This reality is clearly borne out in the industry’s financial performance. Sales progress seems set to slow to a mere 2 or, at most, three percent by the shut of 2016, with stagnating revenue margins. Speculation and uncertainty over the repercussions of the US election consequence may further dampen client sentiment and affect gross sales. This is in stark distinction to the fashion industry’s efficiency over the earlier decade, which noticed the industry expand at 5.5 p.c annually. Shortening lead occasions requires major adjustments to the standard business mannequin and provide chain, and a shift in focus to a customer-centric model.
We kick off our ten key themes for this yr by taking the temperature of the worldwide economy and analyzing the complex impacts of the pandemic as it continues its unpredictable progress. Amid these difficult dynamics, the imperative for manufacturers shall be to safe their recovery. At the identical …