Archive for the ‘global fashion’ Category
Fashion Industry – Emerging Challenges and Opportunities
Fashion is no longer a luxury and today it has become a necessity because of the need to look good has also become a necessity. The world requires movement of people across cities, countries and regions and when people meet each other they would like to be identified as those who are contemporary when it comes to fashion design and other fashion accessories. Keeping this fact in mind it is very necessary for companies to respond very quickly and rapidly to the changing customer’s design needs and requirements. Even a few days’ delay might prove very costly and therefore there is a constant need for information exchange at various levels of the distribution chain in regard to customers’ fashion needs. The global fashion industry is one complicated lot of supply chain and production logistics. What is a fashion trend is one country does not mean that the good and services related to such trends are manufactured in that country itself. Labor and production costs play a very important role and hence such trendy materials and accessories may be actually manufactured in some other region or country. So logistics and movement of goods play an important role in defining the success or otherwise of this industry.