The Fashion Industry Is Ready For A Makeover: 4 Changes We’ll See In The Future
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Fashion has always been known to push the envelope.
With new trends and ideas, fashion has an eye towards the future. The fashion
industry will see huge amounts of innovation in coming years as new technology
and changing customer trends and demands will transform the industry.
Here are four changes to expect in the future of
fashion:
1 . Data-Driven
It used to be that consumers wore whatever designers
created. Those days are over, and fashion brands now use data to understand
customer preferences, monitor their shopping behavior and create products that
meet their needs. The future of fashion is data-driven: by leveraging data on
consumer trends, brands can create pieces consumers are most likely to
purchase.
Many stores and brands, including Miu Miu and Stitch
Fix, use data to predict the rise and fall of trends. Predictive analytics
consider everything from climate to color preferences, social media trends and
political movements. The benefits of using data in fashion are numerous: from
only producing pieces consumers will actually wear to reducing waste and
connecting the right consumers with pieces they will enjoy. Data also helps
brands run more efficiently, giving them room to innovate and balance supply
and demand.
Fashion forecasting has long been an artform, but
with the growth of data analytics, it now becomes more of a science. That data
extends to algorithms. Amazon is developing a machine learning program to
automatically assess if an item is “stylish” or not. Google is testing
user-driven AI fashion design that uses algorithms to create new pieces and
styles. Data of all kinds will soon be sewn into every aspect of fashion.
2 . Sustainable
Fashion has long been one of the biggest
contributors to waste and climate change, largely because of its unsustainable
and non-eco-friendly production methods. But the tides are changing, and brands
are moving towards more sustainable fabrics and manufacturing methods.
Fast fashion, which was popular for its ability to
quickly and inexpensively reproduce runway looks, is in decline in favor of
slow fashion—pieces that are more eco-friendly and designed to be longer
lasting. Nearly 50% of fast fashion retailers have reported a recent decrease
in customer purchases as consumers look for brands that take a stand for the
environment.
Research shows that 88% of consumers want brands to
help them be more environmentally friendly. Even with its strides, fashion has
a long way to go. Fashion production releases 10% of the world’s carbon
emissions, more than international flights and maritime shipping combined. A
number of sustainable fashion brands are growing, and their innovative
practices are becoming more commonplace among retailers. British design company
Vin + Omi harvests its own crops to make clothing from horseradish plants and
chestnuts. It also features clothing items made from recycled paint containers.
Levi’s recently unveiled a new collection of denim that uses 96% less water to
create—a major win for clothing that notoriously requires a lot of water to
produce.
Shopping for pre-owned items is also on the rise.
The secondhand market is expected to hit $64 billion by 2024. Even as other
forms of fashion shopping hit a Covid slump, online secondhand shopping
continues to see strong growth. With more consumers looking to purchase
previously worn items, fashion brands must create pieces with longevity and
that can last beyond a single owner.
3 . Digital
The future of fashion is happening online, and
brands will have to adjust how they create and sell clothing to make it work in
a digital world.
With more shoppers taking advantage of online
shopping, fashion retailers have to follow suit. Aside from changing Covid-19
restrictions, consumers increasingly prefer the convenience and speed of online
shopping, even if it means not being able to try an item on in person. The most
successful fashion brands of the future won’t just make their clothing
available online—they will also create an immersive digital shopping experience
with things like virtual fit or sizing tools, virtual showrooms and virtual
stylists. Fashion brands will also leverage technology like AR and VR to allow
consumers to “try on” items digitally from the comfort of their own homes.
Major retailers like Adidas, Macy’s and Modcloth are adopting virtual dressing
rooms and bringing the technology mainstream. Using AR to virtually try on
items helps consumers stay more confident in their purchases and reduces return
rates by 36%.
Even consumers who make purchases in person will
still be influenced by digital efforts. A number of large fashion brands are
moving to virtual fashion shows and are digitizing their designs into 3D
prototypes on avatars that are easier to showcase, test and manufacture on
demand. Designers can test out ideas virtually and float them with consumers
before actually creating the physical pieces.
4 . Simplified
Fueled largely by Covid-19 changes, fashion is
simplifying, both in its styles and in its delivery. Many fashion houses used
to create eight collections a year. The result was a crowded fashion show
schedule and items showing up in stores months before customers were ready to
wear them, like swimsuits in February and winter wear in August. The new shift
in fashion is to two collections a year: spring/summer and fall/winter. The
simplified approach puts customers at the center by creating pieces when people
will actually be shopping for them.
Simplifying fashion also saves money and the
environment. Instead of moving through clothes so quickly and having to produce
a new collection, marketing campaign and fashion show every six weeks,
simplified collections reduce waste and the amount of clothing produced.
Fashion trends themselves will also become more
simplified. With many people working from home and social distancing for the
foreseeable future, fashion brands have toned down their styling in favor of
comfortable loungewear and clothing that works for sleeping and living. Even
after the pandemic, clothing will likely stay simple and comfortable.
The future of fashion will focus on customers and
providing an innovative experience. The industry is continually evolving, but
changes in the future will create a more sustainable, customer-centric and
efficient industry.
Blake Morgan is a customer experience futurist,
keynote speaker and the author of the bestselling book The Customer Of The
Future. Sign up for her weekly newsletter here.
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