,000 stores under the various company brands, with 126,000 full-time equivalent positions. However, by 2030 the company will only use 100% recycled or other sustainably-sourced materials for production. How this vision 2030 will change H&M's current business model? Explain those changes. (P.S. the current Business Model Canvas of H&M is given below). (Max 400 word) The Business Model Canvas Key partners Outsources its production to independent suppliers across Company is purchasing these Cost structure Operation Key Activities Designing Key Resources OPOC Brand and brands Design Distributing Employees Factors and Value propositions The Latest fashion at low Different quality garments Marketing & Collaborations with popular Conscious garments Customer Relationships Customer Segments More conscious Loyalty Customers membershiping them to recycle garments Channels Website app and social media Revenue Streams Donated garments Price conscious consumers Younger people. But offers clothing and accessories Product sales Fashionable and trendy consumers Consumers who see shopping provide pleasure in their daily $ C Strategyzer

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Group HM The Swedish retail giant HM Group Hennes Mauritz AB is well renowned for pioneering fast fashion In addition the HM Group owns the brands Cos And Other Stories Weekday and Monki It is not sur... View the full answer