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Key Trends Shaping the Future of Fashion Retail

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Manage episode 449989379 series 1532844
Content provided by Supply Chain Now. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Supply Chain Now or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

In this episode of Supply Chain Now, Scott W. Luton and Karin Bursa are joined by Ellen Meiner, Founder and Principal of the Ellen Meiner Consulting Group, and Kerry Fogarty, Senior Vice President of Client Relations at PartnerLinQ, for an insightful conversation about current and future insights of the fashion retail industry.

The panel explores key trends shaping the fashion industry, focusing on the critical role of AI and machine learning in demand planning and forecasting. Ellen and Kerry share insights on how these technologies are being leveraged to transform data into actionable insights, driving more precise forecasting and inventory management. They also discuss the complexities of data integration, sustainability challenges, and the importance of creating a data-driven culture to stay ahead in a rapidly evolving market.

Tune in to learn how fashion retail leaders can navigate today’s fast-paced, multichannel environment by embracing technology, optimizing supply chains, and ensuring they are prepared for future disruptions.

Jump into the conversation:

(00:00) Intro

(06:02) Trends in fashion retail: Data complexity and multichannel integration

(08:23) The role of AI and machine learning in demand planning

(12:20) Challenges in data integration and moving beyond spreadsheets

(15:15) Trusting data: Overcoming organizational silos

(17:52) Scenario planning and navigating economic volatility

(21:30) Optimizing inventory with AI-driven forecasting

(24:45) The importance of building a data-driven culture

(29:08) Addressing scalability challenges in the fashion industry

(33:14) The role of AI in improving consumer insights and sustainability

(38:06) Practical steps for fashion retailers to embrace technology

(42:12) Collaboration across departments for better forecasting

(46:05) Final takeaways and actionable advice for fashion leaders

Additional Links & Resources:


This episode was hosted by Scott Luton and Karin Bursa, and produced by Amanda Luton. For additional information, please visit our dedicatd show page at: https://supplychainnow.com/key-trends-shaping-future-fashion-retail-1350

  continue reading

580 episoade

Artwork
iconDistribuie
 
Manage episode 449989379 series 1532844
Content provided by Supply Chain Now. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Supply Chain Now or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

In this episode of Supply Chain Now, Scott W. Luton and Karin Bursa are joined by Ellen Meiner, Founder and Principal of the Ellen Meiner Consulting Group, and Kerry Fogarty, Senior Vice President of Client Relations at PartnerLinQ, for an insightful conversation about current and future insights of the fashion retail industry.

The panel explores key trends shaping the fashion industry, focusing on the critical role of AI and machine learning in demand planning and forecasting. Ellen and Kerry share insights on how these technologies are being leveraged to transform data into actionable insights, driving more precise forecasting and inventory management. They also discuss the complexities of data integration, sustainability challenges, and the importance of creating a data-driven culture to stay ahead in a rapidly evolving market.

Tune in to learn how fashion retail leaders can navigate today’s fast-paced, multichannel environment by embracing technology, optimizing supply chains, and ensuring they are prepared for future disruptions.

Jump into the conversation:

(00:00) Intro

(06:02) Trends in fashion retail: Data complexity and multichannel integration

(08:23) The role of AI and machine learning in demand planning

(12:20) Challenges in data integration and moving beyond spreadsheets

(15:15) Trusting data: Overcoming organizational silos

(17:52) Scenario planning and navigating economic volatility

(21:30) Optimizing inventory with AI-driven forecasting

(24:45) The importance of building a data-driven culture

(29:08) Addressing scalability challenges in the fashion industry

(33:14) The role of AI in improving consumer insights and sustainability

(38:06) Practical steps for fashion retailers to embrace technology

(42:12) Collaboration across departments for better forecasting

(46:05) Final takeaways and actionable advice for fashion leaders

Additional Links & Resources:


This episode was hosted by Scott Luton and Karin Bursa, and produced by Amanda Luton. For additional information, please visit our dedicatd show page at: https://supplychainnow.com/key-trends-shaping-future-fashion-retail-1350

  continue reading

580 episoade

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