According to Mintel, 81% of consumers who buy clothes that fit right are much more likely to buy from that brand again. However, with $642.6 billion worth of merchandise returned annually, it’s clear that the fashion and apparel industry is having a difficult time perfecting fit. What has built the brands with staying power like Ralph Lauren for example, is their ability to design great products, using great fabric, and always having a consistent fit.
Times Are Changing: The Role of #fashiontech in Sustainable Fashion
Sustainability has been a hot topic in the news the past couple of years. There has been a strong sense of urgency to start living a cleaner and eco-friendlier lifestyle, with hopes to slow the possible irreversible effects on the environment and leave the future a better place.
Consumers are beginning to take preventative measures, with help from companies who have begun to raise awareness, to limit the amount of waste they are putting into the environment. One big area of focus is textile use. Consumers are taking a stand when it comes to participating in sustainable fashion. In 2015, The Environmental Protection Agency estimates that 10.5 million tons of textiles wound up in landfills.
Made-in-the-USA Apparel Manufacturing: The Journey, the Resurgence and Solutions to Meet a Growing Demand
Ensuring Profitable customization of Automotive Interiors
In the US, Automotive businesses specializing in interior repair or design of aftermarket products are on the rise. The industry employs about 337,629 people, rakes in roughly $42 billion annually, and grew more than 2.0 percent per year between 2012 and 2017.
Yet, even with this increased demand, the economics of building and sustaining these businesses can be extremely challenging. Transitioning to digital solutions has proven to be an easy-to-implement and cost-effective way to address this challenge.