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.
For more than a decade, Apparel magazine and Kurt Salmon, part of Accenture Strategy, have teamed up to look at the elements involved in global sourcing excellence for apparel. This 12th annual Report explores some emerging technologies — such as 3D, sewing automation, blockchain and analytics — that retailers may adopt in the next three to five years to further augment their sourcing operations. It also examines how proper planning and investment will be necessary to handle the complexity of developing, adopting and embracing these technologies and integrating them successfully.
The best time to make an investment in yourself is when the sun is already shining on your business, and you have money to spend. Because even if you’ve hit a sweet spot, you can rest assured that resting on your laurels will give some other company an opportunity to knock you off of it.