According to Business of Fashion Magazine, the pandemic has exposed the fragility of fashion’s global supply chains and the subsequent inventory excess that current production models can cause. Platforme, founded in 2015, is using technology to solve these excess inventory problems by helping them transition to made-to-order production methods — allowing consumer demand to guide output and, in turn, promoting more efficient practices and tackling overproduction.
Fashion executives are expressing intent to transform the supply chain. 60 percent of fashion executives in the BoF and McKinsey State of Fashion 2021 Survey plan to implement improved analytics for consumer insights and 43 percent are planning to reduce product development lead times to avoid overstock.
Have a look at BoF’s interview with Platforme CEO Gonçalo Cruz HERE.