On-Demand production
Bridging the Gap between the Empowered Consumer and the Smarter Factory.
Bridging the Gap between the Empowered Consumer and the Smarter Factory
By leveraging the on-demand production model for better market responsiveness fashion clothing makers can also improve their supply chain management and manufacturing flexibility.
The end-result is a virtuous circle of agile production and rapid response to quickly evolving demand.
This same business agility can furthermore serve to quickly develop small series and customization offers that:
- attract new buyers,
- and create a steady flow of business.
On-demand fashion: the way to satisfy聽the new consumer
Fashion executives have been scratching their heads about the new consumer behavior for years on end. Thanks to today鈥檚 digital technology and social media, consumers have become somewhat enigmatic, lurking online and leaving traces of data behind while shopping, and having a huge say in the way their products are being made. In the world of social media influencers and direct-to- consumer businesses, the fashion hierarchy has undergone an upheaval, and companies no longer dictate the trends. Instead, they find themselves playing a never-ending game of catch-up with their consumers, trying to gather all sorts of data to predict their next moves. Fashion insiders have become completely fixated on the new consumer, without looking at the other side of the equation鈥攑roduction, namely on-demand production.
Managing unpredictability with聽software for fashion
What the fashion industry seems to have forgotten, however, is that today鈥檚 consumers have become unpredictable, given today鈥檚 socioeconomic uncertainty. According to the latest 鈥漇tate of Fashion鈥 report by McKinsey & Company and Business of Fashion, 42% of survey respondents, mainly fashion executives, expect economic conditions to worsen this year, with rising interest rates around the world and increasingly stringent monetary policies developed by the European Central Bank. While companies are scrambling to understand the new buying behavior of their consumers, it鈥檚 becoming increasingly apparent that it is almost impossible to predict or have control over their next purchase decisions, as they are often shaped by external and psychological factors. Rather, what鈥檚 within the realm of most companies鈥 control is how they can gain supply-chain flexibility to get closer to the consumer and meet their needs, no matter what their preferences are and how often they change. This is precisely what today鈥檚 software solutions for customization, personalization and small series offer fashion manufacturers.
For fashion companies that continue to rely on the conventional production model, it is increasingly difficult to stay apace of consumer-driven trends. Brands and retailers who grasp the importance of placing consumers at the heart of all processes using software technology, however, are well-positioned to meet emerging demand.
Fashion clothing聽makers : getting closer to the consumer
Predictive analytics might help companies tap into their consumers鈥 minds, but there鈥檚 really no use if their supply chains fail to respond quickly. If the mountain won鈥檛 come to you, then you must go to the mountain. Some fashion companies are already doing so, inching their way towards them by investing in new technologies to develop consumer-driven supply chains. Adidas is doing so, by providing customization through digital design with their speedfactories in Atlanta and Germany. Superdry developed limited edition collections with a six-week design-to-delivery process. Uniqlo has recently announced its partnership with Shima Seiki, a 3-D knitting technology, to provide its consumers with customized knitwear. There is one commonality among all three companies鈥攖hey are producing on demand.