KPMG International

A truly global phenomenon, the transformative power of artificial intelligence or AI can reach its full potential only when paired with human expertise and ingenuity. A KPMG study on the apparel and footwear industry finds that although it is being deployed, the journey still has miles to go.

When it comes to circularity, the fashion sector scores high on ‘ambition and strategy’ and ‘goals and targets’, and has made strong progress with its circular ambitions and collaboration initiatives. But there is further potential in establishing new and increasing existing targets, implementing initiatives on a broader scale, and enhancing circular inflows and circular business models, says a KPMG report.