Maintaining Apparel Revenues in Challenging Markets
As if apparel revenues weren’t volatile enough, COVID-19 and its aftermath have changed the retail planning landscape forever. From demand planning through allocation, the old ways of doing business are simply not adequate to maintain revenues in today’s transformed environment. Fortunately,advanced technologies, including artificial intelligence (AI), are available to help. By enabling a new level of real-time responsiveness to today’s changing demand, as well as a new degree of planning granularity for the future, these advanced solutions help apparel retailers maximize revenues even in challenging times. To fully capitalize on these solutions, retailers need to abandon their obsolete manual processes and embrace the power of autonomous decision making.It’s time for a smarter approach, fueled by in-depth data analysis and agile business processes.