Macro Hive Conversations With Bilal Hafeez cover image

Shannon O'Neil on What Everyone Gets Wrong About (De)Globalisation

Macro Hive Conversations With Bilal Hafeez

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Is It Distance or Culture That Matters?

Zara is the biggest fast fashion brand in the world. They sell at half a trillion dollars worth of goods every year, so bigger than any other one. And they produce almost everything that they make in Europe, not in Asia. So what this tells me is, sure, you could imagine European and Australian and New Zealand or what have you. But the distance really does matter for production and for profitability.

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