The COVID-19 pandemic has severely affected the apparel value chain. What are the overall impacts on the apparel sector? What are the opportunities that lie ahead?
The Mills Fabrica has launched the “COVID-19: Reconstructing the Apparel Value Chain – Towards Resilience and Digitization” report to examine innovation opportunities and trends in the future.
The COVID-19 pandemic has exposed risks in the highly integrated global value chain of the apparel industry. In this special report, we look at the impact of the pandemic across the apparel value chain and identify key themes and innovation opportunities for the apparel industry to navigate the period ahead.
- Serious ripple effects across the value chain resulting in 4 key emerging trends
Figure 1: Impact and implications brought about by COVID-19
- Focusing on emerging trends and opportunities
Figure 2: Innovation opportunities across supply chain, retail, stakeholders and ecosystem
- Four special topics related to COVID-19 - We also look into four special topics related to COVID-19 that offer additional “food for thought” for the apparel industry.
- Plant-based meat and grocery e-commerce
- Sustainability agenda
- Localized production
- New Retail experience
Figure 3: Four special topics related to COVID-19
In this report, we look at the implications of the COVID-19 pandemic on the apparel value chain. Furthermore, we explore the key themes and opportunities for the apparel industry to recover and rebound from this unprecedented crisis. This report consists of two sections. The first section looks at the overall impact and innovation trends for the apparel value chain; and the second section discusses four special topics that help bring about a renewed apparel value chain based on observed trends.