Thursday, January 24, 2019

Resilient Fashion

The fashion industry is undergoing a seismic change. We can see and analyze this change through the latest news about the sector, in specialized media and in the reports of international consultants. The report The State of Fashion 2018- FOB...
Even as the fashion industry and sector are facing an unstable and complex reality, we recognize that supply professionals have high hopes that they will be able to generate and develop the tools and structural responses to successfully manage...
The textile industry in India The Indian apparel industry, which is the second largest contributor to the retail industry after the food industry, is immersed in the middle of profound and disruptive changes and of course it grows, not only...
No report or content on digitization and its impact on the fashion, textile and apparel industry would be complete without a focus on production automation. Obviously, this would lead to a thorough revision of the sourcing strategy with a...
To unleash the full potential of digitization, fashion supply executives must harness technology to accelerate the transformation of internal processes, external partnerships, and organizational culture. There are five foundations that executives can or should start building today to solidly support...
Retail supply data & Perspective. CBX Software's Retail Sourcing Report provides research and analysis to inform about sourcing and purchasing decisions for retailers, brands and other sourcing professionals. Each quarterly edition includes an overview of key information that impacts global sourcing,...
If fashion and retail are to achieve their goals in the digitalization of their supply, they must increase their focus and go beyond the core areas and processes of their supply chain. If they have chosen to transform their...
The Institut für Textiltechnik - ITA - is one of the leading research institutes in the field of materials, production processes and products for technical applications of textile structure. Together with the international consulting firm McKinsey and several technology...
It is clear that digitization has enormous potential to accelerate transformation in apparel provisioning. But where are textile and fashion companies and their suppliers today on the road to digitization? We know, and the results of surveys by international consulting...
We analyzed in the previous post the process of digitalization in the sector and how to implement it. We also mentioned that in the next post we would list and analyze the four main applications of digitization according to...
To date, the promise of digitalization in the fashion industry has not been fulfilled. Compared to other sectors, the fashion industry is currently in the first steps of its long journey towards digitalization, both in terms of purchasing and...
In the previous article - The New Model of Fashion Sourcing - we stated that digitalization should not be understood individually, as a possibility of salvation in itself, but rather as an integrating element within the fashion supply chain....
Although low-cost sourcing origins remain a fundamental part of the global apparel supply chain, there is a growing trend of nearshoring and relocation. This ongoing process is driven by the pressure that companies and fashion brands face to increase...
In recent years the determined and repeated process of buyers of fashion companies, who have had to face the reduction of margins and the constant increase in purchasing costs, has been to change the origin of production to countries...
When industry executives were asked to conceptualize the fashion industry in one word, they expressed three words that outperformed all others: "uncertainty," "challenging," and "changing". They also said that dealing with uncertainty and global economic changes is their biggest...
What will be the new stop of the fashion sourcing caravan? McKinsey asks the same question in the report "The apparel sourcing caravan's next stop: Digitization". As you can see, the very name of the report gives us the answer....

SOCIAL MEDIA

5,991FansLike
802FollowersFollow
6,503FollowersFollow
1,564FollowersFollow