The recent IPCC (Intergovernmental Panel on Climate Change) is projecting a code red for humanity. This edit is to see some of the facts from the report. In addition, take a look at what actions can we take to prevent climate disaster. …

| 4 min read Return on fashion AI projects that you undertake is more critical now than ever. A recent study by Thomas H. Davenport (President’s Distinguished Professor of Information Technology and Management at Babson College, a visiting professor at Oxford’s Saïd Business School, and a fellow of the MIT…

The recent global economic outlook by KPMG (read the detailed report by country here) forecasts, a) Russia-Ukraine war to lower global growth prospects and increase inflationary pressures b) Central banks’ change in policy stance could add to market volatility c) Ongoing geopolitical uncertainties could see further disruptions to production and…

We, humans, are predictably irrational, as Dr. Dan Ariely says. In this edit, we look at how psychophysics impacts fashion demand planning. Psychophysics is the scientific study of the relation between stimulus and sensation. Imagine your wife or girlfriend says she is going for a haircut (appearance before cut),

In fashion retail, allocating or distributing products to various stores/channels is an important and challenging task. The importance of fashion allocation optimization is crucial in a multi-store and multi-product environment. In addition, demand uncertainties combined with the business constraints of inventory, store parameters, etc. make the problem challenging. …

Well bought is half sold. This is very true in the world of investing and also in the fashion business. Fashion buying is akin to hedge fund investing. We wrote an article on “Fashion Buyers Are Hedge Fund Managers” a while back. …

We are all in an age of two-way conversation with consumers. Make and sell one way without a dynamic interaction with feedback will cause huge damage to the business. Before we get into winning in the D2C (Direct To Consumer) business, good to understand what is not D2C business mindset?

Why should there be an “end of trend forecasting“? A quick google search on “trend forecasting accuracy” returns no relevant results (the hyperlink takes you to the search results). This is revealing and has huge consequences on the economic and environmental sustainability of the fashion and retail industry. What we…

Retail businesses are used to merchandising processes which are product-centric. The process starts with the category and ends with the consumer. With consumer demand patterns changing constantly, there needs a fundamental shift from product-centric to consumer-centric merchandising. This is a trend as published by Gartner. This trend is well articulated…