-By Mansi Suryawanshi.
The top tech innovations (in retail, production, marketing, and wearables) that will have a significant impact on the fashion industry in 2023 and beyond are presented to you by Team Apparel Resources (AR).
Within the next ten years, the fashion business will undergo a significant upheaval. While shops discussed the metaverse and NFT throughout 2022, and even brands stepped forward to test the notion, 2023 appears to hold promise in terms of deployment tactics, fresh ideas, and improvements to more established ones. New applications across the whole value chain, from a design and production to marketing and sales, will result from the technological revolution.
Team FTJ has prepared top tech trends that will leave great impacts on the fashion industry in 2023 and beyond.
1.The universe of fashion opportunities is the metaverse (Trend in MarTech):-
The “metaverse,” a digital environment based on single interconnected ecosystem, will provide up chances for digital fashion in the sector. Numerous metaverse platforms with their own economies and the ability to transfer assets and items between the metaverse and one’s own world likely to exist by the end of the year. The idea of a metaverse is expected to gain significant traction and have an impact on all business operations, the gaming sector, and the real estate market.
Industry giants such as J.P. Morgan and major global fashion shops like Gucci, Zara, Lacoste, and Nike are among the numerous companies already participating in the virtual world through Web 3.0. The model is also earning the trust of various businesses. There is a particular trend to be aware of!
2. Smart textile-based wearables (Trend in Wearable Tech):-
Our interactions with clothing and how we shop are changing. Our personal preferences will be taken into an account as clothing becomes more interactive and networked in the future. Smart textiles are fabrics with electrical, digital, and sensor components built right in. They can now gather data, communicate with other devices, and react to outside stimuli thanks to this.
Wearable technology is already gaining popularity, but when it is developed utilizing smart textile principles, it has the potential to revolutionize the industry. Smart textile-based wearable technology will take off as a significant retail trend in 2023. These gadgets will provide a higher level of comfort, convenience, andcustomisation that cannot be matched by conventional clothes.
3.Recommerce will reduce the disposable mentality and promote sustainable lifestyles (Trend in Retail Tech):-
For e-commerce businesses, the current economic climate represents a fundamental change in customer behavior. Recommerce (the purchasing and selling of used items) is expected to have a huge year in 2023 as consumers are less likely to buy “new” products and are instead exploring the second-hand retail market.
Experts claim that a variety of causes, such as the rising cost of new goods, the growth of online marketplaces, and growing consciousness of consumerism’s negative effects on the environment, are responsible for this shift.