News 09.12.2020

Need to Know

A subscription service to offset your carbon footprint, Google Pay’s chat-led banking and how the fashion sector will survive post-pandemic.

A subscription plan to achieve zero-waste living

Plastic, neutral by Humankind, US

US – Personal care brand by Humankind is launching Plastic, neutral, a subscription service that enables consumers to offset their overall plastic footprint.

The subscription service, offered at £5.85 ($8, €6.49) per month, enables people to subsidise the cost of plastic collection by Plastic Bank, an organisation that buys plastic collected by people in Haiti, Indonesia and The Philippines, and recycles it to stimulate local economies. With by Humankind stating that each US consumer generates about 22lb of plastic per month, the subscription price is based on the cost of collecting this amount of plastic, as well as administrative costs for by Humankind.

‘Plastic Bank creates jobs by paying local collectors a premium for each pound of ocean-bound plastic waste they collect,’ explains a statement on the by Humankind website. ‘The waste collected is then recycled into products and packaging, creating a closed-loop supply chain.’

Through such waste management subscriptions, consumers and brands have the opportunity to invest in long-term solutions. Similarly, in the travel sector, Aerial is simplifying travel carbon offsetting for flyers.

Life Support is a platform for digital grieving

Life Support by The Liminal Space, UK Life Support by The Liminal Space, UK
Life Support by The Liminal Space, UK Life Support by The Liminal Space, UK

UK – Design studio The Liminal Space has unveiled Life Support, a digital platform opening up conversations around loss and grief.

Noting that a third of people think about death or dying at least once a week, the mobile-first website provides advice on discussing death, dying and grieving for people of all ages. This ranges from how to broach dialogues between parents and children to personal stories from those who have experienced end-of-life care.

Allowing users to navigate through questions such as, 'I want to know what dying looks like', and 'How do I help someone have a good death?', downloadable tips are also available for users who want to facilitate offline conversations with loved ones. ‘This year has made conversations about death and dying even more challenging, with people more likely to be distanced from their loved ones,’ says professor Sir Robert Lechler PMedSci, president of the Academy of Medical Sciences, a supporter organisation of the platform.

As the narrative surrounding death shifts, there is a larger movement of optimistic end-of-life planning. For more read our Death Positivity market.

Google Pay moves into conversational banking

Global – Google Pay is updating its services to better reflect the needs and behaviours of its users by introducing chat-based finance management.

Moving away from the standard method of showing transactions in a list format, the new Google Pay app takes inspiration from familiar messaging apps. It organises transactions around friends and businesses that users interact with the most, allowing people to pay, see past transactions and find offers all based in dedicated chat boxes.

If users need to split a bill, rent or other expenses, chat groups will allow users to see who’s paid and to keep track of how much money is still owed. Also integrated into the new app update is improved organisation and saving capabilities. For example, the app will allow users to redeem and activate coupons in-app, without having to visit external sites.

With many consumers shifting their entire money management to mobile, brands are having to innovate in a way that genuinely responds to these habits – avoiding novel approaches that rehash traditional banking services.

Google Pay

Stat: Fashion’s fiscal downturn paves the way for re-invention

Homecoming and Browns 2020, Nigeria Homecoming and Browns 2020, Nigeria

The annual State of Fashion report by McKinsey & Co and The Business of Fashion (BoF) has revealed the ramifications of Covid-19 on the fashion sector.

Owing to the pandemic, profit in the global fashion sector is projected to fall by 90% in 2020. Sales in Europe are expected to decline by 22–35%, while in the US they are set to fall by 17–32%. Less impact will be felt in China, with sales expected to fall 7–20%. According to the report, it will take up to two years for revenues to match those in 2019, and the earliest signs of recovery will be in Q3 2022.

Highlighting the long road to recovery in the sector, the study shows how the pandemic has prompted ‘a long overdue reckoning for the business, creating an opportunity for industry re-invention and reset in the coming years,’ according to Imran Amed, founder and CEO of Business of Fashion. He adds: ‘In the post-coronavirus world, the fashion system will need to be rewired to become more responsible, more sustainable and more human.’

As fashion counts the cost of its impact, we future-gaze to 2030 and posit an era when fast fashion is tracked and rationed to reduce people's footprint.

Previous News Articles
Photoroom and OkCupid launch AI ex-termination editing tool

News

Photoroom and OkCupid launch AI ex-termination editing tool

AI-powered photo editor Photoroom and dating platform OkCupid have joined forces to launch a new feature called Erase Your Ex.
AI : Youth : Technology
Battersea Power Station debuts Botanical Atelier embroidery pop-up

News

Battersea Power Station debuts Botanical Atelier embroidery pop-up

Battersea Power Station is set to blossom this spring with its latest offering, the Botanical Atelier embroidery pop-up, adorning fashion and homew...
Fashion : Retail : Spaces
Wow Bao and Flaunt bring loyalty programme to Roblox

News

Wow Bao and Flaunt bring loyalty programme to Roblox

Wow Bao, the renowned fast-casual Asian street food concept, has embarked on a journey into the metaverse by partnering with Flaunt to pioneer the ...
Retail : Technology : Gaming
Stat: Boston Consulting Group forecasts revenue surge from AI consulting

News

Stat: Boston Consulting Group forecasts revenue surge from AI consulting

Renowned consulting firm Boston Consulting Group (BCG) anticipates a significant leap in revenue this year, with AI consulting services projected t...
AI : Technology : AI Consulting
The Future Laboratory co-founders headline Future Hospitality Summit Saudi Arabia

News

The Future Laboratory co-founders headline Future Hospitality Summit Saudi Arabia

The Future Hospitality Summit (FHS) invited the world's most influential hospitality investment decision-makers to the Middle East to connect, exch...
Hospitality : Foresight : Travel
Livity unveils vibrant brand identity for breast cancer charity

News

Livity unveils vibrant brand identity for breast cancer charity

Creative agency Livity has spearheaded a brand overhaul for CoppaFeel!, the UK's breast cancer charity focused on young people.
Youth : D&I : Health
Foresight Friday: Seyi Oduwole, intern

News

Foresight Friday: Seyi Oduwole, intern

Every Friday, the Future Laboratory team offers an end-of-week wrap-up of the topics, issues, ideas and virals we’re all talking about. This week, ...
Foresight : India : Climate Change
Stat: Pre-loved fashion and accessories have longer usage and lifespans

News

Stat: Pre-loved fashion and accessories have longer usage and lifespans

Vestiaire Collective, the French luxury fashion resale platform, has released its third Circularity Report to underscore the economic and environme...
Fashion : Second Hand : Retail
Sofitel Hotels celebrates cultural encounters in Mexico City

News

Sofitel Hotels celebrates cultural encounters in Mexico City

Sofitel Hotels & Resorts is showcasing its commitment to cultural connectivity with a short new film.
Travel : Luxury : Hospitality
Nissan unveils new AI-powered vehicles at the 2024 Beijing Motor Show

News

Nissan unveils new AI-powered vehicles at the 2024 Beijing Motor Show

Nissan has presented four new experimental cars at the 2024 Beijing Motor Show.
Mobility : AI : Technology
You have 2 free News articles remaining. Sign up to LS:N Global to get unlimited access to all articles.
BECOME A MEMBER
SIGN IN

What do we use cookies for?

We use cookies to enable the use of our platform’s paid features and to analyse our traffic. No personal data, including your IP address, is stored and we do not sell data to third parties.

Learn more