The global fashion apparel industry is one of the most important sectors of the economy in terms of investment, revenue, trade and employment generation all over the world. Apparel industry has short product life cycle, tremendous product variety, volatile and unpredictable demand, long and inflexible supply processes. The industry has-been in a transition over the last 20 years. Some of the its major contributors are:
- Significant consolidation in retail,
- Increasing use of electronic commerce in retail, and
- Wholesale trade