SlideShare a Scribd company logo
Introduction
 The power balance has shifted in retail sector globally. The power lies in the hands of the
buyer rather than the seller now. Consumers dictate when, what, how and where they wish
to shop.
 This is undeniably a threat to the traditional brick-and-mortar retail model. But, this shift
offers tremendous opportunities to the forward-thinking sellers who understand these
consequences and seek for technologies like IoT solutions.
 Internet of Things, or IoT can not only help in reducing costs and protecting profit margins
but can also help in business growth, adding services to the product profile, and enhancing
their customer’s buying experiences.
So what is IoT?
 IoT is a change in the predictable pathways the information used to travel from in the
physical world. When objects get the ability to sense the environment and
communicate, they will become a means for information transfer and sharing globally.
 IoT will enable us to connect any device, person or object, to the Internet or/and to
each other. This connection will be managed through on and off switch that can
enable us to control the communication through them.
 It will have implications, on privacy and data security. But, it also presents the biggest
opportunity to the retail industry.
IoT in Apparel Retail
 With IoT connecting individual items via a digital thread, products and sellers will be able to
communicate directly with the customers, with customized communication that is based on
the customer’s needs and concerns.
 There are multiple benefits that IoT can offer to retailers, which can act as a competitive
differentiator for them:
1. Till date, wearable technology in the fashion realm has been more or less focused on the
gimmicky features. With IoT, more relevant applications to wearable technology or digital
wardrobes could be made.
2. Apart from improving the post sales experience for the customers, IoT also presents the
retailers with opportunities to improve the customer’s buying process.
IoT in Apparel Retail
3. Another benefit that IoT offers retailers is loss prevention and fraud identification. Around 5 to 7%
goods or world trade are counterfeit products. Brands invest a lot of time and money into
counteracting this fraud. IoT will enable brands to efficiently track and identify such goods and
prevent fraudulent sales under their brand name.
4. Lastly, data gathered from individual products that can be situated anywhere in the world, the
IoT technology will provide a crystal clear image of the stocks that can help brands to optimize
their inventory and automate replenishment in a very simple and accurate way based on the actual
customer needs and not just on the retailer’s orders.
Conclusion
 IoT development and integration into apparel retail is still in its early stages. In a recent
survey, Industry Week highlighted that 40% respondents of their survey believed that this is
the right time to invest in IoT technology. IoT technology also should not be limited to the
areas of strategic developments or data collection but it should be regarded for an overall
IT readiness for apparel supply chains.
For more insight on this topic, visit
www.stitchdiary.com

More Related Content

More from ThreadSol

THE NUMBERS DON’T LIE: There Are Strong Economic Incentives For Businesses To...
THE NUMBERS DON’T LIE: There Are Strong Economic Incentives For Businesses To...THE NUMBERS DON’T LIE: There Are Strong Economic Incentives For Businesses To...
THE NUMBERS DON’T LIE: There Are Strong Economic Incentives For Businesses To...
ThreadSol
 
FUNCTIONAL GARMENTS – When Garments Do More Than Fashion
FUNCTIONAL GARMENTS – When Garments Do More Than Fashion FUNCTIONAL GARMENTS – When Garments Do More Than Fashion
FUNCTIONAL GARMENTS – When Garments Do More Than Fashion
ThreadSol
 
What is denim?
What is denim?What is denim?
What is denim?
ThreadSol
 
The key issues that are holding back apparel manufacturing in india
The key issues that are holding back apparel manufacturing in indiaThe key issues that are holding back apparel manufacturing in india
The key issues that are holding back apparel manufacturing in india
ThreadSol
 
What is Block-Chain Technology?
What is Block-Chain Technology?What is Block-Chain Technology?
What is Block-Chain Technology?
ThreadSol
 
How is costing done in the garment industry?
How is costing done in the garment industry?How is costing done in the garment industry?
How is costing done in the garment industry?
ThreadSol
 
Emerging asian economies impact on the garment industry
Emerging asian economies   impact on the garment industryEmerging asian economies   impact on the garment industry
Emerging asian economies impact on the garment industry
ThreadSol
 
Intello3c Brochure - World's First AI Based Cosing Excellence Platform for Ap...
Intello3c Brochure - World's First AI Based Cosing Excellence Platform for Ap...Intello3c Brochure - World's First AI Based Cosing Excellence Platform for Ap...
Intello3c Brochure - World's First AI Based Cosing Excellence Platform for Ap...
ThreadSol
 
What is 3-D Textile Printing?
What is 3-D Textile Printing?What is 3-D Textile Printing?
What is 3-D Textile Printing?
ThreadSol
 
How emerging economies are affecting supply chains?
How emerging economies are affecting supply chains?How emerging economies are affecting supply chains?
How emerging economies are affecting supply chains?
ThreadSol
 
Intello3c Brochure - World's First AI Based Cosing Excellence Platform for Ap...
Intello3c Brochure - World's First AI Based Cosing Excellence Platform for Ap...Intello3c Brochure - World's First AI Based Cosing Excellence Platform for Ap...
Intello3c Brochure - World's First AI Based Cosing Excellence Platform for Ap...
ThreadSol
 
Why do we need trims in a garment?
Why do we need trims in a garment?Why do we need trims in a garment?
Why do we need trims in a garment?
ThreadSol
 
Is Kenya – A rising power in apparel industry?
Is Kenya – A rising power in apparel industry?Is Kenya – A rising power in apparel industry?
Is Kenya – A rising power in apparel industry?
ThreadSol
 
Are you wasting fabric while splicing?
Are you wasting fabric while splicing?Are you wasting fabric while splicing?
Are you wasting fabric while splicing?
ThreadSol
 
6 reasons why you need to sort your fabric store now!
6 reasons why you need to sort your fabric store now!6 reasons why you need to sort your fabric store now!
6 reasons why you need to sort your fabric store now!
ThreadSol
 
What is the future of Apparel Sourcing?
What is the future of Apparel Sourcing?What is the future of Apparel Sourcing?
What is the future of Apparel Sourcing?
ThreadSol
 
What is the future of Apparel Sourcing?
What is the future of Apparel Sourcing?What is the future of Apparel Sourcing?
What is the future of Apparel Sourcing?
ThreadSol
 
How big is the Vietnamese Garment Industry?
How big is the Vietnamese Garment Industry?How big is the Vietnamese Garment Industry?
How big is the Vietnamese Garment Industry?
ThreadSol
 
What is Amazon Effect?
What is Amazon Effect?What is Amazon Effect?
What is Amazon Effect?
ThreadSol
 
IRAN - an emerging power in textile and apparel industry
IRAN - an emerging power in textile and apparel industryIRAN - an emerging power in textile and apparel industry
IRAN - an emerging power in textile and apparel industry
ThreadSol
 

More from ThreadSol (20)

THE NUMBERS DON’T LIE: There Are Strong Economic Incentives For Businesses To...
THE NUMBERS DON’T LIE: There Are Strong Economic Incentives For Businesses To...THE NUMBERS DON’T LIE: There Are Strong Economic Incentives For Businesses To...
THE NUMBERS DON’T LIE: There Are Strong Economic Incentives For Businesses To...
 
FUNCTIONAL GARMENTS – When Garments Do More Than Fashion
FUNCTIONAL GARMENTS – When Garments Do More Than Fashion FUNCTIONAL GARMENTS – When Garments Do More Than Fashion
FUNCTIONAL GARMENTS – When Garments Do More Than Fashion
 
What is denim?
What is denim?What is denim?
What is denim?
 
The key issues that are holding back apparel manufacturing in india
The key issues that are holding back apparel manufacturing in indiaThe key issues that are holding back apparel manufacturing in india
The key issues that are holding back apparel manufacturing in india
 
What is Block-Chain Technology?
What is Block-Chain Technology?What is Block-Chain Technology?
What is Block-Chain Technology?
 
How is costing done in the garment industry?
How is costing done in the garment industry?How is costing done in the garment industry?
How is costing done in the garment industry?
 
Emerging asian economies impact on the garment industry
Emerging asian economies   impact on the garment industryEmerging asian economies   impact on the garment industry
Emerging asian economies impact on the garment industry
 
Intello3c Brochure - World's First AI Based Cosing Excellence Platform for Ap...
Intello3c Brochure - World's First AI Based Cosing Excellence Platform for Ap...Intello3c Brochure - World's First AI Based Cosing Excellence Platform for Ap...
Intello3c Brochure - World's First AI Based Cosing Excellence Platform for Ap...
 
What is 3-D Textile Printing?
What is 3-D Textile Printing?What is 3-D Textile Printing?
What is 3-D Textile Printing?
 
How emerging economies are affecting supply chains?
How emerging economies are affecting supply chains?How emerging economies are affecting supply chains?
How emerging economies are affecting supply chains?
 
Intello3c Brochure - World's First AI Based Cosing Excellence Platform for Ap...
Intello3c Brochure - World's First AI Based Cosing Excellence Platform for Ap...Intello3c Brochure - World's First AI Based Cosing Excellence Platform for Ap...
Intello3c Brochure - World's First AI Based Cosing Excellence Platform for Ap...
 
Why do we need trims in a garment?
Why do we need trims in a garment?Why do we need trims in a garment?
Why do we need trims in a garment?
 
Is Kenya – A rising power in apparel industry?
Is Kenya – A rising power in apparel industry?Is Kenya – A rising power in apparel industry?
Is Kenya – A rising power in apparel industry?
 
Are you wasting fabric while splicing?
Are you wasting fabric while splicing?Are you wasting fabric while splicing?
Are you wasting fabric while splicing?
 
6 reasons why you need to sort your fabric store now!
6 reasons why you need to sort your fabric store now!6 reasons why you need to sort your fabric store now!
6 reasons why you need to sort your fabric store now!
 
What is the future of Apparel Sourcing?
What is the future of Apparel Sourcing?What is the future of Apparel Sourcing?
What is the future of Apparel Sourcing?
 
What is the future of Apparel Sourcing?
What is the future of Apparel Sourcing?What is the future of Apparel Sourcing?
What is the future of Apparel Sourcing?
 
How big is the Vietnamese Garment Industry?
How big is the Vietnamese Garment Industry?How big is the Vietnamese Garment Industry?
How big is the Vietnamese Garment Industry?
 
What is Amazon Effect?
What is Amazon Effect?What is Amazon Effect?
What is Amazon Effect?
 
IRAN - an emerging power in textile and apparel industry
IRAN - an emerging power in textile and apparel industryIRAN - an emerging power in textile and apparel industry
IRAN - an emerging power in textile and apparel industry
 

Recently uploaded

thrifthands-thrift store- get the latest trends
thrifthands-thrift store- get the latest trendsthrifthands-thrift store- get the latest trends
thrifthands-thrift store- get the latest trends
amarshifan555
 
The Fascinating World of Bats: Unveiling the Secrets of the Night
The Fascinating World of Bats: Unveiling the Secrets of the NightThe Fascinating World of Bats: Unveiling the Secrets of the Night
The Fascinating World of Bats: Unveiling the Secrets of the Night
thomasard1122
 
一比一原版(McGill毕业证书)麦吉尔大学毕业证如何办理
一比一原版(McGill毕业证书)麦吉尔大学毕业证如何办理一比一原版(McGill毕业证书)麦吉尔大学毕业证如何办理
一比一原版(McGill毕业证书)麦吉尔大学毕业证如何办理
lyurzi7r
 
Types of Garage Doors Explained: Energy Efficiency, Style, and More
Types of Garage Doors Explained: Energy Efficiency, Style, and MoreTypes of Garage Doors Explained: Energy Efficiency, Style, and More
Types of Garage Doors Explained: Energy Efficiency, Style, and More
Affordable Garage Door Repair
 
Insanony: Watch Instagram Stories Secretly - A Complete Guide
Insanony: Watch Instagram Stories Secretly - A Complete GuideInsanony: Watch Instagram Stories Secretly - A Complete Guide
Insanony: Watch Instagram Stories Secretly - A Complete Guide
Trending Blogers
 
MRS PUNE 2024 - WINNER AMRUTHAA UTTAM JAGDHANE
MRS PUNE 2024 - WINNER AMRUTHAA UTTAM JAGDHANEMRS PUNE 2024 - WINNER AMRUTHAA UTTAM JAGDHANE
MRS PUNE 2024 - WINNER AMRUTHAA UTTAM JAGDHANE
DK PAGEANT
 
Biography and career history of Bruno Amezcua
Biography and career history of Bruno AmezcuaBiography and career history of Bruno Amezcua
Biography and career history of Bruno Amezcua
Bruno Amezcua
 
Analysis and Assessment of Gateway Process – HemiSync(1).PDF
Analysis and Assessment of Gateway Process – HemiSync(1).PDFAnalysis and Assessment of Gateway Process – HemiSync(1).PDF
Analysis and Assessment of Gateway Process – HemiSync(1).PDF
JoshuaDagama1
 
Self-Discipline: The Secret Weapon for Certain Victory
Self-Discipline: The Secret Weapon for Certain VictorySelf-Discipline: The Secret Weapon for Certain Victory
Self-Discipline: The Secret Weapon for Certain Victory
bluetroyvictorVinay
 
MISS TEEN LUCKNOW 2024 - WINNER ASIYA 2024
MISS TEEN LUCKNOW 2024 - WINNER ASIYA 2024MISS TEEN LUCKNOW 2024 - WINNER ASIYA 2024
MISS TEEN LUCKNOW 2024 - WINNER ASIYA 2024
DK PAGEANT
 
Capsule Wardrobe Women: A document show
Capsule Wardrobe Women:  A document showCapsule Wardrobe Women:  A document show
Capsule Wardrobe Women: A document show
mustaphaadeyemi08
 

Recently uploaded (11)

thrifthands-thrift store- get the latest trends
thrifthands-thrift store- get the latest trendsthrifthands-thrift store- get the latest trends
thrifthands-thrift store- get the latest trends
 
The Fascinating World of Bats: Unveiling the Secrets of the Night
The Fascinating World of Bats: Unveiling the Secrets of the NightThe Fascinating World of Bats: Unveiling the Secrets of the Night
The Fascinating World of Bats: Unveiling the Secrets of the Night
 
一比一原版(McGill毕业证书)麦吉尔大学毕业证如何办理
一比一原版(McGill毕业证书)麦吉尔大学毕业证如何办理一比一原版(McGill毕业证书)麦吉尔大学毕业证如何办理
一比一原版(McGill毕业证书)麦吉尔大学毕业证如何办理
 
Types of Garage Doors Explained: Energy Efficiency, Style, and More
Types of Garage Doors Explained: Energy Efficiency, Style, and MoreTypes of Garage Doors Explained: Energy Efficiency, Style, and More
Types of Garage Doors Explained: Energy Efficiency, Style, and More
 
Insanony: Watch Instagram Stories Secretly - A Complete Guide
Insanony: Watch Instagram Stories Secretly - A Complete GuideInsanony: Watch Instagram Stories Secretly - A Complete Guide
Insanony: Watch Instagram Stories Secretly - A Complete Guide
 
MRS PUNE 2024 - WINNER AMRUTHAA UTTAM JAGDHANE
MRS PUNE 2024 - WINNER AMRUTHAA UTTAM JAGDHANEMRS PUNE 2024 - WINNER AMRUTHAA UTTAM JAGDHANE
MRS PUNE 2024 - WINNER AMRUTHAA UTTAM JAGDHANE
 
Biography and career history of Bruno Amezcua
Biography and career history of Bruno AmezcuaBiography and career history of Bruno Amezcua
Biography and career history of Bruno Amezcua
 
Analysis and Assessment of Gateway Process – HemiSync(1).PDF
Analysis and Assessment of Gateway Process – HemiSync(1).PDFAnalysis and Assessment of Gateway Process – HemiSync(1).PDF
Analysis and Assessment of Gateway Process – HemiSync(1).PDF
 
Self-Discipline: The Secret Weapon for Certain Victory
Self-Discipline: The Secret Weapon for Certain VictorySelf-Discipline: The Secret Weapon for Certain Victory
Self-Discipline: The Secret Weapon for Certain Victory
 
MISS TEEN LUCKNOW 2024 - WINNER ASIYA 2024
MISS TEEN LUCKNOW 2024 - WINNER ASIYA 2024MISS TEEN LUCKNOW 2024 - WINNER ASIYA 2024
MISS TEEN LUCKNOW 2024 - WINNER ASIYA 2024
 
Capsule Wardrobe Women: A document show
Capsule Wardrobe Women:  A document showCapsule Wardrobe Women:  A document show
Capsule Wardrobe Women: A document show
 

How “Internet of Things” will innovate the apparel industry

  • 1.
  • 2. Introduction  The power balance has shifted in retail sector globally. The power lies in the hands of the buyer rather than the seller now. Consumers dictate when, what, how and where they wish to shop.  This is undeniably a threat to the traditional brick-and-mortar retail model. But, this shift offers tremendous opportunities to the forward-thinking sellers who understand these consequences and seek for technologies like IoT solutions.  Internet of Things, or IoT can not only help in reducing costs and protecting profit margins but can also help in business growth, adding services to the product profile, and enhancing their customer’s buying experiences.
  • 3. So what is IoT?  IoT is a change in the predictable pathways the information used to travel from in the physical world. When objects get the ability to sense the environment and communicate, they will become a means for information transfer and sharing globally.  IoT will enable us to connect any device, person or object, to the Internet or/and to each other. This connection will be managed through on and off switch that can enable us to control the communication through them.  It will have implications, on privacy and data security. But, it also presents the biggest opportunity to the retail industry.
  • 4. IoT in Apparel Retail  With IoT connecting individual items via a digital thread, products and sellers will be able to communicate directly with the customers, with customized communication that is based on the customer’s needs and concerns.  There are multiple benefits that IoT can offer to retailers, which can act as a competitive differentiator for them: 1. Till date, wearable technology in the fashion realm has been more or less focused on the gimmicky features. With IoT, more relevant applications to wearable technology or digital wardrobes could be made. 2. Apart from improving the post sales experience for the customers, IoT also presents the retailers with opportunities to improve the customer’s buying process.
  • 5. IoT in Apparel Retail 3. Another benefit that IoT offers retailers is loss prevention and fraud identification. Around 5 to 7% goods or world trade are counterfeit products. Brands invest a lot of time and money into counteracting this fraud. IoT will enable brands to efficiently track and identify such goods and prevent fraudulent sales under their brand name. 4. Lastly, data gathered from individual products that can be situated anywhere in the world, the IoT technology will provide a crystal clear image of the stocks that can help brands to optimize their inventory and automate replenishment in a very simple and accurate way based on the actual customer needs and not just on the retailer’s orders.
  • 6. Conclusion  IoT development and integration into apparel retail is still in its early stages. In a recent survey, Industry Week highlighted that 40% respondents of their survey believed that this is the right time to invest in IoT technology. IoT technology also should not be limited to the areas of strategic developments or data collection but it should be regarded for an overall IT readiness for apparel supply chains.
  • 7. For more insight on this topic, visit www.stitchdiary.com