Learn how multi-tier transparency can help fashion, apparel and footwear organizations to stay compliant.
Regulatory compliance is a non-negotiable part of doing business in any industry, but that doesn’t mean it’s always straightforward. For those in the fashion, apparel, and footwear sector, a new set of regulations and changes to existing policies could serve to complicate operations over the next few years.
While the 2024 fashion forecast depicts cautious optimism, uncertainty prevails among industry leaders as fashion brands face pressing issues affecting the trade's profitability and sustainability, including economic slowdown, inflation, weak consumer confidence, and unsold inventory.
Fashion companies need to get off the new-products treadmill and create an ecosystem of services that lets consumers participate in sustainability.
Behind all the glitz and glamour fashion brands still have a business to run. It’s clear that in 2023 the back-office and supply chain is in the spotlight when it comes to delivering new and improved customer experiences and meeting expectations around sustainability and product provenance.
Today’s shoppers are increasingly concerned with the ethical creation of their clothing. Beyond compliance to codes of conduct, they will want to see active efforts to preserve resources, eliminate waste, and drive sustainability in fashion.
