The global Retail industry is set to grow to US$23 trillion by the end of the year 2015. By the year 2018, the astronomical figures that are expected to be achieved are pegged at US$28 trillion. With the retail industry growing at a steady pace of over 5% annually, both with the traditional brick-and-mortar stores as well as e-commerce ones, it is a foregone conclusion that the number of retailers entering the retail space is also set to grow simultaneously.
The global Retail industry is set to grow to US$23 trillion by the end of the year 2015. By the year 2018, the astronomical figures that are expected to be achieved are pegged at US$28 trillion (Retail Sales Worldwide, 2014).
In this whitepaper, we explores how PLM can help retailers to build faster ti me-to-value and accelerate their design ratios. Several retailers have felt as much as a 50% improvement in their design hit ratios and 45% increase in their time to market.
- More innovation
- Faster scalability of processes and
- Faster deployment of tools, analytics, etc.
