The textiles industry is one of the largest global industries. It produces around 80 billion garments annually and employs 60 to 75 million people worldwide.
The current linear system for producing, distributing, and using clothing loses more than $500 billion in value every year due to under-utilized clothes and the lack of recycling. Eliminating today's negative environmental and health impacts from poor chemicals and facilities management would have an estimated economic benefit of $8 billion annually in 2030.