[PDF] FASHION TRENDS AND ITS IMPACT ON SOCIETY: A CASE

How much of apparel exports will shift to different countries?

• Anywhere from one-third to one-half of global apparel exports could shift to different countries in the next five years as companies alter their sourcing strategies in an attempt to increase supply chain resilience. 80 The State of Fashion 2021 experts in mid-2020 to gauge just how frequently things go wrong.

When will fashion be back to pre-crisis levels?

A full recovery of global fashion sales to pre-crisis levels will not come until the third quarter of 2022 at the earliest, according to McKinsey’s Fashion Scenarios.23Indeed, fashion is expected to be among the slowest-recovering discretionary spend categories. “Undoubtedly the apparel market has shrunk in 2020.

Is timesvd++ appropriate for capturing fashion dynamics?

First, as we show quan- titatively, the evolution of fashion trends can be abrupt and non- linear, so that existing temporal models such as timeSVD++ [19] are not immediately appropriate to address the challenge of captur- ing fashion dynamics.

Is more always better in fashion?

64 The State of Fashion 2021 The events of 2020 have highlighted that more is not always better. Indeed, they have shown that brands that reduce complexity and rely less on discounting as a way to prop up sales often outperform those that do not.