1. As Covid-19 Disrupts Global Supply Chains, Will Companies Turn to India? “While U.S. companies are looking for alternatives to China, India becomes a natural destination. You have an English speaking workforce, highly skilled, the cost of labor is cheap and more important it is a growing market of 1.3 billion people whose disposable income is growing.” – Read More on HBR
2. Four trends in luxury accelerated by the pandemic: As status-seeking consumers feel the financial effects of the outbreak, we can see they are beginning to turn to more affordable luxury alternatives and payment plans. Globally, three in 10 consumers who have delayed buying luxury items because of COVID-19 say they will look for flexible payment options in the financial aftermath of the outbreak – being 54 percent more likely to say this than the average. – Read More on American Marketer
3. Are clothes about to get more expensive? Within the current system, brands tend to put items on sale when they’re still very much in demand, in order to make room for the next season’s products. (Many winter coats go on sale before winter weather is actually over.) This has trained consumers to wait for sales and expect to buy products at cheap, discounted prices. As a result, clothing prices have consistently decreased over the last few decades. – Read More on Fast Co.
4. Digitalization the way forward for global apparel makers in post-coronavirus era as bankruptcies reshape industry: Manufacturers that survive the downturn will turn to technology to streamline production processes and become nimble. – Read More on SCMP
5. The future of fashion: Will it ever be the same after lockdown? There will be many losses in the coming months. Some of those tumbling over the edge will be household names, and that’s deeply unsettling because of all the jobs lost, but also because they’re part of our national identity. – Read More on the Telegraph