With the demand for sustainable fashion supply chains, transparency & visibility across the whole supply chain has become incredibly valuable. Everyone, from vendors, factories, to auditors, and end consumers, is beginning to look beyond the outfits on a mannequin. The focus on transparency is becoming the cornerstone of the real commitment towards strategic collaborations.
Most retailers evaluate the front end of the online store that customers interact with, but they almost never consider the back end of how they were formed. Consumers today expect apparel and fashion retailers to meet their demands swiftly and at the most affordable prices. More importantly, they also seek flexible shipping and a consistent omnichannel contextual experience.
Online and offline shopping are now more complimentary than ever. Increasing customer power & preferences is compelling fashion retailers to revisit omnichannel retailing from a renewed angle.
Suffering from the consequences of the Pandemic, the fashion industry after 3 years has begun to find its feet but the journey ahead is not as simple as one might imagine. The Pandemic acted as a catalyst and forced major fashion organizations to question their traditional mode of doing business. Changing consumer behavior, the emerging digital frontier, and a highly volatile demand are some of the factors that are forcing fashion organizations to reevaluate their key priorities.
The past few years have uncovered new dimensions of innovation across transportation, distribution, manufacturing, and healthcare. The impact of the Internet of Things (IoT) and advanced AI/ML has the potential to reshape how apparel, fashion, and footwear industries operate as well by introducing these technologies to the shop floor control. The question is how can IoT & AIoT add value to the apparel, fashion and footwear industries?
The fashion industry is at the cusp of transformative change and leading this change is Microsoft Dynamics 365 for fashion and cloud technology. Industry cloud for fashion is a breakthrough approach as it will enable fashion businesses to adopt an agile and modern infrastructure that is powered by a resilient supply chain, a compact connected commerce framework, digital sourcing, and intelligent planning.
5 Ways HauteLogic Can help you Optimize Inventory Levels
With ongoing supply chain disruptions, it becomes vital for fashion, apparel, and footwear organizations to streamline their inventory by leveraging an intuitive apparel management software.
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In modern data management, data observability is a critical component. It involves continuous monitoring and analysis of data pipelines and workflows to ensure that data is accurate, reliable, and meets quality standards. Data observability aims to make sure that the data being used by organizations is trustworthy and can support strategic, data-driven decisions. Modern companies need to monitor data across many tools and applications. Data observability can help companies understand, monitor, and manage their data across the full technology stack and data ecosystem.
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In the fast-paced world of B2B eCommerce, driving sales and staying ahead of the competition is crucial. To unlock new opportunities and boost revenue, businesses need to embrace innovative strategies. One such strategy that has been transforming the B2B eCommerce landscape is Live Commerce. As stated in a July 2021 McKinsey report, Live Commerce has the potential to contribute 10 to 20 percent of total e-commerce sales by 2026, drawing insights from China's success.