The apparel industry is leveraging technology more
than ever before, to drive efficiency and streamline processes, with leading
brands at the forefront of this transformation.
In the ever-evolving apparel world, staying ahead of the curve is vital and technology is helping to deliver on just that.
Today, the apparel industry is
undergoing a digital revolution that promises not only to transform the way
garments are designed, produced, and sold but also to enhance overall
efficiency with technology driving innovation across the board from streamlined
supply chains to personalised shopping experiences.
A recent report from GlobalData suggests the global retail
Internet of Things (IoT) market will be worth $62.4bn by 2027 with IoT
supply chain monitoring becoming increasingly popular and significantly
improving efficiency for apparel retailers.
Zara’s parent company Inditex, Uniqlo’s parent company Fast Retailing, Chinese online retailer JD.com, UK retailer M&S and US sports brand NIKE are among those identified as leading adopters of
IoT in apparel.
Last week, Amazon adopted its Just Walk Out in-store technology to include
RFID, which is widely used for inventory tracking in retail, to create
checkout-free shopping for its apparel buyers.
A separate report published by Penn State’s Smeal College of Business
found how a business model based on mass customisation can support the fashion
apparel industry’s fight to decrease its environmental impacts while staying
profitable.
In the fashion industry,
efficiency is no longer a luxury but a necessity. Technology has become the
driving force behind transformative changes, from design to manufacturing to
retail.
As consumers become
increasingly tech-savvy, fashion brands that embrace these innovations are
better positioned to not only thrive in the competitive market but also
contribute to a more sustainable and customer-centric industry.
It seems the future of fashion
is undoubtedly digital, and those who adapt and leverage technology will lead
the way in boosting efficiency and revolutionising the industry.
By Just Style