Daily Newsletter

15 December 2023

Daily Newsletter

15 December 2023

Lectra debuts fashion platform for tech, green insights and updates

Technology solutions provider, Lectra, has launched the “Lectra Observatory” to keep industry players informed about technological, and industrial innovations as well as the economic, social and environmental transformations within the fashion, furniture and automotive markets.

Isatou Ndure December 14 2023

The Lectra Observatory aims to provide a platform for "collective reflection" for the industries it serves to help them adapt to emerging opportunities in the fashion, furniture and automotive sectors.

The Lectra Observatory will collaborate with external experts to ensure a comprehensive approach, emphasising an international perspective.

All findings and insights will be made freely available to the public, encouraging open discussions and the emergence of new collaborative opportunities.

Maria Modroño, chief marketing and communications officer at Lectra, highlighted the company's role in facilitating its customers' digital evolution: “As the pace of technological innovation accelerates and integration of CSR into our business strategies becomes essential, we and our customers need more than ever to identify and decipher – or even anticipate – current and future changes.

“We need a variety of perspectives on the underlying trends that are impacting our activities and our value-creation models.”

Lectra unveils first white paper on Industry 4.0

The first white paper by the Lectra Observatory, "The Rise of Industry 4.0 Boosts Manufacturing Efficiency," is the culmination of months of collaborative efforts and discussions with industry experts.

Featuring perspectives from companies such as Porsche Consulting, Tesca, Leisure Creations, and Valerius Texteis, the white paper sheds light on the changes facilitated by Industry 4.0 within their sectors.

In addition to industry practitioners, the white paper incorporates insights from European and American experts, including Dorothée Kohler and Jean-Daniel Weisz of French consultancy firm Kohler Consulting & Coaching, Marco Taisch, Professor at the School of Management of the Politecnico di Milano, and Jake Hall, creator of the video podcast "The Manufacturing Millennial."

Modroño commented on the first publication from the Observatory, stating: "The white paper provides a survey of the adoption of Industry 4.0 across the world and emphasises its ability to connect all stakeholders in the product value chain, while also looking at the challenges still to be met by companies to optimise the opportunities opened up by the 4th great industrial revolution.”

Last week (5 December) Lectra took its cutting equipment production in China in-house to ensure its Asian customers benefitted from its "unrivalled quality" and "operational standards".

Global menswear market dynamics

Global menswear market is expected to grow at a CAGR of more than 4% by 2027, as consumer confidence takes time to rebuild following inflationary pressures. The popularity of the resale market will also somewhat hinder menswear retail growth, as more shoppers will divert spend away from traditional retailers and brands to secondhand channels, in a bid to save money and protect the planet.

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