The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
This #BoFLIVE event was based on the BoF Insights ‘Building Resilience and Value in Fashion’s Supply Chain — BoF Insights’ report. Click here to read our full analysis.
The last several years — with the lingering impacts from the pandemic and new conflicts like the unfolding crisis in Ukraine — are an indication of how the world is becoming more volatile and unpredictable. Those impacts are particularly felt by the fashion industry, which is one of the world’s most vulnerable to external shocks like biological disease, natural disasters and geopolitical tensions and disputes.
On the latest BoF LIVE, BoF’s Rahul Malik, managing director of North America and head of new business and Diana Lee, director of research and analysis, the authors of BoF’s recently published report, Building Resilience and Value in Fashion’s Supply Chain, spoke with Amanda Martin, chief supply chain officer at Neiman Marcus Group, and Kathleen Talbot, Reformation’s chief sustainability officer and vice president operations, about how fashion brands and retailers can strengthen their supply chains for a changing world order.
“The human dynamic is not built to withstand these challenges and there is burnout from constantly being in a firefighting mode. …The ability to look around corners is critical [in order to be prepared] for what may come,” said Martin.
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Read the latest BoF Insights report to get BoF’s perspective on the state of the fashion industry’s supply chain model, plus data-driven guidance on how companies can strengthen their supply chains in the face of pandemic and geopolitical challenges.
All three companies have embraced a busy, garish design that’s popular in China and ideally calibrated to sell plenty of low-cost products. Will the same be true as these companies attempt to move upmarket?
The South Korean e-commerce firm Coupang has saved Farfetch from potential bankruptcy, and could use its logistical and marketing might to solve some of the luxury e-tailer’s seemingly intractable problems. But “everything stores” have a spotty track record when it comes to high-end retail.
Return rates are set to soar this holiday, despite slower sales growth, putting brands’ returns management playbooks to the ultimate test.
The deal provides the online luxury giant with $500 million in emergency funding. A complex transaction that would have seen Farfetch acquire a 47.5 percent stake in Yoox-Net-a-Porter from Richemont is dead.