1 00:00:00,680 --> 00:00:05,040 Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud Order 2 00:00:05,160 --> 00:00:08,760 Speaker 1: Order Kerni Whoalbury and a waddery woman. And before we 3 00:00:08,800 --> 00:00:11,440 Speaker 1: get started on She's on the Money podcast, I would 4 00:00:11,520 --> 00:00:14,520 Speaker 1: like to acknowledge the traditional custodians of the land of 5 00:00:14,560 --> 00:00:18,680 Speaker 1: which this podcast is recorded on a wondery country, acknowledging 6 00:00:18,680 --> 00:00:22,560 Speaker 1: the elders, the ancestors and the next generation coming through 7 00:00:23,040 --> 00:00:27,159 Speaker 1: as this podcast is about connecting, empowering, knowledge sharing and 8 00:00:27,200 --> 00:00:30,560 Speaker 1: the storytelling of you to make a difference for today 9 00:00:31,040 --> 00:00:34,200 Speaker 1: and lasting impact for tomorrow. Let's get into it. 10 00:00:34,360 --> 00:00:53,600 Speaker 2: She's on the Money, She's on the Money. 11 00:00:57,320 --> 00:01:00,240 Speaker 3: Hello, and welcome back to She's on the Money. I'm 12 00:01:00,320 --> 00:01:03,920 Speaker 3: Victoria Divine here to get your weekend started arguably the 13 00:01:03,960 --> 00:01:07,280 Speaker 3: right way. You've all been loving our Saturday series, so 14 00:01:07,319 --> 00:01:08,920 Speaker 3: I decided I'm just going to give you more of 15 00:01:08,959 --> 00:01:11,440 Speaker 3: what you want. Last week we dove into the whirlwind 16 00:01:11,480 --> 00:01:14,720 Speaker 3: that is micro trend culture. How social media has turned 17 00:01:14,800 --> 00:01:17,840 Speaker 3: us all into trend chases, with new styles popping up 18 00:01:17,880 --> 00:01:21,120 Speaker 3: faster than you can refresh your feed. This rapid fire 19 00:01:21,160 --> 00:01:25,000 Speaker 3: trend machine is feeding something much bigger fast fashion. You 20 00:01:25,080 --> 00:01:29,760 Speaker 3: know the names machine. Dhgape, Ali Express, the brands that 21 00:01:29,800 --> 00:01:33,880 Speaker 3: can turn a runway dream into a cheap reality, Overnight Bus, 22 00:01:34,000 --> 00:01:37,200 Speaker 3: what's the real story behind those arguably too good to 23 00:01:37,240 --> 00:01:40,160 Speaker 3: be true prices. Today we're going to be diving a 24 00:01:40,240 --> 00:01:43,720 Speaker 3: little bit deeper into the fast fashion supply chain. We're 25 00:01:43,720 --> 00:01:46,679 Speaker 3: going to explore the ethics, the knockoffs, and whether our 26 00:01:46,720 --> 00:01:49,440 Speaker 3: shopping habits are doing more harm than they are good. 27 00:01:49,720 --> 00:01:53,080 Speaker 3: If last week's episode made you second guest that latest haul, 28 00:01:53,360 --> 00:01:55,280 Speaker 3: this one's going to make you think twice before hitting 29 00:01:55,280 --> 00:01:58,560 Speaker 3: our descartes again before we dive deeper. I just want 30 00:01:58,600 --> 00:02:00,560 Speaker 3: to take a moment to say, look, we get it. 31 00:02:00,880 --> 00:02:03,880 Speaker 3: Times are tough, and sometimes that bargain dress, all those 32 00:02:04,000 --> 00:02:06,920 Speaker 3: cheap as sneakers from fast fashion brands, they feel like 33 00:02:06,960 --> 00:02:09,799 Speaker 3: a really small win. I'm not here to shame anyone 34 00:02:09,880 --> 00:02:12,600 Speaker 3: for trying to make their budget stretch. I have absolutely 35 00:02:12,600 --> 00:02:15,600 Speaker 3: been there too. Back in the day, my fake Prada 36 00:02:15,639 --> 00:02:17,680 Speaker 3: bag was the talk of the town. I got that 37 00:02:17,800 --> 00:02:20,320 Speaker 3: on Ali Express and it definitely looked like a cross 38 00:02:20,400 --> 00:02:24,120 Speaker 3: between a Gucci Prada, I don't know Saint Laurent bag. 39 00:02:24,240 --> 00:02:26,480 Speaker 3: At the time, I thought it was the coolest thing. Ever, 40 00:02:26,960 --> 00:02:29,080 Speaker 3: now looking back, it just gives me the ick. And 41 00:02:29,200 --> 00:02:31,920 Speaker 3: more recently, I purchased and I guess this is what 42 00:02:32,040 --> 00:02:35,760 Speaker 3: has prompted this entire episode. A foot muff for my 43 00:02:35,960 --> 00:02:39,240 Speaker 3: baby's pram on Ali Express, because let's be honest, that 44 00:02:39,280 --> 00:02:41,840 Speaker 3: item was very obviously being drop shipped, and I just 45 00:02:41,919 --> 00:02:44,680 Speaker 3: figured let's go straight to the sauce. Many of you 46 00:02:44,760 --> 00:02:46,880 Speaker 3: jumped into my DMS and said, oh my gosh, v 47 00:02:47,040 --> 00:02:50,200 Speaker 3: I would never buy anything from Ali Express, but I'm 48 00:02:50,240 --> 00:02:53,520 Speaker 3: here now to tell you unfortunately, my Alley Express purchase 49 00:02:53,600 --> 00:02:56,880 Speaker 3: is probably from the same supplier that supplied your drop 50 00:02:56,919 --> 00:03:01,040 Speaker 3: shipping company that you ordered from last week. It's convenient, 51 00:03:01,080 --> 00:03:04,280 Speaker 3: and when you're watching your bank account closely, let's be honest, 52 00:03:04,760 --> 00:03:08,600 Speaker 3: a bargain is pretty hard to resist. But friends, here's 53 00:03:08,639 --> 00:03:11,040 Speaker 3: the thing. We're not here to judge your point fingers. 54 00:03:11,080 --> 00:03:13,280 Speaker 3: That's not what she's on the money is about. It's 55 00:03:13,280 --> 00:03:16,639 Speaker 3: about education, and this is about helping each other think 56 00:03:16,639 --> 00:03:18,959 Speaker 3: a little bit more deeply about the choices that we're 57 00:03:19,000 --> 00:03:22,600 Speaker 3: making every single time week click by. Now there's a 58 00:03:22,680 --> 00:03:25,280 Speaker 3: ripple effect. It's not just about what ends up in 59 00:03:25,320 --> 00:03:28,280 Speaker 3: our wardrobes. It's about the impact on the people who 60 00:03:28,320 --> 00:03:32,280 Speaker 3: made it. The environment, and ultimately our own sense of value. 61 00:03:32,600 --> 00:03:35,720 Speaker 3: So let's keep it really real. We all love a 62 00:03:35,720 --> 00:03:39,240 Speaker 3: good deal, but it's worth pausing to consider the bigger picture. 63 00:03:39,720 --> 00:03:42,320 Speaker 3: What do you really gain when you buy fast fashion? 64 00:03:42,400 --> 00:03:44,760 Speaker 3: And is there a way we can satisfy the urge 65 00:03:44,800 --> 00:03:47,000 Speaker 3: to shop without contributing to a system that might not 66 00:03:47,080 --> 00:03:50,480 Speaker 3: align with our values. This is never about guilt. It's 67 00:03:50,520 --> 00:03:54,080 Speaker 3: about making informed choices that we can feel really good about, 68 00:03:54,120 --> 00:03:56,920 Speaker 3: both for ourselves and for the world that we're part of. 69 00:03:57,200 --> 00:04:00,360 Speaker 3: Let's start by defining what fast fashion really is. Probably 70 00:04:00,400 --> 00:04:02,640 Speaker 3: heard of the term tossed around, but what does that 71 00:04:02,680 --> 00:04:06,880 Speaker 3: actually mean. Traditionally, fast fashion brands like Zara, HNM, and 72 00:04:06,960 --> 00:04:10,760 Speaker 3: Asoss have dominated the market by delivering on trend affordable 73 00:04:10,800 --> 00:04:14,200 Speaker 3: clothing in a matter of weeks. These brands are a 74 00:04:14,240 --> 00:04:18,880 Speaker 3: globalized supply chain that prioritizes speed and cost efficiency, often 75 00:04:18,920 --> 00:04:22,599 Speaker 3: at the expensive quality and sustainability. The goal is to 76 00:04:22,640 --> 00:04:25,680 Speaker 3: get new styles into store as quickly and as cheaply 77 00:04:25,720 --> 00:04:29,640 Speaker 3: as possible, which often leads to overproduction, textile waste, and 78 00:04:29,920 --> 00:04:33,960 Speaker 3: a significant carbon footprint. The fast fashion model has been 79 00:04:34,160 --> 00:04:39,200 Speaker 3: heavily criticized for contributing to environmental degradation and poor labor practices, 80 00:04:39,240 --> 00:04:43,760 Speaker 3: as factories in developing countries often face minimal regulation. Then 81 00:04:43,920 --> 00:04:47,840 Speaker 3: there's ultrafast fashion, which takes this concept to the extreme. 82 00:04:48,240 --> 00:04:51,279 Speaker 3: Brands like Sheen, Boohoo and Princess Poll are at the 83 00:04:51,440 --> 00:04:55,040 Speaker 3: forefront of this trend. Ultra fast fashion doesn't just aim 84 00:04:55,120 --> 00:04:58,760 Speaker 3: to be quick, it's designed to be instant. These companies 85 00:04:58,800 --> 00:05:01,600 Speaker 3: can go from design to delivery in as little as 86 00:05:01,680 --> 00:05:05,320 Speaker 3: twenty four hours, and they regularly release thousands of new 87 00:05:05,360 --> 00:05:09,680 Speaker 3: styles every day. They achieve this through cutting age technologies 88 00:05:09,720 --> 00:05:13,000 Speaker 3: like digital design and three D printing, which allow for 89 00:05:13,120 --> 00:05:16,360 Speaker 3: real time adjustments based on what's trending on social media. 90 00:05:16,920 --> 00:05:20,479 Speaker 3: But with this extreme speed takes the environmental and ethical 91 00:05:20,520 --> 00:05:23,560 Speaker 3: concerns to another level. And if you think that the 92 00:05:23,600 --> 00:05:26,600 Speaker 3: impacts stop there, think again, my friend. When we come back, 93 00:05:26,640 --> 00:05:29,080 Speaker 3: we're going to dive into the staggering number of clothes 94 00:05:29,160 --> 00:05:32,239 Speaker 3: fast fashion brands produce every year and where all those 95 00:05:32,320 --> 00:05:36,320 Speaker 3: unsold items actually end up. Spoileriller, it's not very pretty. 96 00:05:40,400 --> 00:05:43,240 Speaker 3: Welcome back, my friends, We're diving straight into the heart 97 00:05:43,240 --> 00:05:47,039 Speaker 3: of the issue over production. According to worldmeetrics dot org, 98 00:05:47,160 --> 00:05:50,839 Speaker 3: fast fashion brands collectively produce an astonishing one hundred and 99 00:05:51,040 --> 00:05:55,280 Speaker 3: fifty billion new items of clothing each year, far exceeding 100 00:05:55,279 --> 00:05:59,479 Speaker 3: the actual consumer demand. This overproduction is a hallmark of 101 00:05:59,520 --> 00:06:03,600 Speaker 3: the fast industry, where the emphasis is on quantity over quality. 102 00:06:04,080 --> 00:06:06,560 Speaker 3: The sheer volume of clothing being churned out not only 103 00:06:06,680 --> 00:06:11,120 Speaker 3: leads to massive amounts of unsold inventory, but also intensifies 104 00:06:11,120 --> 00:06:15,240 Speaker 3: the environmental crisis. The equivalent of one garbage truck of 105 00:06:15,320 --> 00:06:19,080 Speaker 3: textiles from these brands is land filled or burned every 106 00:06:19,160 --> 00:06:23,719 Speaker 3: second yep, every single second, and the synthetic fibers commonly 107 00:06:23,839 --> 00:06:26,960 Speaker 3: used in fast fashion can take hundreds, if not thousands 108 00:06:26,960 --> 00:06:30,920 Speaker 3: of years to biodegrade. You only have to search hashtag 109 00:06:31,000 --> 00:06:34,200 Speaker 3: textile waste to see the distressing images of piles and 110 00:06:34,279 --> 00:06:38,240 Speaker 3: piles of clothes slowly breaking down and leaching harmful chemicals 111 00:06:38,240 --> 00:06:42,240 Speaker 3: into the soil and water, effectively poisoning our planet for generations. 112 00:06:42,920 --> 00:06:45,320 Speaker 3: It's not just the environmental cost, though, is it. It's 113 00:06:45,360 --> 00:06:48,840 Speaker 3: the human cost too. Labour conditions in the fast fashion 114 00:06:48,880 --> 00:06:53,960 Speaker 3: industry are notoriously poor, with workers often facing severe exploitation. 115 00:06:54,600 --> 00:06:58,159 Speaker 3: According to the Clean Clothes Campaign, over eighty percent of 116 00:06:58,200 --> 00:07:01,800 Speaker 3: the garment industry's workforces may of women, many of whom 117 00:07:01,800 --> 00:07:06,320 Speaker 3: are subjected to long hours, low wages, and unsafe working conditions. 118 00:07:06,360 --> 00:07:09,520 Speaker 3: In countries like Bangladesh, where much of the world's fast 119 00:07:09,520 --> 00:07:13,160 Speaker 3: fashion is produced, garment workers earn as little as ninety 120 00:07:13,360 --> 00:07:16,480 Speaker 3: six dollars a month, which is far below the living 121 00:07:16,520 --> 00:07:20,000 Speaker 3: wage of four hundred and seventy two dollars. Additionally, the 122 00:07:20,040 --> 00:07:24,480 Speaker 3: International Labor Organization reports that instances of forced and child 123 00:07:24,560 --> 00:07:27,600 Speaker 3: labour are disturbingly common in the global supply chain of 124 00:07:27,600 --> 00:07:31,800 Speaker 3: fast fashion brands. These harsh conditions are a direct result 125 00:07:31,880 --> 00:07:35,040 Speaker 3: of the relentless pressure to produce clothing quickly and cheaply, 126 00:07:35,360 --> 00:07:39,760 Speaker 3: often leading to significant human rights violations. This is further 127 00:07:39,840 --> 00:07:43,680 Speaker 3: intensified by a troubling lack of transparency and accountability within 128 00:07:43,720 --> 00:07:46,880 Speaker 3: the industry. To keep up with this speed of distribution, 129 00:07:47,080 --> 00:07:50,640 Speaker 3: these fast fashion platforms often rely on copying designs of 130 00:07:50,680 --> 00:07:54,200 Speaker 3: other brands. Recently, a TikTok craze has emerged, where users 131 00:07:54,200 --> 00:07:58,000 Speaker 3: are exposing machines practice of selling dupes or knockoff versions 132 00:07:58,040 --> 00:08:01,080 Speaker 3: of popular items from really well known brands under different 133 00:08:01,160 --> 00:08:04,320 Speaker 3: store names with the Sheen platform. This trend has caught 134 00:08:04,320 --> 00:08:07,480 Speaker 3: the attention of many shoppers, who are arguably eager to 135 00:08:07,520 --> 00:08:10,800 Speaker 3: find designer inspired pieces at a fraction of the price. 136 00:08:11,400 --> 00:08:15,120 Speaker 3: Creators online are often showcasing side by side comparisons of 137 00:08:15,120 --> 00:08:18,680 Speaker 3: items from Sheene and their more expensive counterparts. Many of 138 00:08:18,760 --> 00:08:22,160 Speaker 3: these videos highlight just how similar they are in design 139 00:08:22,560 --> 00:08:26,560 Speaker 3: but drastically different in price and usual equality. For me, 140 00:08:26,800 --> 00:08:30,080 Speaker 3: it raises ethical questions about originality and the impact of 141 00:08:30,160 --> 00:08:34,600 Speaker 3: such practices on designers who invest significant time and resources 142 00:08:34,640 --> 00:08:38,520 Speaker 3: into creating their collections. Additionally, there are concerns about the 143 00:08:38,600 --> 00:08:41,360 Speaker 3: quality and longevity of these sheen items, as well as 144 00:08:41,440 --> 00:08:45,920 Speaker 3: the broader implications of supporting ultra fast fashion. Earlier this year, 145 00:08:45,960 --> 00:08:49,080 Speaker 3: a TikTok user named Emma went viral when she discovered 146 00:08:49,080 --> 00:08:51,960 Speaker 3: a Sheen tag inside at one hundred and eighty dollar 147 00:08:52,000 --> 00:08:55,600 Speaker 3: pink outfit she purchased from the brand Jaded London. This 148 00:08:55,679 --> 00:08:58,800 Speaker 3: incident highlights a lesser known aspect of the fashion industry, 149 00:08:58,960 --> 00:09:01,920 Speaker 3: the practice of white light. Brands like the one in 150 00:09:01,960 --> 00:09:06,000 Speaker 3: this TikTok video, often visit wholesale markets in Chinese manufacturing 151 00:09:06,080 --> 00:09:09,520 Speaker 3: hubs to purchase pre made apparel items. These items are 152 00:09:09,520 --> 00:09:13,400 Speaker 3: then rebranded and sold under that company's label. In Emma's case, 153 00:09:13,440 --> 00:09:17,400 Speaker 3: it's likely that the outfit she bought was originally manufactured machine. 154 00:09:17,520 --> 00:09:20,400 Speaker 3: When Sheine didn't sell enough of these units, the excess 155 00:09:20,400 --> 00:09:23,560 Speaker 3: stock may have been taken to a wholesale market. A 156 00:09:23,640 --> 00:09:27,920 Speaker 3: representative from Jaded London might have purchased the outfit, rebranded 157 00:09:27,920 --> 00:09:30,760 Speaker 3: it and sold it at a higher price point, inadvertently 158 00:09:30,880 --> 00:09:34,640 Speaker 3: leaving the original Sheine tag inside. It's a glimpse into 159 00:09:34,640 --> 00:09:38,200 Speaker 3: the tangled web of fast fashion supply chains. It's a 160 00:09:38,240 --> 00:09:41,480 Speaker 3: reminder that when you buy from certain brands, you might 161 00:09:41,520 --> 00:09:44,600 Speaker 3: not be getting what you think you are. That exclusive 162 00:09:44,679 --> 00:09:47,439 Speaker 3: piece could just be another product of fast fashions over 163 00:09:47,480 --> 00:09:51,040 Speaker 3: production machine, rebranded and marked up without you even knowing it. 164 00:09:51,600 --> 00:09:54,560 Speaker 3: But here's the good news. You have the power to 165 00:09:54,600 --> 00:09:58,400 Speaker 3: make choices that align with your values. By supporting fast fashion, 166 00:09:58,400 --> 00:10:02,880 Speaker 3: you're choosing quality over quon, ethics over shortcuts, and sustainability 167 00:10:02,880 --> 00:10:06,599 Speaker 3: over disposability. Slow fashion isn't about keeping up with the 168 00:10:06,679 --> 00:10:10,600 Speaker 3: latest trends. It's about building a wardrobe that lasts, supporting 169 00:10:10,640 --> 00:10:13,840 Speaker 3: brands that treat their workers fairly, and reducing your impact 170 00:10:13,840 --> 00:10:18,000 Speaker 3: on the planet. Think about shopping secondhand, hitting up clothing swaps, 171 00:10:18,080 --> 00:10:20,840 Speaker 3: or investing in timeless pieces that won't go out of 172 00:10:20,880 --> 00:10:25,679 Speaker 3: style next season. It's also about asking questions, demanding transparency 173 00:10:25,679 --> 00:10:28,280 Speaker 3: from the brands you love, and refusing to settle for 174 00:10:28,320 --> 00:10:31,800 Speaker 3: anything less than what's right. You don't just want the bag, 175 00:10:32,040 --> 00:10:34,679 Speaker 3: You want to feel good about the bag and everything 176 00:10:34,720 --> 00:10:37,360 Speaker 3: it stands for. So next time you're scrolling through your 177 00:10:37,400 --> 00:10:40,200 Speaker 3: favorite fashion site, take a moment to consider the story 178 00:10:40,240 --> 00:10:42,480 Speaker 3: behind the clothes and how you can be part of 179 00:10:42,520 --> 00:10:51,440 Speaker 3: a more sustainable and ethical future. The advice shared on 180 00:10:51,559 --> 00:10:54,040 Speaker 3: Sheese on the Money is general in nature and does 181 00:10:54,080 --> 00:10:58,040 Speaker 3: not consider your individual circumstances. Sheese on the Money exists 182 00:10:58,160 --> 00:11:01,360 Speaker 3: purely for educational purposes and should not be relied upon 183 00:11:01,440 --> 00:11:04,480 Speaker 3: to make an investment or financial decision. If you do 184 00:11:04,640 --> 00:11:07,600 Speaker 3: choose to buy a financial product, read the PDS TMD 185 00:11:07,760 --> 00:11:12,040 Speaker 3: and obtain appropriate financial advice tailored towards your needs. Victoria 186 00:11:12,080 --> 00:11:15,600 Speaker 3: Divine and She's on the Money are authorized representatives of 187 00:11:15,679 --> 00:11:18,280 Speaker 3: Money Shoper p T Y lt D. A b N 188 00:11:18,520 --> 00:11:21,640 Speaker 3: three two one six four nine two seven seven zero 189 00:11:21,800 --> 00:11:26,120 Speaker 3: eight AFSL four five one two eight nine