There’s a new swarm of buzzwords in apparel business software — big data, analytics, and optimization are being discussed in boardrooms worldwide, and for good reason. New technology is making it possible to gather data like never before, enabling you to turn that data into meaningful insights that will help you run your business more efficiently.
The Apparel Business Blog
Managing your apparel supply chain isn’t easy — with shipping issues, constantly changing tariffs and taxes and the unpredictability of demand, optimizing your sourcing, production and in-store inventory can be a real challenge. Thankfully, technology can help you get control of the situation.
Running an apparel business isn’t easy – there are dozens of problems you have little control over that can put big roadblocks in your supply chain. Anything that stops or slows the transit of goods can be considered a supply chain barrier. Whether it’s inadequate infrastructure in the nation where you source your fabrics, or constantly changing tariffs in countries where own an apparel warehouse, these barriers can scuttle your company’s profits and introduce frustrating unpredictability into your day to day work.
Sustainability is one of the biggest buzzwords in the manufacturing industry today. A recent study found that 66% of consumers worldwide and 64% of consumers in North America prefer to buy products and services from firms that give back to society. The same study found that environmental sustainability topped the list of concerns from consumers, with 66% of respondents saying it was their primary issue.
With the rapid growth of technology, customer trends are changing faster than ever. Thankfully, these changes have come at the same time as huge advances in enterprise resource planning software and analytical tools. Showrooming, webrooming and the widespread adoption of smartphones are changing the way customers interact with retailers. With a little work, you can use your planning tools to stay ahead of the trends and keep your customers coming back.