Since consulting firms like Altagamma, Bain & Co., Boston Group and Mintel have been tracking the growth of the luxury industry on both the consumer and brand side of the spectrum, we’ve seen the luxury goods sector expand exponentially over the last decade. According to Altagamma Worldwide Luxury Market Monitor, the global luxury market has grown twice as fast as global GDP, on track to hit 1.26 trillion euros by end 2019.
True-Luxury consumers generated 30% of the luxury market or 278 billion euros, expected to hit 395 billion euros by 2025
The luxury goods sector is also rapidly changing, buffeted by the ebbs and flows of geopolitical and socio-political upheavals. Just two years ago, one could depend on a European metropolitan city like Paris to be a bellwether of luxury growth, named in 2017 by real-estate research firm Savills as the capital of luxury retail after it experienced the biggest growth in terms commercial luxury boutique openings. In the East, one could look to Hong Kong, an Asian financial hub where the world’s top brands situate their regional headquarters. …
The global blockchain supply chain market is expected to reach over $9 billion by 2025, according to a study published by market research and consulting firm Allied Market Research (AMR) on July 8.
AMR estimates that the global blockchain supply chain market will amount to $9.85 billion by 2025, showing an 80.2% surge of the compound annual growth rate (CAGR) from 2018 to 2025. Among the key driving factors, AMR named the sector’s demand for transparency, and improved security of supply chain transactions blockchain could purportedly ensure.
By industry vertical, the retail sector is forecasted to lead in terms of contribution to the total market revenue from 2018 to 2025, although the healthcare industry will purportedly see the highest CAGR over the projected period. Those industries are accompanied by manufacturing, food and beverages, and oil and gas as the major contributors to the blockchain supply chain market. …
Luxury Ledger’s view on Five Next-Gen Technologies for the Five Stages of the Supply Chain
From manufacturing and distribution to retail and eCommerce, nearly every industry relies on the supply chain to provide the materials and products that they need to be successful. Now, advances in technology have presented an opportunity to optimize the supply chain across all five stages, adding automation to many of the manual steps that were once considered a cost of doing business. At Luxury Ledger we believe the following are the five next-gen technologies that are here to stay in the supply chain: