According to McKinsey & Company forecasts, generative AI could add up to £257bn to the clothing, fashion and luxury sector’s operating profits in the next three to five years.
In other words, the fashion and AI worlds are colliding, and this has the potential to disrupt every facet of fashion retail. But what does this actually mean, and how should the industry react?
In Drapers, our Founder, MD & Creative Director, Amy Ramage, is joined by several industry leaders covering everything from AI’s impact on stock management to merchandising. She gives her thoughts on exciting areas to watch, including its ability to create more individualised and personal experiences. With such huge opportunities available, it’s exciting to see what the future holds.
Look into the future by reading the article in Drapers now - or catch it in print in the June edition. The article is behind a paywall, but if you’re keen to talk AI and Fashion, reach out to us for a chat instead!