{"id":908,"date":"2020-12-09T10:09:02","date_gmt":"2020-12-09T09:09:02","guid":{"rendered":"http:\/\/matchplat.local\/italian-fashion-industry-strategies-for-new-start\/"},"modified":"2020-12-09T10:09:02","modified_gmt":"2020-12-09T09:09:02","slug":"italian-fashion-industry-strategies-for-new-start","status":"publish","type":"post","link":"https:\/\/www.matchplat.com\/en\/italian-fashion-industry-strategies-for-new-start\/","title":{"rendered":"Italian fashion industry : strategies for a new start"},"content":{"rendered":"<p><\/p>\n<p>Those who work in the <strong>Italian\u00a0fashion industry<\/strong> know that <strong>2020<\/strong> was an unprecedented year.<\/p>\n<p>The current health crisis has led to retail shops closing down, production stopping and a collapse in demand that has severely affected a sector that is <strong>fundamental for Italian manufacturing<\/strong>.<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-6668 size-full lazyload\" data-src=\"https:\/\/www.matchplat.com\/wp-content\/uploads\/2020\/12\/ABBIGLIAMENTO-2.png\" alt=\"Matchplat\" width=\"1920\" height=\"1150\" title=\"Matchplat\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1920px; --smush-placeholder-aspect-ratio: 1920\/1150;\"><\/p>\n<p>With over <strong>500.000 employees<\/strong> and a turnover of over<strong> 80 billion euros<\/strong>, fashion represents an irreplaceable component of the country&#8217;s economy, now severely damaged.<\/p>\n<p>Forecasts for 2020-2021 estimate losses of between <strong>39 and 52 billion euros<\/strong>, while the figures for the first half of this year show a<strong> 28% drop<\/strong> in revenues: unprecedented numbers, with some Italian regions such as Tuscany, Marche, Veneto and Lombardy particularly affected.<\/p>\n<p>The decline in demand for clothing in previous months should not, however, divert attention from other <strong>fundamental elements<\/strong>.<\/p>\n<p><strong>Which ones<\/strong>?<\/p>\n<p>All those drivers of <strong>change<\/strong> to be adopted in order to restart, facing the future with determination.<\/p>\n<p>First among these strategic assets, <strong>digital technology<\/strong>.<\/p>\n<p>The greatest resilience has been demonstrated by companies that have embraced the <strong>transformation<\/strong> underway: we are not only referring to e-commerce, but to that broader set of solutions that include the use of <strong>Big Data<\/strong> and <strong>Artificial Intelligence<\/strong>.<\/p>\n<p>In Italy,<strong> only 10%<\/strong> of the supply chain has integrated this approach, and these are the realities that have been able to avoid irreparable losses and now look to the future with greater <strong>confidence<\/strong>. Some of them have found new consumers <strong>outside Europe<\/strong>, diversifying their revenues and reducing their dependence on the internal market: a real lifeline in this period.<\/p>\n<p>We are witnessing a real paradigm shift, in which new technologies are allied to all those companies that have made the <strong>protection of Made in Italy<\/strong> a daily practice.<\/p>\n<p>Online sales channels are important, but alone they may not be enough: a <strong>complete digital strategy<\/strong> must include <strong>broader<\/strong> and <strong>more articulated plans<\/strong>.<\/p>\n<p><strong>How<\/strong>?<\/p>\n<p>First, looking abroad: the more than<a href=\"https:\/\/www.corriere.it\/economia\/moda-business\/20_maggio_11\/covid-costa-tessile-abbigliamento-6-miliardi-esportazioni-51e60204-93ba-11ea-9606-c84daa18e54a.shtml\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"> 6 billion exports<\/a> lost by the fashion supply chain during the past months will push companies to take new ways to be present in foreign markets, aiming at increasing efficiency.<\/p>\n<p>This is also confirmed by Michele Castagna, <strong>export manager<\/strong> for eleven years: recently he told us how the current scenario has pushed more and more companies towards an<strong> internationalization<\/strong> strategy where digital is the absolute protagonist thanks to databases and <a href=\"https:\/\/www.matchplat.com\/en\/the-matchplat-method\/\" target=\"_blank\" rel=\"noopener noreferrer\">Artificial Intelligence algorithms<\/a>.<\/p>\n<p>For more details, find the interview <a href=\"https:\/\/www.matchplat.com\/en\/interview-with-michele-castagna-temporary-export-manager\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>here<\/strong><\/a>.<\/p>\n<p>The continuous <strong>search for excellence<\/strong> that has always distinguished the Italian fashion industry must now catch up: to do so it will be crucial to know the <strong>right markets<\/strong> and the <strong>best counterparts<\/strong>\u00a0within them.<\/p>\n<p>A goal that requires <strong>effective<\/strong>, <strong>in-depth<\/strong> and <strong>affordable<\/strong> analyses: only in this way will the clothing sector be able to start again, seizing new opportunities inside and outside Italy.<\/p>\n<p><\/p>\n<p>Do you want to learn more about the benefits of AI for your business?<\/p>\n<p><\/p>\n<p>Request a free pre-analysis!<\/p>\n<p><a href=\"#\" class=\"post-button\">Contact us<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Those who work in the Italian\u00a0fashion industry know that 2020 was an unprecedented year. The current health crisis has led to retail shops closing down, production stopping and a collapse in demand that has severely affected a sector that is fundamental for Italian manufacturing. With over 500.000 employees and a turnover of over 80 billion [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[23,13],"tags":[],"class_list":["post-908","post","type-post","status-publish","format-standard","hentry","category-markets-and-supply-chains","category-portfolio-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.matchplat.com\/en\/wp-json\/wp\/v2\/posts\/908","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.matchplat.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.matchplat.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.matchplat.com\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.matchplat.com\/en\/wp-json\/wp\/v2\/comments?post=908"}],"version-history":[{"count":0,"href":"https:\/\/www.matchplat.com\/en\/wp-json\/wp\/v2\/posts\/908\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.matchplat.com\/en\/wp-json\/wp\/v2\/media?parent=908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.matchplat.com\/en\/wp-json\/wp\/v2\/categories?post=908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.matchplat.com\/en\/wp-json\/wp\/v2\/tags?post=908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}