Why innovation is important in apparel industry?
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Innovation is crucial in the apparel industry due to its impact on productivity, competitiveness, and sustainability. Innovations such as digital fashion initiatives, sustainable textiles, and Industry 4.0 technologies drive advancements in manufacturing, customer satisfaction, and market positioning. For instance, the integration of sustainable textiles by small apparel brands is seen as an innovative business practice that can lead to positive environmental and social impacts. Moreover, the adoption of Industry 4.0 technologies like ERP systems and Big Data analytics can enhance global competitiveness and optimize manufacturing processes in the apparel sector. In a dynamic and competitive market, continuous innovation in products, processes, and marketing techniques is essential for apparel businesses to thrive and adapt to changing consumer preferences and market demands.
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| Papers (5) | Insight |
|---|---|
09 Jan 2017 5 Citations | Innovation is crucial in the apparel industry to enhance competitiveness, strengthen market position, and address customer needs, as demonstrated by ICT technology for garment design in the fashion industry. |
6 Citations | Innovation is crucial in the apparel industry for product novelty, process improvements, and market competitiveness, as highlighted by the high innovation rate among apparel manufacturers. |
| Innovation is crucial in the apparel industry for enhancing manufacturing, customization, and meeting customer demands, ultimately driving competitiveness and industrial growth, as highlighted in the research on Bangladesh's apparel sector readiness. | |
Open access 01 Jan 2019 | Innovation is crucial in the apparel industry to integrate sustainability, as seen in designers and small brands purchasing sustainable textiles, enhancing environmental and social impact mitigation. |
| Innovation is crucial in the apparel industry to meet evolving consumer preferences, drive digital transformation, introduce advanced solutions like digital fashion, and enhance business models for competitiveness and growth. |
Related Questions
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Innovation is important in technology?4 answersInnovation is important in technology as it brings benefits such as increased efficiency, improved products and services, and a higher standard of living. Technological innovation in learning the English language allows students to engage with the language, access real-life materials, and communicate with native speakers and other learners. It also highlights the importance of managing technological innovation strategically for a firm's competitive success and the advancement of society. Additionally, innovation is seen as an important part of practice and theory, including in the field of education and upbringing. Overall, innovation plays a crucial role in driving progress, improving processes, and achieving success in various domains, including technology.