Recent trends in transparency in the apparel supply chain and the demand for blockchain implementation; a review of literature

Abstract

The textile and apparel industry has emerged as one of the rapidly expanding global markets, exerting a significant economic influence worldwide. It plays a vital role in producing essential goods for people across the globe, ranging from fiber production to the manufacturing of clothing. Despite experiencing challenges during the COVID-19 pandemic in 2020, which led to a decline in apparel industry sales, there is an anticipation of a resurgence in global demand for clothing. The global apparel market is projected to generate approximately 1.5 trillion U.S. dollars in revenue in 2021, with an expected increase to around 2 trillion dollars by the year 2026 [1].