Overview
The global consumer spending on fashion crossed US$1.5 trillion in 2015. India’s fashion retail market is itself set to grow to US$115 billion by 2026.
India’s fashion and textile industry need to recognize that the modern Indian consumer is no different from her counterparts in the west. Local brands and manufacturers are crucial for enhancing India’s garments industry (Given that 75% of this market is unorganized) competitiveness.
Various innovations on digital and logistics front have catapulted the share of fashion in the purchasing pie of consumers in India over the last few years. No wonder India is being looked at as the next superpower when it comes to Fashion commerce.
Challenges in Fashion Supply Chain:
- Predicting changing styles and consumer demands
- Lost or Damaged Shipments.
- Last-mile Delivery
- Returns/Reverse shipping
- Cash Collection