A new study has revealed that over half of fashion retailers are not agile enough to be able to capitalise on the eCommerce boom that has started during COVID-19.
The study conducted by Hitachi Solutions and K3 technologies has shown that 57% of retailers did not feel confident enough to capitalise on this eCommerce boom. This was noted as due to lack of technology in place to support a strong eCommerce presence. A further 45% of fashion retailers claimed they are behind in their digital ERP journey.
However, retailers that made early investments in digital Enterprise Resource Planning (ERP) did not share the same lack of confidence and had much fewer issues around agility. This led to a much quicker deployment of efficient digital sales strategies with the help of data insights generated through ERP.
The study revealed that ultimately, early adopters of digital ERP where a third more likely