The pressure is on for further investment to link supply chain activities and PLM activities together and make combined investments with a goal of achieving business agility in an increasingly complex global environment.
Your journey to cross-channel effectiveness and customer-experience mastery begins with six interconnected steps. By taking these steps thoughtfully and actively, you can position your apparel company to compete more effectively in our now thoroughly connected retail world.
This year previous areas of investment should see big return, with social commerce, in-store technologies, and artificial intelligence becoming more widely adopted and fully integrated into the everyday shopping experience.
From magic mirrors that enable customers virtually try on various outfits, to using AI algorithms to predict future style trends, apparel brands are using new technologies to bring greater automation and personalization to every facet of the shopping experience.
For fast-fashion retailers that are determined to compete in the fast-paced online world, it is critical to digitize supply chains and be capable of analyzing real-time sales data to understand where customers’ preferences are trending.