Fashion retail has been at the forefront of most consumer-led businesses globally. There have been shifts in the consumer demographics over the last few years. With the addition of the Millennials and the Gen Z, the new consumer is more discerning, wants to experiment and therefore looks for newness in products. Global consumer also demands more convenience and expediency. They want it now and they want it here. They are present on all types of social media and are greatly influenced by it.
All these have significant implications for the fashion industry around the world. The traditional strategies of retail and sourcing are becoming redundant, paving way for more agile supply chains which are enabled to service the new consumer better.
Fashion players around the world need to focus on improving the consumer shopping experience, make best use of the social media channels, get digital ready and make sustainability their top priority.
Today, these trends not only impact the fashion players in developed markets like US, Europe, Japan, but also in the Asian and other growing economies. Our panellists will present a global outlook on these substantial topics and provide lot of important insights and examples from around the world, which will be useful for all the stakeholders in fashion retail.