Korean manufacturing’s digital transformation must escape ‘pilot purgatory’

At the 2019 Annual Meeting of the New Champions (Summer Davos Forum) held in early July in Dalian, China, the World Economic Forum (WEF) selected ten manufacturing locations, including one from South Korean steelmaker POSCO, as “lighthouse factories”—plants that lead the future of manufacturing, just as a lighthouse shines across the sea. Since 2018, WEF…

Must Read: Why Brands Are Sliding Into Your DMs, How Social Media Transformed Fashion in the 2010s

Photo: Christian Vierig/Getty ImagesThese are the stories making headlines in fashion on Friday.Why brands are sliding into your DMs In a digital-first age, companies are relying on tactics like texting, WhatsApp and Instagram to drive marketing and sales. Brands like Tommy Hilfiger, Dirty Lemon, Estée Lauder and Everlane have come to rely on “a mix of…

The future of fashion will be run by influencers

Farfetch (FTCH), a luxury online fashion retailer that went public last year, on Aug. 8 announced its second acquisition in the streetwear space: New Guards Group (NGG), the exclusive license-holder for high-end streetwear brands like Off-White and Heron Preston. The deal follows Farfetch’s 2018 purchase of Stadium Goods, an online sneaker and streetwear marketplace.Farfetch billed…