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Fashion industry executives are facing significant challenges, including inflation, labor costs, and the evolving landscape of direct-to-consumer retail. A recent survey by Kearney, involving 1,000 industry leaders, highlights their concerns about the impact of artificial intelligence and sustainability on their businesses. The findings will be discussed in an upcoming webinar featuring key figures from Kearney and WWD.
The survey indicates that a majority of executives recognize the importance of consumer trends, with 49% identifying it as a critical area for improvement. Additionally, 69% of respondents view primary AI applications as essential for their operations. As sustainability becomes increasingly vital, 85% of those surveyed plan to maintain or boost their sustainability spending in the near future.
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