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Consumption and the Common Good: Rental, Resale, Repair and Recycle
September 23 @ 12:00 pm - 1:00 pm EDT
ABOUT THE CONSUMPTION AND THE COMMON GOOD SERIES
The “growth at all costs” mindset that permeates global business today results in a litany of negative outcomes for people, communities, and the planet. To fuel economic growth, businesses continue to drive higher consumption rates among existing and new consumers, often utilizing tactics such as marketing to drive desire or planned obsolescence to reduce efficacy and longevity. This ever-increasing consumption interrupts the fabric of our lives from changes to architecture, the creation and growth of new industries which help manage all we now own, media which showcases overconsumption as entertainment, and the untold amounts of waste which fills our landfills and litters our waterways that now must be managed.
In light of these issues, a critical discussion about the nature and embeddedness of consumption in our culture has moved from the fringe to the forefront, engaging a range of stakeholders along the way. What systems must we rethink to reduce the volumes of consumption globally? What policy tools are necessary to combat overconsumption and the resulting waste? What must we personally examine to shift individual consumption behavior?
GCNYC and The Center for Social Impact and Innovation’s series Consumption and The Common Good brings together voices of researchers, advocates, and businesses to discuss the effects consumption and imagine solutions that support a sustainable and equitable world.
RENTAL, RESALE, REPAIR, AND RECYCLE
As a more critical discussion of the linear, take-make-waste model of clothing consumption has grown increasingly mainstream, fashion businesses have reconsidered business models predicated on increasing consumption. Businesses such as The RealReal, Thread Up, Renewal Workshop, and Rent the Runway have fundamentally rethought what it means to utilize or “consume” fashion and have enjoyed stellar growth with noteworthy funding interest.
What can we learn from the experiences of these companies? How might we view the destructive legacy of overconsumption as an opportunity to leverage an authentic commitment to sustainability as a strategy for differentiation in a crowded fashion market? What challenges persist and what innovations might be necessary?
GCNYC and the Center for Social Impact and Innovation is excited to present Consumption and the Common Good: Rental, Resale, Repair ,and Recycle, bringing together industry innovators to address these questions and engage in a discussion about redefining and recontextualizing fashion consumption as business opportunity to reduce negative impacts of the fashion industry.
We are excited to host Dr. Jen Wang, Senior Director of Product at thredUp, and Cynthia Power, VP of Business Success at Recurate, as panelists and to have Nancy Rhodes, founder of Alternew and GCNYC alumna as moderator.