Industry-specific consulting for

Fashion

For more than 30 years TMG Consultants have been supporting companies in the fashion industry to successfully implement this transformation – with a deep understanding of the industry, methodical expertise and measurable results.

With a turnover of over 66 billion euros and more than one million employees, the fashion industry is one of the most important consumer goods sectors in Germany and Europe. It combines creative power with industrial production and global trade. The industry is currently facing profound upheavals – driven by changing consumer behavior, ecological requirements and the digital transformation. Only those who strategically realign themselves, establish agile business models and make their value chains fit for the future will be successful in an increasingly competitive market environment.

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TMG 9 Industries 9 Fashion

Industry in transition

What are the current challenges in the fashion industry?

The fashion industry is facing a profound structural change: Brick-and-mortar retail is becoming less important, while online and platform business is dominating. At the same time, social and regulatory pressure to operate more sustainably and transparently is growing. Supply chains are increasingly volatile due to geopolitical tensions, energy prices and transportation costs. In addition, there are increasing requirements for ESG compliance, rising return rates in online retail and consumer restraint as a result of economic uncertainty. The fast pace of trends, combined with the need for individualization and digitalization, poses major challenges for established brands, retailers and producers alike.

The industry must reinvent itself both strategically and operationally in order to remain viable in the face of international competition – from global corporations to medium-sized fashion manufacturers.

Strategies for the future

What is the current need for adjustment and optimization?

In view of the disruptive changes, a comprehensive transformation process is necessary:

Establish digital business models:
Brands need to create cross-channel customer experiences – through omnichannel strategies, digital showrooms and personalized e-commerce offers. The targeted use of data analytics enables more precise product range and price management.
Integrating sustainability:
ESG-compliant supply chains, the use of recycled materials and transparent production conditions are becoming the standard. The establishment of circular business models (e.g. resale, rental, repair) creates new sales potential and brand loyalty.
Rethinking of supply chains:
Greater diversification of supply sources, nearshoring and digital transparency along the entire value chain are necessary to minimize risks and increase responsiveness.
Efficiency and cost management:
In an environment of falling margins and rising costs, purchasing, planning and logistics processes must be systematically optimized and technological potential such as automated inventory control or AI-based forecasts must be used.
Agility in design and production:
Faster collection cycles, on-demand production and local manufacturing enable a faster response to trends and reduce overproduction at the same time.

Industry expertise

Selected reference customers in the fashion industry

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