Connected
Demand
Made to Mention
By Avery Dennison
In this edition, we look at the role of artificial intelligence (AI), advanced analytics and scanning technologies in supply chain connectivity. We then look to the smart, autonomous systems emerging in factory automation, and finally, the trends and insights casting light upon the future of retail driven by end wearers and the ever-evolving shopper journey.
Several market drivers are pushing the apparel industry in the direction of more automation and greater digital connectivity.
Considerable, ongoing disruptions are becoming worse and more frequent, exposing vulnerabilities in legacy processes and in our natural surroundings. Changing the way we make, sell and use products is simply non-negotiable.
A significant majority of consumers (79%) are changing their purchase preferences based on sustainability.
This contrasts sharply with the 36% of organizations who believe consumers are willing to make this
change in their choices/ preferences based on
social or environmental impact.
Such a gap represents a risk of ~6% of brands
& retailers revenue if unaddressed.
The number of US patents on industrial manufacturing processes registered was 153% higher in 2001-2020 compared to the previous 20-year period
36%
08
With a combination of digital trigger technology, hardware and software, we continue to support our supply chain partners with solutions and updates to monitor the garment production process and provide critical connectivity across the entire value chain.
We hope you enjoy this edition of Made to Mention.
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© 2022 AVERY DENNISON CORPORATION
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McKinsey & Company 2021
Source: Fashion
United, 2020
Source: Capgemini Research Institute, 2020
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Statista 2022
of supply chain organizations will invest in applications that support AI and advanced analytics capabilities by 2024
Gartner 2022
153%
Source: 2022 retail industry outlook, Deloitte
Global social commerce sales are forecast to reach around 2.9 trillion U.S. dollars by 2026
2.9 trillion
50%
Retailers are reinforcing ecosystems to optimize shoppers’ share of life. The future of retail moves away from transactional to an experienced-based relationship.
Kantar 2022
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We hope you enjoy this edition of Made to Mention.
DOWNLOAD THE ZINE
DOWNLOAD THE ZINE