Driven by the purchasing power of Millennials and Gen Z shoppers, as well as the mega markets of countries like China and India, fashion and luxury retail is changing. Fashtech is being used to self-disrupt and innovate in all areas from design through supply chains to point of sale. We look at issues including sustainability and ethical fashion, challenges and opportunities in China, the rising power of influencers, and efforts to combat modern slavery.
As Millennials and Gen Z become the most significant group of consumers for fashion and luxury retail, and with an explosion of purchasing power in the mega markets of India and China, the industry is harnessing disruptive technology and adapting business models.
MehrGovernments and consumers are increasingly demanding transparency into the fashion supply chain. This can be a challenge for businesses with long and complex supply chains.
MehrLove Island is back and with it comes a fresh tranche of fledgling influencers, itching to flog their image and their voice to the highest bidder on return to the mainland. Brands large and small will be falling over themselves to ensure that their chosen 'ambassadors' flex the latest accessory on Instagram, tout the freshest makeup in a YouTube tutorial, and sport the newest active wear on Twitter.
MehrEthical and sustainable fashion is increasingly on the industry's agenda and 2019 appears to be a year of significant awakening for many luxury players.
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