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Overproduction could potentially decrease through use of fashion forecasting tech
Photo Credits: Interior of a textile factory. Twinco Capital, photo courtesy.
A new study by OC&C Strategy Consultants has found that more accurate forecasting data could “significantly improve margins and efficiency”, ultimately reducing waste.
The report, made in collaboration with trend forecasting firm WGSN, looked into how the use of such technology could serve in tackling overproduction in the apparel industry.
Ultimately, the duo's research highlighted two key findings, including that buying more in line with customer demand could increase contribution margins by one to three...
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