The fashion landscape is evolving and the COVID-19 pandemic has only further accelerated trends and challenges that the industry faced prior to the crisis. As sales decline, store closures continue, and consumer behavior changes, the fashion industry is struggling to keep up. A report by McKinsey found that economic profit in the industry declined by 93% in the previous year.

Color is a vital part of all goods manufactured and plays a crucial role in the sales success of any product. Due to this, it is essential for businesses to achieve the desired color accurately and as quickly as possible during the production stage.

Frequent shocks and disruptions, such as the COVID-19 pandemic and other natural disasters, have a major impact on businesses and tend to expose gaps and vulnerabilities that exist in their global value chain. As a response, leaders across various industries are becoming more aware of their supply-chain processes and are looking to increase resiliency and transparency.

Artificial intelligence and machine learning is reshaping the entire fashion value chain, from designing and manufacturing to marketing and sales. Industry leaders are leveraging AI technologies to gather data and improve overall performance from top to bottom for a more seamless customer experience.

A global sourcing company sought to improve their supply chain by digitizing data acquisition and quality management operations. With widely distributed processes and the need for seamless, uninterrupted communication between stakeholders, real-time data exchange for quality control was critical.

In recent years, there has been a shift to more technologically advanced processes which has altered the way consumers interact with businesses. As customer preferences evolve, businesses are forced to re-evaluate their existing structures. To adapt to the new normal and improve overall performance, businesses need to digitize. Organizations that are slow to adopt risk failure in this highly competitive and uncertain environment.

The COVID-19 pandemic has radically transformed the way the world works. Many businesses have gone into survival mode while others have been forced to close their doors permanently. The crisis has caused severe disruptions to the global supply-chain and inherently changed consumer behavior.

The climate crisis is a pressing issue that is heavily impacting the fashion industry and consumer behavior. As consumers across the globe become more aware, there is an increased demand for sustainability. Even amidst the pandemic, sustainability remains a top priority for stakeholders.

Chief Operating Officer (COO) of Lulusar, Fawad Shah, shares his thoughts on technology in the fashion industry, the impact of the COVID-19 on businesses, sustainability, and the future of fashion.

Color is a vital part of all goods manufactured and plays a crucial role in the sales success of any product. Due to this, it is essential for businesses to achieve the desired color accurately and as quickly as possible during the production stage.

Frequent shocks and disruptions, such as the COVID-19 pandemic and other natural disasters, have a major impact on businesses and tend to expose gaps and vulnerabilities that exist in their global value chain. As a response, leaders across various industries are becoming more aware of their supply-chain processes and are looking to increase resiliency and transparency.

Artificial intelligence and machine learning is reshaping the entire fashion value chain, from designing and manufacturing to marketing and sales. Industry leaders are leveraging AI technologies to gather data and improve overall performance from top to bottom for a more seamless customer experience.

In recent years, there has been a shift to more technologically advanced processes which has altered the way consumers interact with businesses. As customer preferences evolve, businesses are forced to re-evaluate their existing structures. To adapt to the new normal and improve overall performance, businesses need to digitize. Organizations that are slow to adopt risk failure in this highly competitive and uncertain environment.

The COVID-19 pandemic has radically transformed the way the world works. Many businesses have gone into survival mode while others have been forced to close their doors permanently. The crisis has caused severe disruptions to the global supply-chain and inherently changed consumer behavior.

The climate crisis is a pressing issue that is heavily impacting the fashion industry and consumer behavior. As consumers across the globe become more aware, there is an increased demand for sustainability. Even amidst the pandemic, sustainability remains a top priority for stakeholders.