What If Fashion Forecasted Climate Disasters Instead of Trends?
Invite-Only Fashion Supply Chain Slack Group / APPLY NOW
Made to Measure
”Lisa Morales-Hellebo, co-founder of Refashiond, a venture capital firm that invests in companies that are reinventing supply chain, agrees: ‘The only way that current companies do not have to close in the next 10 years is through reinvention and undoubtedly customization and low production demand are the future if they are optimized thinking about people, planet and profits.’”
Lisa Morales-Hellebo, Fixing Fashion’s Supply Chain Problems By Pushing Limits
To Survive the ‘Apocalypse’ Retail Must Think Global, Act Hyper-Local
Where Will Technological Disruption in The Fashion Supply Chain Come From?
This is the second in a series of six articles about problems and opportunities in global supply chains, with a focus on the fashion industry. In this article we focus on trying to learn how executives at fashion industry incumbents may learn how to predict technological disruption in order to develop appropriate responses to the evolving environment that surrounds their companies. We start by briefly surveying some of the theory about disruption. Then, we delve into a series of brief historical analyses of technological disruptions in a number of industries. We try to understand those episodes by using the theoretical foundations developed earlier. Finally we ask the question that forms the basis for this article, by posing questions about potential sources of disruption in the global fashion industry, the issues that every team of c-level executives in the industry worries about daily.
The Fashion Supply Chain Is Broken
Authors’ Note: This is the first in a series of six articles about problems and opportunities in global supply chains, with a focus on the fashion industry. This article frames the problem. The next article will delve into a historical analyses of technological disruption, from the perspective of risks and uncertainties for the fashion industry.
Executive Summary: Recent trends present incumbent companies in the global fashion industry with challenges and opportunities related to innovation in supply chain. In this article, we discuss how a historical top-down approach to business is giving way to an emerging bottom-up approach that is driven by consumer preferences. This is placing stresses on fashion supply chains which the industry can only address by adopting a collective, collaborative, ecosystem-driven approach to innovation.
The fashion supply chain is broken and must be refashioned. This is the conclusion we have come to after studying the issue, starting in 2014.