Patagonia is a popular outdoor clothes brand with many styles
and products made in Fair Trade Certified™ factories around the world that
promote and sustainable fair labour practices, safe working conditions and
environmental responsibility. Company aims to build highly durable and efficient products
that last long and can be easily repaired if required and used for long period
rather than throwing away with short term use. Patagonia is a socially
conscious brand with a demonstrated their commitment to change the world that
is their core belief that caring for our planet is not in conflict with running
a successful business. The company is passionate about reducing their
manufacturing footprint and is a member of 1% for the planet whereby they
commit 1 percent of their annual net sales to grassroots environmental
groups.
Patagonia’s Worn Wear initiative – which was launched in 2013
is composed of 4 ‘R’s.” Reduce, Repair, Reuse and at the end of a
product’s life when all usable value has been exhausted –
Recycle. Patagonia invites its conservationist shoppers to buy second hand
outdoor wear and trade in their old gear. The experience aligns with
Patagonia’s focus on resource conservation and makes customers feel like their
personal actions have a positive impact on the world.
Blue Ocean strategy of Patagonia in terms or ERRC grid is
eliminating CO2 emissions, waste output, and water usage by extending the life
of garments, through proper care and repair, which has in important sustainable
impact on the planet and reduces the
need to buy more over time. Raised the consumer awareness towards environmental
sustainability and preservation which is one of the most important issue today
as climate change is drastically effecting the world. Reduced carbon, waste and
water footprints by 20-30 percent by extending the life of clothing by nine extra months. Created a new business
that not only provides good products t consumers but also reduces the
environmental effects that typical manufacturing companies cause to the
environment. Patagonia was recognized for its
“long track record of sustainable innovation in the industry,” including its
ongoing campaign to encourage consumers to repair their worn items instead of
tossing them and buying new.
Patagonia value proposition is increasing
the buyer utility through the fact that their buying clothes have significantly
low impact on environment, reduce the cost and impact on environment and
created a new market for environmentally sustainable clothing which consumers
are buying and the company is earning good profits. Various initiatives by the
company towards environmental sustainability has created an uncontested market
space for the company. Company adopted digitization technologies to communicate
with consumers there by reducing the usage of printing and paper materials.
Patagonia is considered the best socially conscious innovative company and blue
ocean strategy adopter.
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