Daily Newsletter

29 September 2023

Daily Newsletter

29 September 2023

Fashion’s future hangs on ESG goals aligning with financial profit

Climate change will cost the fashion industry $65bn by 2030, according to a Cornell University study, but if public benefit and private profit don't align, fashion companies won't do what's needed to tackle sustainability.

Laura Husband September 29 2023

Can fashion succeed at making ESG goals and financial profits work together? Credit: Shutterstock.

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Traditional AI is here to stay in the retail and apparel space

Initially, retailers used AI for basic tasks, including inventory management and demand forecasting. However, its usage has now become more prevalent in other aspects such as personalized marketing, customer service, pricing optimization, and supply chain management. With the rise of ecommerce and the increasing importance of data-driven decision-making, AI adoption in retail and apparel has accelerated. The industry now relies on AI to enhance the shopping experience, optimize business operations, and gain an overall competitive edge.

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