Based on our govt survey, the phrases on everybody’s lips are sustainability, digitization, and innovation . To thrive in this environment, companies must assume strategically, sharpen their determination making, and maintain their fingers on the pulse of buyer demand. They must get digital proper and to deal with consumers more and more involved by the climate-change agenda. At the same time, they need to cater to local tastes across a number of markets and cultures. The industry is not trying ahead to 2020—suggesting strategic clarity might be essential. There is little doubt that 2021 will continue to be tough for many because the COVID-19 pandemic tracks an uncertain trajectory.
- As her namesake brand Ahluwalia, which is understood for exploring classic and deadstock clothes, Priya Ahluwalia’s understanding of the industry’s circularity problem drives this section.
- Facebook Inc. and Gucci filed their first joint lawsuit in opposition to an alleged online counterfeiter