The Future of Standards in the Apparel Industry

摘要

Since the first barcode was scanned in 1974, standards have led to huge savings for the consumer goods industry, including the apparel sector, allowing more efficient flows of goods and information. In fact, research conducted by GS1 UK and the Cranfield School of Management revealed that barcode adoption in the UK saved the country's retail industry £10.5 billion in 2011. However, a new study, which was based on in-depth interviews with more than 20 consumer goods and retail companies conducted by Capgemini Consulting in partnership with GS1 and The Consumer Goods Forum, has found that if standards are extended more broadly within the industry's ecosystem there is the potential for even more savings.