Textile Sector

In the last 10 years, the cost of processing power has decreased by 50 times, the cost of data storage by 20 times, the cost of bandwidth by 40 times, the cost of sensors by 50% and the cost of robots by 30%. Parallel to this, textile technology has also experienced a significant development in terms of both product and production technology. Customers’ expectations have changed both in terms of products and access methods. Demands for customized production and shorter delivery times are increasing day by day. New production technologies such as seamless manufacturing are further increasing customer expectations. Industry players need to make the necessary investments in corporate governance or back-office systems to manage these demands.

Virtual Reality (AR) With developing technologies such as developing technologies, accelerating and developing web, customers have the opportunity to examine their products in the virtual environment without going to stores and have the opportunityto compare different products. The current pandemic has made this habit even more common. Therefore, retaining loyal customers is not as easy as it used to be, and companies definitely need to make a difference. However, competitors, suppliers, customers reduce your company’s profitability.

It is increasingly important for manufacturers to be flexible and agile. Manufacturers that respond quickly to rapidly changing customer demands are preferred. Flexible demand management, shorter order times and direct-to-customer sales (ship to end-user) are becoming increasingly important for survival. All kinds of technological investments must be made in order for companies to keep the delivery times they have promised to their customers, to continue production as planned, and to minimize unexpected interruptions.

Due to the negative judgment that we all unfortunately have in the society about the environment, it is inevitable that players in the textile industryshould carry out environmentally friendly policies to reduce social pressure. The ability of organizations to produce sustainably is becoming an important purchasing factor for end consumers. The use of technology is a prerequisite for sustainability.

E-commerce, which is shaped by the use of digital technologies, enables firms to access and transact with potential customers, complementors and suppliers (including employees) in other countries at low costs, providing supply-side economies of scale.

More importantly, it increases firms’ profitability by generating demand-side economies of scale (prices increase as the number of customers and quantities sold increase), which can be added to e-commerce systemsthrough platformization, allowing international buyers, sellers and complementors to offer value to each other.