7 Technology Trends Transforming the Fashion Supply Chain Process
7 Technology Trends Transforming the Fashion Supply Chain Process
Technology is reimagining the fashion industry’s supply chain from sourcing to production. Brands and retailers can now optimize their operations thanks to cutting-edge technology. With improved efficiency, process automation, and real-time data, companies can now focus on their bottom line.
1. Digital sourcing
In the past, sourcing was a time-consuming process as it required traveling to different parts of the world to find the right materials. However, with the advent of digital platforms, brands and retailers can now seamlessly search and purchase materials from the comfort of their own offices, revolutionizing the sourcing process.
2. Artificial intelligence
Once the materials are sourced, the next step is designing. AI-powered software can create new designs based on existing patterns, colors, and styles. It saves time and money and allows for more creativity and experimentation.
3. 3D Printing in manufacturing
When it comes to manufacturing, 3D printing is the next big thing. Brands and retailers can now produce prototypes and even finished products quickly and at a lower cost. This speeds up the manufacturing process and allows for more customization and flexibility.
4. Internet of Things
IoT-enabled devices can track products through the supply chain, providing real-time visibility into inventory levels, delivery times, and more. This helps the brand manage its supply chain risks and ensures higher efficiency.
5. Blockchain Traceability
Blockchain technology aims to overhaul the supply chain, illuminating every step of a product’s journey from source to consumer. With transparency and traceability at their fingertips, brands can confidently track their goods and know precisely where they are at all times.
6. Virtual reality in retail
Finally, technology is also changing the way that fashion products are sold. Virtual reality (VR) is becoming an important tool in retail, allowing customers to try on clothes and accessories in a virtual environment before they make a purchase. This improves the shopping experience and reduces the need for physical inventory and returns.
7. Augmented reality
AR allows brands and retailers to showcase their products engagingly. With AR, customers can see how a product would look on them before they make a purchase, and it also allows for a more interactive and personalized shopping experience. And according to Valuates Reports, AR in Retail market size will touch US$ 6.7 Billion by 2028.
Harness the transformative power of technology
Technology is transforming the fashion and apparel industry every step of the way. For fashion brands seeking to streamline their supply chain, Moglix is the ultimate solution. With its all-in-one approach to fashion procurement, Moglix simplifies operations for apparel and textile companies, offering a seamless and efficient way to stay ahead of the competition.
