We additionally anticipate to see a rise in M&A exercise as corporations reap the benefits of low valuations and grab share in fast-growing markets. [newline]Still, we don’t consider the curtain is falling on bodily channels. Instead, from the wreckage of 2020, a sleeker, extra targeted offeringwill emerge. That offering will mix the most effective of human and automated services—the starting of a very “bionic” buyer expertise. Download The State of Fashion 2022, the complete report on which this text relies (PDF–14MB).
- Like different kinds of design, fashion thrives on productive tensions between kind and function, automation and craftsmanship, standardization and customization, universality and self-expression, and pragmatism and utopian vision.
- Still, the business faces significant challenges amid supply-chain disruption, patchy demand, and chronic pressure on the bottom line.
- Things are wanting up, however the rebound may be uneven, says this year’s The State of Fashion report.
- They need to get digital