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Blog

Looking Ahead to 2021 and Beyond

Date Wed, Jan 13, 2021   |   Category Category: SAP S/4 HANA Fashion, SAP Business Technology Platform, Supply Chain

Firstly, wish everyone a very happy new year. May the new year 2021 be a lot better than the troublesome 2020 we just got rid of.

Historically, analysts see the Fashion and Lifestyle industry as being laggards when it comes to technology adoption. But the pandemic has definitely pushed the retailers to adapt & innovate or perish.

For the Fashion and Retail industry, 2021 will continue to be a defining moment to showcase resilience and adapt and enable future growth through innovation. It is indeed remarkable to see the resilient retail industry in a year of COVID which has managed to not just ‘not lose ground’ (based on projections of a decline of around 10% for the year as of June 2020), but turnaround and grow 0.8% YoY is incredible to say the least. The stimulus, lack of travel & activities and the rise in overall personal savings for consumers in 2020 helped redirect some of that spend to retail.

Retail’s non-decline notwithstanding, there definitely were a few losers and unfortunately Clothing sector had to deal with a dismal -27% decline in growth YoY due to the pandemic, though there were a few winners like Nike, Lulu, Crocs etc. Word on the street is that the retail pundits are forecasting a resurgence for clothing in 2021, but in my opinion, it might just take a couple of years before the apparel sector gets back its mojo.

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Conversational AI Use Case for the Fashion Industry Leveraging the SAP Business Technology Platform

Date Wed, Jul 1, 2020   |   Category Category: SAP Business Technology Platform

As machines have become more sophisticated at understanding and responding in natural language, we’ve seen a massive growth in conversational application. These dedicated apps are enabled with natural language processing that helps them understand casual speech input by text or voice.

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Leveraging the SAP Business Technology Platform to build an Intelligent Fashion Enterprise

Date Tue, Jun 2, 2020   |   Category Category: SAP Business Technology Platform

As we move from the digital era to the intelligent era, enterprises need to turn to the tools of the future. But for companies with very specific business problems, customizing their existing ERP system is not a viable solution as custom applications and integrations within the core ERP system often result in:

  • Difficulty performing updates and upgrades
  • Higher costs to maintain
  • Slow and challenging innovation

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