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Shortening lead times requires major changes to the traditional enterprise mannequin and supply chain, and a shift in focus to a customer-centric mannequin. Laggards face increased fashion threat and excess stock if they fail to match customer demand. Frontrunners are building agile provide chains supported by higher-quality client insights—with the frontier being close to a real-time supply chain fed by “test and learn” and data analytics. These are a few of the findings from our latest The State of Fashion report, written in partnership with the Business of Fashion to discover the industry’s fragmented, complex ecosystem.

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The proprietor is personally taxed on all income from the business. Business is the practice of making one’s living or making money by producing or buying and selling products . It is also “any activity or enterprise entered into for profit.” Due to the changing reality, China strategies that were set in place before 2020 are likely no longer valid. We thereby see an urgent need for companies to build resilience and increase agility to be able to navigate this time of heightened uncertainty.

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