As we close out 2024, this year's final episode is joined by Yoobin Jung, a VC at Plug and Play, where she along with our host Peter break down the fashion tech booms and busts that happened throughout the year. They discuss:
• AI's transformative impact on fashion design: Generative design tools are accelerating prototyping and reshaping brand identities, but raise ethical concerns about potentially replacing junior designers.
• The sustainability challenge: AI could help align production with demand, potentially addressing the persistent issue of overproduction in the fashion industry.
• Luxury brands and AI adoption: High-end fashion houses are cautiously approaching AI, grappling with complexities of clothing structures and concerns about AI-driven overconsumption.
• Recommendation algorithms: Effectiveness varies between Europe and South Korea, prompting questions about enhancing consumer experiences versus fuelling overconsumption.
• Regulatory landscape: EU policies like Extended Producer Responsibility aim to promote circularity, yet industry readiness is questionable, as evidenced by Renewcell's bankruptcy.
• Future of luxury e-commerce: The resale market is gaining prominence, with potential lessons from South Korea's Kakao platform on integrating digital and physical retail experiences.
Contact Yoobin on LinkedIn: linkedin.com/in/yoobinjung
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The show is recorded from Beyond Form, a fashion tech innovation platform. We build, invest, and educate fashion tech entrepreneurs and startups. We’d love to hear your feedback, so let us know if you’d like to hear a certain topic. Email us at [email protected]. If you’re an entrepreneur or fashion tech startup looking for studio support, check out our website: beyondform.io