Jul. 30, 2020
The fashion industry is in need of a reset. Pandemic and global shutdowns have caused loss and disorder. Hyper-efficiency, once the gold standard of the supply chain, has become a liability, as gaps in supplier cadences, lack of available airfreight, and blank sailings undermine just-in-time manufacturing.
In the wake of the voluminous disruption, three factors are reshaping the fashion marketplace:
In an industry that relies on seasonal demand to move product, today’s striking unpredictability is pushing businesses to adapt or die. Especially since air—so critical for meeting that seasonal demand—has been largely out of commission due to urgent shipments of personal protective equipment.
Apparel businesses are now pressed to identify ways to operate with far more agility and look for ways to improve forecasting accuracy. Key to this transformation is data and technology, which, when combined with logistics expertise, can streamline shipments for ongoing business continuity—even in the face of a pandemic. But the transformation also relies on fresh approaches to overall supply chain management.
To learn more about how fashion brands can regain control of the supply chain during a time of volatility, download The Fashion Supply Chain: Lessons and Strategies to Move Fashion Forward Amid Disruption.
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