KOREASCHOLAR

HOW DO ETHICAL AND ENVIRONMENTAL CONCERNS INFLUENCE CONSUMERS’ BUYING BEHAVIOUR? A STUDY OF SUPPLY CHAIN IN THE LUXURY SECTOR

Rawan Hamdan, Yan Sun, Eleonora Cattaneo
  • LanguageENG
  • URLhttp://db.koreascholar.com/Article/Detail/422651
Global Marketing Conference
2023 Global Marketing Conference at Seoul (2023.07)
p.536
글로벌지식마케팅경영학회 (Global Alliance of Marketing & Management Associations)
Abstract

Recently, the luxury sector has witnessed a significant rise in luxury consumption, reaching £233 Billion in 2022 (Statista, 2022). This rise demonstrates the growing popularity of the luxury consumption phenomenon globally. However, the climate crisis may impact future trends in luxury consumption (Gardetti and Muthu, 2019). The luxury sector has endorsed a considerable growing demand for sustainability from environmental and ethical luxury consumers. In recent years, concerns have grown around the ethicality of supply chains, where consumers develop contradictory feelings and beliefs, veering between conscious and hedonistic decision-making (Kleinhaus, 2011; Helm, 2020; Wang et al. 2021). Moreover, consumers face a conflict between choosing what they believe is ethically right and indulgence (Hennigs et al. 2013). The supply chain plays an important role in achieving sustainability goals, and yet some researchers argue that the luxury supply chain can involve ethical and environmental breaches in terms of labour and raw materials, such as use of leather and fur (Klerk et al. 2018). However, some luxury brands such as Stella McCartney and Vivienne Westwood are focused on sustainability and the use of vegan raw materials (YNAP, 2021).

Author
  • Rawan Hamdan(Oxford Brookes University, United Kingdom)
  • Yan Sun(Oxford Brookes University, United Kingdom)
  • Eleonora Cattaneo(Glion Institute of Higher Education, Switzerland)