In 10 years' time, everything will have the responsible factor integrated
Global fabrics trade has seen a swathe of changes in this millennium. Fibre2Fashion spoke to a cross-section of people to understand key industry trends.
It is difficult to single out one factor for future fabric trade, but any factor that does not show a clear price-value ratio is an issue. The consumer wants transparency and it is a key to fabric trade success in the future.
As awareness of environmental and sociological issues grows, the trend for sustainability in the fashion industry will only grow with it. The companies that will thrive in the coming years are those that can reinvent and innovate to keep up with changes in technology and society.
In 10 years' time, everything will have the responsible factor integrated, and we will surely be in the era of the circular economy. So, we will be in an industry that will not debate only about ingredients and better production, but will be in a technological shape where production is not what we are used to thinking about.
Developments in digitalisation, the optimisation of AI will continue. In terms of the textiles and fashion markets, there is a clearly growing trend towards the personalisation of products. In future, reaching the consumer faster and more directly will be a critical success factor.
Published on: 01/04/2019
DISCLAIMER: All views and opinions expressed in this column are solely of the interviewee, and they do not reflect in any way the opinion of Fibre2Fashion.com.