The top-performing public apparel firms are working diligently to meet consumer demand with innovative product, fast delivery and seamless experiences across channels, while facing down the challenges of a swiftly changing retail world.
In the past decade or so, with the rise of e-commerce, consumer visibility into retail competitor portfolios, localization and personalization of goods and experiences, and the globalization of sourcing, retail supply chains are facing risks of unprecedented complexity and volume.
The news is not what Amazon brings to American retail. The news is what Amazon doesn’t have, at least not yet. There lie the risks and opportunities for itself and others, at least in the fashion apparel space. What are the haves and the have nots that drive those perils and opportunities? Read on.
Without a widespread, organized way to exchange e-commerce product attributes, the retail industry could risk creating extra work, errors and confusion, causing customers to have a disconnected experience.