Technology has impacted fashion hugely. Many new fashion brands are growing exponentially due to the integration of new technologies. Moreover, legacy brands incorporate these technologies into their supply chains and marketing campaigns. We are witnessing a complete change in the way fashion industries work. Let’s look at them and see how they make a real difference.Â
The Rise of E-commerce
E-commerce is the biggest revolution in fashion history. According to Statista, customers purchase clothing and shoes more than other products online. Therefore, you can imagine the impact of e-commerce on fashion merchandising and marketing. There have been significant changes in how the fashion industry releases its products in the market.Â
Online Fashion Retailers
Online retailers like Amazon and Myntra have proven to be the first choice of many Indians when shopping for the latest styles. These marketplaces have the best items that cater to the various tastes of the average Indian customer. We also have platforms like Meesho, which is known to offer affordable options from local vendors.Â
Digital Showrooms and Virtual Try-Ons
Wholesale channels are as much part of a fashion business’s revenue stream as the retail and online channels. The wholesale sales funnel includes sampling and retail store acquisition. However, many unforeseen circumstances (for example, the pandemic) can halt the production and sales of new products.Â
Digital showrooms are technological marvels that saved the wholesale distribution of the fashion industry. They are virtual showrooms where potential retailers can analyse digital samples of the products. Tommy Hilfiger launched its digital showrooms in several countries and witnessed the following advantages:Â
Social Media’s Influence
Social media has also highly influenced the fashion industry. It is an important marketing tool for small businesses and big brands. Fashion enthusiasts can post their styling, making them trendsetters of the season. Thus, we can say that it is the perfect avenue to find inspiration with the right products. The following social media platforms are shaping the aesthetics of fashion:Â
Technological Innovations in Design and Manufacturing
A new fashion line’s manufacturing process requires more than creativity and production. More thought goes into the design process than ever before due to the changing trends in consumer preferences and designer aspirations.Â
CAD and 3D Printing
Designers can precisely build and manipulate digital designs using CAD (Computer-Aided Design) software. This software simplifies the design process by eliminating physical sketches and samples. It enables designers to produce tangible versions of their ideas for testing and improvement through rapid prototyping techniques. The technology has led to a faster and more agile production line.Â
Sustainable Fashion Tech
One example of sustainable fashion innovation is the creation of environmentally friendly materials. Some of these materials include:Â
Energy-efficient manufacturing procedures and water-saving dyeing techniques are other sustainable production strategies. Furthermore, technological developments in recycling allow textile waste to be recovered and reused.Â
AI-Powered Design
Artificial intelligence algorithms are being utilised for:Â
Fashion designers can quickly and effectively discover possible trends and explore various options. AI also enables designers to work more efficiently and automates routine tasks. Hence, with the latest advancements in artificial intelligence, fashion merchandising has also become quicker.Â
The Impact on Consumer Behavior
The factors mentioned above have led to the following impacts on consumer behaviour.Â
Challenges and Opportunities
New technology also brings new challenges. You need to identify these challenges so that you counter them with appropriate solutions.Â
Technology has transformed the fashion industry in numerous ways. It has revolutionised how fashion is created, marketed, and consumed. However, addressing the challenges associated with these advancements is essential. We need to ensure a sustainable future for the fashion industry.