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Virtual Retail: from 3D Fashion to Mass Customisation, a new business model for the future of Fashion Industry

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Virtual Retail: from 3D Fashion to Mass Customisation, a new business model for the future of Fashion Industry

We will participate at EuroCIS 2018, the leading trade fair for retail technology, we present our two main concepts 'Virtual Retail' and 'Virtual Couture Fashion'.

ATTEND THE TALK: 27 February 2018, @EuroCIS. From 12 to 12:15
more info: https://www.eurocis-tradefair.com/vis/v1/en/exhibitors/eurocis2018.2561231

We will participate at EuroCIS 2018, the leading trade fair for retail technology, we present our two main concepts 'Virtual Retail' and 'Virtual Couture Fashion'.

ATTEND THE TALK: 27 February 2018, @EuroCIS. From 12 to 12:15
more info: https://www.eurocis-tradefair.com/vis/v1/en/exhibitors/eurocis2018.2561231

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Virtual Retail: from 3D Fashion to Mass Customisation, a new business model for the future of Fashion Industry

  1. 1. Andrey Golub andrey@else-corp.it Founder & CEO, ELSE Corp TM From 3D Fashion to Mass Customization - New Business Model for the Future of Fashion Industry
  2. 2. THE VISION: Fashion Industry and the Fourth Industrial Revolution © 2018 ELSE Corp S.r.l. https://vimeo.com/156406281
  3. 3. Each Virtual Capsule collection is comprised of a selection of items that follow the theme or mood of the collection. Each product within the v.c.c. is made up of elements, and each element has it’s own set of possible configurations. 3© 2018 ELSE Corp S.r.l. FUTURE: 3D Fashion leads to Product Personalization, Made to Measure
  4. 4. 4 PAST: The Ready to Wear System. One Size fits ALL Human & Environmental Impact Transportation Expenses Unreal Standards OverstockOverproduction © 2018 ELSE Corp S.r.l.
  5. 5. IT IS OUT OF STOCKIT DOESN’T FIT YOU YOU WANT IT “A LITTLE BIT DIFFERENT” 5 PROBLEM: The Complication at Customer Level © 2018 ELSE Corp S.r.l. BUT YOU DON’T BUY IT BECAUSE
  6. 6. 6 DIRECT TO CONSUMER Mass Customization © 2018 ELSE Corp S.r.l.
  7. 7. 7© 2018 ELSE Corp S.r.l. NEW REALITY: Customization & Personalization
  8. 8. LEVELSOFCUSTOMIZATION Monogramming1 Complete Customisation3 Partial Personalisation2 • Base product model • Color of monogram • Size of the font E.g. Burberry scarfs • Base product model • Match between a component of the product and the product E. g. Fendi Strap You • Base product model • A range of personalization options is offered, including materials, accessories and monogramming E. g. Gucci DIY 8© 2018 ELSE Corp S.r.l. BEST PRACTICES: Customization & Personalization
  9. 9. Partial Change Extra Decor Basic Base Model 9© 2018 ELSE Corp S.r.l. NEXT CHALLENGE: Mass Customization & On-Demand Manufacturing
  10. 10. Knowking that customization is the future in retail, manufacturing and shopping experience, we created our platform as a tool to meet the demands of people who… 10 OPPORTUNITY: Mass Customization - Customer Expectation Spend money on personalization Pay a premium price (+20% on average) 45% 25% (Deloitte, 2015) (Forrester, 2015) © 2018 ELSE Corp S.r.l.
  11. 11. © 2017 ELSE Corp S.r.l. 11 THE SOLUTION: Virtual Retail Business Model Made to Order Quality Production Local Partners Ecosystem A New Model for International Commerce Virtual Retail: A hi-tech industrial process for 3D & Cloud based Mass Customization of fashion products. It transforms brand distribution channels into new concept spaces within brick and mortar stores (shop in shop, popup & temporary shops) named Virtual Fashion Corners, where a ‘new customer experience’ of Virtual 3D Shopping, focused on product personalization can be easily realized. It represents a turning point for future methods of retail and manufacturing, providing new innovative strategies for the sales, design, production, distribution, and marketing of fashion products. MADE TO ORDER MASS CUSTOMIZED MADE TO MEASURE Waste reduction with a small investment Better customer engagement and meeting customer expectations regarding the product Prevention of returnsENABLING 3 ELEMENTS Easier market penetration and wider geographical coverage at an affordable cost © 2018 ELSE Corp S.r.l. 11
  12. 12. © 2018 ELSE Corp S.r.l. 12 Benefits for Primary Markets from “Virtual Retail” Top Luxury Brands Brand Enrichment “Not Famous” High Quality Brands Better Brand Positioning White Label Manufacturers Access to new brands and customer segments Samples Manufacturers Start Prototyping and Process Improvements Fabric Manufacturers Approach to new customers Any Brands Without Own Quality Manufacturing Decentralized Quality Manufacturing Independent Designers Talent Empowerment & Possibility of Experimentation Niche / Local Retailers Sales Improvement 3D Scanning Service Providers Business Diversification [Future] VIP E-Commerce Platforms Better Customer Engagement
  13. 13. 13 ELSE Corp A Virtual Retail Company © 2018 ELSE Corp S.r.l.
  14. 14. 14 ELSE Corp, a Virtual Retail company since 2014 © 2018 ELSE Corp S.r.l.
  15. 15. 15© 2018 ELSE Corp S.r.l. A Working Model for Footwear - Launch in September 2017
  16. 16. 16© 2018 ELSE Corp S.r.l. An End-to-End Platform for Virtual Retail Middle-ware Back-End Front-End • SDK & API based • Omni channel solution for 3D Commerce • Virtual, Augmented, Mixed reality integration • Integration into a custom 3D environment • Interactive 3D Products • Interactive 3D Avatars • Virtual Fitting (Best Style, Best Size) • Advanced materials visualisation • API connection to a CRM • API Connection to a PLM • Based on industrial CAD 3D/ 2D models • Complete logic of 3D Mass Customisation • Based on open CAD formats • UX Module extensions for custom features • API interconnection to e-Commerce • Pre-orders/ Orders generation for ERP • Full cycle for Made to Order manufacturing • Support for Industrial Made to Measure • Support for Hybrid & Digital Manufacturing scenarios and assets
  17. 17. 17© 2018 ELSE Corp S.r.l. Physical point of sale where the end user can tangibly experience the brand’s configuration process The ideal In-store Virtual Retail Corner of a brand comprises of five core elements - essential to the deployment of the E.L.S.E. Virtual Retail platform & experience in a physical retail space. SALES ASSISTANT TABLET APP PHYSICAL SAMPLES VIRTUAL 3D PRODUCT CONFIGURATOR VIRTUAL STYLE CATALOGUE 3D FOOT SCANNER HARDWARE & RELATED APP Virtual Retail Corner: Footwear Boutiques & Department Stores
  18. 18. 18© 2018 ELSE Corp S.r.l. Virtual Product Configurator, In Store & Web
  19. 19. Web & App 3D Configurator VR 3D Configurator AR 3D Configurator HoloLens 3D Configurator 19 Front-End for Mass Customization, powered by E.L.S.E. INTEGRATION INTO DIFFERENT ENVIRONMENTS © 2018 ELSE Corp S.r.l.
  20. 20. 20© 2018 ELSE Corp S.r.l. Virtual Retail & Real Time DASHBOARD for Brands, Manufacturers
  21. 21. Interested Parties from Footwear Companies (ready for the market in Q1 2018) Pioneer Companies to Test the Apparel Market Together (market tests Q2 2018) One Big Brand or Group to Test the Global Market Industry Experts to Join the Board Physical & E-Retailers. The Retailers to think of the next step: E-Commerce & V-Commercial Integration 21© 2018 ELSE Corp S.r.l. Resources Beyond Capital
  22. 22. FIND US: Hall 9 / A56-6 Andrey Golub andrey@else-corp.it Founder & CEO ELSE Corp 22© 2018 ELSE Corp S.r.l.
  23. 23. Disclaimer Brands’ logos inserted in this presentation belong to their respective owners and ELSE Corp Srl does not claim rights over them. Data and information provided in this presentation belong to public sources of digital access. ELSE Corp Srl has no responsibility for the accuracy of these sources. The pictures that are on this document are copyrighted to their personal owners. The credit is to the owner and in no way we are claiming the right to these photos. The pictures are taken from URL’s on the web and believed to be public.

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