There aren't many people alive today who don't remember the devastation of the Rana Plaza collapse with the thousands of garment workers trapped inside. Seemingly just another day at work, their lives were changed forever. But has anything really changed?
Fashion technology, while incredibly exciting, has yet to find the marriage between useful and desirable for consumer products. I still contest that the biggest problem with these products is that they fall short of high fashion, making them look and feel dated.
The future is now. Nanomaterials are here and they are the next big thing to take the fashion industry by storm. Smart materials such as the “talking textile” open the door to design and technology beyond imagination.
Artificial intelligence has already started to infiltrate the fashion industry, but rather than look at the here and now let’s instead take a look at one of the roles AI might play in the not too distant future. Artificial intelligence is all about the use of complex algorithms, and the more data you can feed into algorithms, the more capable they become in making decisions and forecasts.
The word “printing” generally brings to mind jammed paper and flashing “low ink” alerts – but those were the printers of yesterday. With 3D printing becoming more mainstream, its applications are expanding at an amazing rate.
Virtual reality has already began to take the world by storm. This promising technology seems to have endless applications. This is especially true for the fashion industry, where they are already using VR in inspiring ways.
"Way" back in the 80s and 90s, robots were the stuff of legend and fantasy. Michael Jackson piqued our imagination with his suits designed of metallic and looking for all the world like robotic gear. In a spectacular show, Alexander McQueen's '99 runway show had us in awe where robot arms were spray painting a dress on a live model.
All over the globe, consumers of today are demanding their clothing be more conscientiously sourced and produced. They call for more transparency from the companies they purchase from. This has created a higher demand for sustainable clothing that consumers can feel good about obtaining.
Over the last year, the face of fashion has taken a turn toward technology. Where 3D accessories became commonplace this year, 3D fabric printing moved in on a more permanent level. In the world of fashion design, especially true for couture, apparel design was a very hands on process. At least, that was the case until now.
What comes to mind when you hear the phrase talent attraction? Money, promotion, stability, cool product? Why do we believe a candidate will leave a job, relocate and come to work for us? By definition, attraction is a quality or feature of something or someone that evokes interest, liking, or desire.
Wanna Start an Innovation Revolution? How to Think and Work Differently to Innovate
Playing it safe and staying with the status quo seems like the thing to do to stay in business. While you might stay in business, your company won't grow much. The only way a business can keep growing is to be innovative.
The fashion industry measures standards to assign an order for relevance, success, and originality. How can a category with no viable definition be so full? We need a better definition of Advanced Manufacturing so the term has meaning.
Any business can start and run at any given time. The real task is getting your investment back and maintaining your company for a long period so that you keep on hauling in profit. How do successful retail companies do this when competition is steep?
If you ask Marcus Lemonis the secret to a great business, he will tell you it is people, products and process. In this investors opinion you cannot have deficiencies in any of the three areas and still build a successful business. It is one of these pillars we will be talking about today, people and more to the point the culture of your company.
Current Tools Available to Sourcing Executives in the Fashion Industry
It isn’t always easy to find an executive in the fashion industry. Most of the top tier talent aren’t filling out applications on competitor websites trying to find a new job. With that in mind, you need to be smart about how you go about locating the best talent and hire them for your company.
If you’re like me, you’ve found yourself wondering why don’t companies put more effort into showcasing their culture. Companies spend a fortune marketing their products to customers to entice them to purchase it. Why wouldn’t they spend a fraction of the same funds to entice top tier talent to work for their company?
A question comes up often, “What is the best way to communicate culture to prospective talent?” With more employees concerned with a company’s culture before they join, it is important you have information about yours out there.
A company’s culture is like its DNA. It marks out the values, norms and personality of a company, and determines how its people interact among themselves. Defining and developing a company culture is necessary if a company is to be sustainable as it inspires and guides people in the company.
A great job is more than just a great paycheck. It is more than an insurance benefit or a well laid out promotion plan. People today want to feel that their job contributes something and adds value to the world in general.
In a candidate led market, it’s harder than ever to attract quality candidates. However, if your company has an ill-defined company culture, it becomes even more difficult to attract quality candidates. Defined company culture helps to relieve work related stress and sustain employee enthusiasm.
Most companies already realize that social media has the ability to offer digital word-of-mouth marketing, as well as social proof, driving the purchasing decisions of consumers. However, the idea of using social media to drive traffic and revenue hasn’t caught on as quickly.
With the internet becoming a dominate force in shopping, do department stores still have a future? The short answer, is yes they do. But there are changes that they’ll need to embrace in order to survive in a chancing climate.