While fashion is often seen as an edgy, innovative industry, its digitization has been much slower than many others. A number of factors contribute to this delay – read more about them and what needs to happen in order to make the shift in our blog post here.
Fashion is slowly making the shift from analog to digital processes – but it’s not an easy transition. Strong traditions across global industry players as well as a heavy reliance on physical interactions make the change a challenging one. Learn more about what’s driving the shift versus hindering it.
If you haven’t already started digitizing your materials and components, 2022 is the year to make it happen. The industry is increasingly moving toward the digital realm, and now is the time to join the movement. Find out why this transition is so important, and how you can easily digitize your own materials!
As a material supplier, you know the growing importance of digitizing your inventory. Our recent industry survey shows that 49% of suppliers and 45% of buyers each spend more than €10,000 per year on physical samples. The need for digitalization as a cost-saving measure is clear. What’s more, the vast majority of brands value 3D material visuals, meaning 3D visuals are a great way to differentiate yourself as a supplier in this increasingly digital landscape.
Check out our latest blog post and learn how to determine the right digital format to convert your physical materials into digital versions!
Sourcing footwear and apparel materials has historically been time-, travel-, and resource-heavy; the time has come to streamline the material sourcing value chain with technology.
Traditionally a belly-to-belly transaction, the process of sourcing and then managing materials has been analog-based and relied on multiple, separate systems. This has resulted in a slow and complex go-to-market journey; our recent survey (source: Digital Sourcing Report) shows it can take up to 40 weeks – nearly a year! – to source materials and get a product to market.
Ecommerce and the digital economy have leveled the business landscape as audiences, including buyers and end-customers, now expect efficient digitalization and comprehensive product information. As a result, these expectations have reached apparel and footwear material sourcing which has changed the game for suppliers. Suppliers face business challenges today that did not exist just a few years ago. The good news is there are also new opportunities to reach buyers that were not possible previously.
Material sourcing has evolved; we are currently in the fourth wave of industry maturity. No longer is it enough to rely on physical systems and fax machines to transact business. Today’s savvy industry buyers and suppliers know material sourcing today is about managing the entire lifecycle of material design, fabrication, and distribution with less cost and faster time-to-market using technology.