Supply Chain and Technology Trends Report 2023 by CGS

2023 CGS report

The CGS 2023 Supply Chain Trends and Technology Report highlights the results of a market research survey conducted by CGS during November and December 2022. Approximately 350 industry professionals participated. 

This report provided a mix of trends that have held firm and others of increased importance to respondents. This report compiles feedback from approximately 350 of your peers, including professionals from the C-suite, operations, finance, sourcing and supply chain management, product development, retail operations, IT, and e-commerce. 

Here is what you get inside the Supply Chain and Technology Trends report. 

Key Report Highlights

1. eCommerce: remained the number one growth opportunity in 2023 as it was for CGS’s 2022 Report.

2. Sustainability: represents the year's biggest change moving from the sixth-most important growth opportunity to the second.

3. Inflation: ranked third, which is consistent with other surveys1, which found 85% of fashion executives predict inflation will continue to challenge the market.

4. Reducing Costs: for 1/3rd of respondents, reducing costs ranked either first or second in their list of 2023 priorities.

5. Supply Chain Confidence: while a healthy 63% of respondents have moderate confidence in their supply chains, only 23% have high confidence and ~15% reported low to no supply chain confidence.

6. Supply Chain Visibility: 57% of respondents plan to improve supply chain visibility in 2023.

7. Digital Transformation: An overwhelming 70% of respondents have or plan to implement technology to support process digitalization.

8. Strengthening Supply Chain Relationships: is cited as the number one action taken or planned in order to overcome supply chain challenges.

To learn how more than 350 industry executives and stakeholders view their opportunities, challenges, improvements, technologies, and investments for 2023, Download the free CGS Supply Chain Trends & Technology Report.

Prasanta Sarkar

Prasanta Sarkar is a textile engineer and a postgraduate in fashion technology from NIFT, New Delhi, India. He has authored 6 books in the field of garment manufacturing technology, garment business setup, and industrial engineering. He loves writing how-to guide articles in the fashion industry niche. He has been working in the apparel manufacturing industry since 2006. He has visited garment factories in many countries and implemented process improvement projects in numerous garment units in different continents including Asia, Europe, and South Africa. He is the founder and editor of the Online Clothing Study Blog.

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