HOLISTIC MARKETING PECULIARITIES OF THE GLOBAL FASHION INDUSTRY IN THE XXI CENTURY

Keywords: holistic marketing, global fashion industry, digitalization, sustainable development, fashion companies

Abstract

At the beginning of the 21st century, the global economy, specifically the service sector, underwent a significant transformation as developing countries began to gain an increasing share of the sector. Traditional industrialized countries (the United States and Europe) are no longer the priority choice of companies when looking for service providers. The growth of new economic markets such as Brazil, Mexico, Indonesia, India, and China has created new and diverse business opportunities, including for the global fashion industry. For example, Brazil and Mexico are the largest markets for the fashion industry, but the downside of this progress is environmental degradation in the region and a third of the population living below the poverty line. So the active dissemination of the holistic marketing concept in the global fashion industry is justified by the fact that it allows for achieving sustainability indicators, compliance with which is an important issue for consumers, especially for new generations who are socially and environmentally conscious and expect fashion brands to be more ethical, transparent and sustainable. The Ukrainian fashion industry has significant potential for creating a sustainable fashion industry due to its high-quality raw materials, connection with nature, culture, textile traditions, use of unique technologies, etc. This will allow it to become one of the drivers of the recovery and further development of the domestic economy, which makes it important to study the peculiarities of holistic marketing in the global fashion industry to identify best practices for further implementation in Ukrainian realities. The theoretical and methodological basis for the article is the work of domestic and foreign scholars on the study of holistic marketing and its use in specific industries. The research was conducted using the methods of theoretical generalization, comparative analysis, synthesis, induction, and deduction, which made it possible to identify the features of holistic marketing in the global fashion industry in the eleventh century, namely: strengthening the digital presence of fashion companies through an intuitive online shopping experience, fast delivery and individualized forms of communication on the Internet; spreading sustainable fashion by minimizing the negative impact on the environment, buying goods from local suppliers.

References

How do we incorporate sustainability to the Latin American Textile Industry. 2020. URL: https://www.hechoxnosotros.org/post/how-do-we-incorporate-sustainability-to-the-latin-american-textile-industry (дата звернення 25.07.2023)

Poverty in Latin America remained steady in 2017, but extreme poverty increased to the highest level since 2008, while inequality has fallen notably since 2000. URL: https://www.cepal.org/en/pressreleases/poverty-latin-america-remained-steady-2017-extreme-poverty-increased-highest-level (дата звернення 23.07.2023)

Keller K.L. & Kotler P. Holistic marketing: a broad, integrated perspective to marketing management. In Does Marketing Need Reform?: Fresh Perspectives on the Future. Routledge, 2015. P0p. 308–313.

Mele C., Pels J. & Storbacka K.A holistic market conceptualization. Journal of the Academy of Marketing Science. 2015. No. 43. P. 100–114.

Darasha J. & Muneshwar S. Adoption of Holistic Marketing in Corporates. Journal of Interdisciplinary Cycle Research. 2021. No. 13. P. 1272–1289.

Сібрук В. & Сібрук А. Еволюція холістичного маркетингу: основні аспекти та сучасний стан. Економіка та суспільство. 2023. № (49). DOI: https://doi.org/10.32782/2524-0072/2023-49-3

Cătălin M.C., Andreea P. & Adina C.A holistic approach on internal marketing implementation. Business Management Dynamics. 2014. Vol. 3(11). P. 9.

Busnaina I. Fashion marketing in Arab world: Maintaining brand identity vs. adaptation. Journal of Textile and Apparel, Technology and Management. 2014. No. 9. P. 567–589.

Khurana K. The Indian fashion and textile sector in and post COVID-19 times. Fashion and Textiles. 2022. Vol. 9(1). P. 15. DOI: https://doi.org/10.1186/s40691-021-00267-4

Bin S., Yum H. & Shim S.I. Fashion Consumption Culture in the Post-COVID-19 Era Identified through Big Data Analysis-Focusing on Articles in the Chinese Fashion Network LADYMAX. cn. Journal of Fashion Business. 2021. Vol. 25(2). P. 80–97. DOI: https://doi.org/10.12940/jfb.2021.25.2.80

Majumdar A., Shaw M. & Sinha S.K. COVID-19 debunks the myth of socially sustainable supply chain: A case of the clothing industry in South Asian countries. Sustainable Production and Consumption. 2020. No. 24. P. 150–155. DOI: https://doi.org/10.1016/j.spc.2020.07.001

Alpat F.E. & Aksu Y.Z. Fashion as a marketing tool and its communication aspect in developing markets. EMAJ: Emerging Markets Journal. 2014. Vol. 3(3). P. 67–76.

Choi H., Ko E., Kim E.Y. & Mattila P. The role of fashion brand authenticity in product management: A holistic marketing approach. Journal of Product Innovation Management. 2015. Vol. 32(2). P. 233–242.

Ilchenko N., Voynilovych V. Holistic marketing in the fashion industry of Ukraine. SCIENTIA FRUCTUOSA. 2020. Vol. 133(5). P. 68–76. DOI: https://doi.org/10.31617/visnik.knute.2020(133)06

Алєкперова Н., Губар М. & Сахнацька Н. Дослідження використання концепції холістичного маркетингу в діяльності фармацевтичної компанії України. Фармацевтичний журнал. 2020. Т. 75. № 1. DOI: https://doi.org/10.32352/0367-3057.1.20.03

Боліла С.Ю. & Кириченко Н.В. Холістична спрямованість маркетингу в діяльності м’ясопереробних підприємств для формування лояльного ставлення до продукції на регіональному ринку. Економічний простір. 2020. № (160). С. 34–39. DOI: https://doi.org/10.32782/2224-6282/160-6

Kim K.J. & Kim E.Y. Fashion marketing trends in social media and sustainability fashion management. Journal of Business Research. 2020. No. 117. P. 508–509.

Mukendi A., Davies I., Glozer S. & McDonagh P. Sustainable fashion: Current and future research directions. European Journal of Marketing. 2019. No. 12. P. 2–19. https://doi.org/10.1108/EJM-02-2019-0132

Lundblad L. & Davies I.A. The values and motivations behind sus¬tainable fashion consumption. Journal of Consumer Behaviour. 2016. No. 15, p. 149–162.

Garcia J.L. En México hay más de 60 empresas B que buscan benefi¬cios sociales y ambientales. 2020. URL: https://www.eleconomista.es/economia-eAm-mexico/noticias/10740042/08/20/En-Mexico-hay-mas-de-60-empresas-B-que-buscan-beneficios-sociales-y-ambientales.html (дата звернення 26.07.2023)

Nguyen N.P. & Mogaji E. Financial inclusion for women in the informal economy: An SDG agenda post pandemic / in Adeola O. (Ed.). Gendered perspectives on Covid-19 recovery in Africa. Palgrave Macmillan, 2021. DOI: https://doi.org/10.1007/978-3-030-88152-812

Schaltegger S., Lüdeke-Freund F. & Hansen E.G. Business model for sustainability: A co-evolutionary analysis of sustainable entrepreneurship, innovation, and transformation. Organisation & Environment. 2016. Vol. 29(3). P. 264–289.

How do we incorporate sustainability to the Latin American Textile Industry. (2020) Available at: https://www.hechoxnosotros.org/post/how-do-we-incorporate-sustainability-to-the-latin-american-textile-industry (accessed July 25, 2023).

Poverty in Latin America remained steady in 2017, but extreme poverty increased to the highest level since 2008, while inequality has fallen notably since 2000. (2019) Available at: https://www.cepal.org/en/pressreleases/poverty-latin-america-remained-steady-2017-extreme-poverty-increased-highest-level (accessed July 23, 2023).

Keller K.L. & Kotler P. (2015) Holistic marketing: a broad, integrated perspective to marketing management. In Does Marketing Need Reform?: Fresh Perspectives on the Future. Routledge, pp. 308–313.

Mele C., Pels J. & Storbacka K.A (2015) holistic market conceptualization. Journal of the Academy of Marketing Science, no. 43, p, 100–114.

Darasha J. & Muneshwar S. (2021) Adoption of Holistic Marketing in Corporates. Journal of Interdisciplinary Cycle Research, no. 13, p. 1272–1289.

Sibruk V. & Sibruk A. (2023) Evolution of holistic marketing: main aspects and current state. Economy and Society, no. (49). DOI: https://doi.org/10.32782/2524-0072/2023-49-3

Cătălin M.C., Andreea P. & Adina C.A (2014) holistic approach on internal marketing implementation. Business Management Dynamics, vol. 3(11), p. 9.

Busnaina I. (2014) Fashion marketing in Arab world: Maintaining brand identity vs. adaptation. Journal of Textile and Apparel, Technology and Management, no. 9, p. 567–589.

Khurana K. (2022) The Indian fashion and textile sector in and post COVID-19 times. Fashion and Textiles, vol. 9(1), p. 15. DOI: https://doi.org/10.1186/s40691-021-00267-4

Bin S., Yum H. & Shim S.I. (2021) Fashion Consumption Culture in the Post-COVID-19 Era Identified through Big Data Analysis-Focusing on Articles in the Chinese Fashion Network LADYMAX. cn. Journal of Fashion Business, vol. 25(2), p. 80–97. DOI: https://doi.org/10.12940/jfb.2021.25.2.80

Majumdar A., Shaw M. & Sinha S.K. (2020) COVID-19 debunks the myth of socially sustainable supply chain: A case of the clothing industry in South Asian countries. Sustainable Production and Consumption, no. 24, p. 150–155. DOI: https://doi.org/10.1016/j.spc.2020.07.001

Alpat F.E. & Aksu Y.Z. (2014) Fashion as a marketing tool and its communication aspect in developing markets. EMAJ: Emerging Markets Journal, vol. 3(3), p. 67–76.

Choi H., Ko E., Kim E.Y. & Mattila P. (2015) The role of fashion brand authenticity in product management: A holistic marketing approach. Journal of Product Innovation Management, vol. 32(2), p. 233–242.

Ilchenko N., Voynilovych V. (2020) Holistic marketing in the fashion industry of Ukraine. SCIENTIA FRUCTUOSA, vol. 133(5), p. 68–76. DOI: https://doi.org/10.31617/visnik.knute.2020(133)06

Aliekperova N.V., Gubar M.A. & Sakhnatska N.M. (2020) Research on the using of the holistic marketing concept in the activity of Ukrainian pharmaceutical company. Farmatsevtychnyi Zhurnal, no. (1), p. 20–32. DOI: https://doi.org/10.32352/0367-3057.1.20.03

Bolila S. & Kyrychenko N. (2020) Holistic orientation of marketing in the activities of meat processing enterprises for the formation of a loyal attitude to products in the regional market. Economic Scope, no. (160), p. 34–39. DOI: https://doi.org/10.32782/2224-6282/160-6

Kim K.J. & Kim E.Y. (2020) Fashion marketing trends in social media and sustainability fashion management. Journal of Business Research, no. 117, p. 508–509.

Mukendi A., Davies I., Glozer S. & McDonagh P. (2019) Sustainable fashion: Current and future research directions. European Journal of Marketing, no. 12, p. 2–19. DOI: https://doi.org/10.1108/EJM-02-2019- 0132

Lundblad L. & Davies I.A. (2016) The values and motivations behind sus¬tainable fashion consumption. Journal of Consumer Behaviour, no. 15, p. 149–162.

Garcia J.L. (2020) En México hay más de 60 empresas B que buscan benefi¬cios sociales y ambientales. Available at: https://www.eleconomista.es/economia-eAm-mexico/noticias/10740042/08/20/En-Mexico-hay-mas-de-60-empresas-B-que-buscan-beneficios-sociales-y-ambientales.html (accessed July 26, 2023)

Nguyen N.P. & Mogaji E. (2021) Financial inclusion for women in the informal economy: An SDG agenda post pandemic / in Adeola O. (Ed.). Gendered perspectives on Covid-19 recovery in Africa. Palgrave Macmillan, DOI: https://doi.org/10.1007/978-3-030-88152-812

Schaltegger S., Lüdeke-Freund F. & Hansen E.G. (2016) Business model for sustainability: A co-evolutionary analysis of sustainable entrepreneurship, innovation, and transformation. Organisation & Environment, vol. 29(3), p. 264–289.

Published
2023-08-30
How to Cite
Duginets, G. (2023). HOLISTIC MARKETING PECULIARITIES OF THE GLOBAL FASHION INDUSTRY IN THE XXI CENTURY. Bulletin of Sumy National Agrarian University, (3 (95), 34-38. https://doi.org/10.32782/bsnau.2023.3.5