Few off-the-shelf solutions are designed to integrate the fashion value chain from end to end, meaning companies need to build custom solutions.
Integrated, digitally enabled value chain solutions can help brands see up to a 50 percent increase in speed to market, up to 8 percent rise in full-price sell through and up to a 20 percent decline in manufacturing costs.
The special edition of The State of Fashion report by The Business of Fashion and McKinsey & Company explores the great tech acceleration gripping the industry. Download the full report to understand the key imperatives that are spurring top brands and retailers to ramp up investments in technologies from AI to blockchain, to both address pain points and boost their competitive edge.
Read the latest BoF Insights report to get BoF’s perspective on the state of the fashion industry’s supply chain model, plus data-driven guidance on how companies can strengthen their supply chains in the face of pandemic and geopolitical challenges.