In Apparel’s 2nd annual Technology Outlook, reducing product costs stands out as the key business initiative for the second year in a row, with improving the e-commerce experience the top priority in terms of supporting growth in 2019.
Although enabling agility, optimizing efficiency and driving sustainability are not new value-driving capabilities, technologies such as robotics, analytics, digitization and block chain are critical to enabling these capabilities for next-generation sourcing enterprises.
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.
Physical stores and online shopping have been tiptoeing around each other for years, but continued integration of technology is acting like an enzyme in the shopping mix, forever changing both entities to create a third and far more exciting experience for consumers and companies alike.
With unified enterprise systems for greater inventory visibility, algorithms designed to gain deeper product and customer insights, 3D for faster and more efficient design
and development, and much much more, this year’s Innovators are addressing and fulfilling consumer demand.