Technological Innovations as Drivers of Change in the Global Fashion Industry
Galenko O. M., Verbytska O. O.

Galenko, Oksana M., and Verbytska, Olena O. (2025) “Technological Innovations as Drivers of Change in the Global Fashion Industry.” The Problems of Economy 2:4–9.
https://doi.org/10.32983/2222-0712-2025-2-4-9

Section: World economy and international relations

UDC 39.13:687.01:004.8:005.94

Abstract:
The article is dedicated to the analysis of the processes of digital transformation in the global fashion industry under the influence of the introduction of cutting-edge technologies. The article explores the impact of digitalization on the main stages of the fashion business – from the development of collection conceptions to the processes of production, marketing, and sales. It is noted that the integration of artificial intelligence, machine learning, and augmented and virtual reality technologies contributes to the emergence of new business models and changes traditional mechanisms of interaction with consumers. Attention is focused on the development of digital clothing, the emergence of metaverses for fashion retail, as well as the use of blockchain technologies to ensure transparency in supply chains. It is shown that digital transformation leads to accelerated product turnover, personalized offerings, and increased customer engagement through new communication channels. Particular attention has been paid to the ecological aspects of digitalization, specifically the opportunities to reduce overproduction and decrease carbon footprints through the use of digital prototypes and virtual showrooms. The impact of e-commerce and omnichannel strategies on enhancing the market efficiency of brands has been examined. Also analyzed are the risks associated with cybersecurity, inequalities in access to technology between large corporations and small businesses, and issues related to the protection of intellectual property in the digital environment. The necessity of developing digital competencies among employees, fostering partnerships between fashion companies and technology startups, and implementing flexible strategies for digital adaptation has been underscored. The conclusions substantiate that digitalization is a defining factor in the transformation of the fashion industry, contributing not only to its increased competitiveness but also to ensuring business resilience in the face of global challenges and changing consumer expectations. The strategic importance of innovative development for shaping the future of the global fashion market is emphasized.

Keywords: digitization, fashion industry, innovative technologies, artificial intelligence, e-commerce, global trends.

Fig.: 1. Bibl.: 14.

Galenko Oksana M. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of International Accounting and Auditing, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: halenko.oksana@kneu.edu.ua
Verbytska Olena O. – Postgraduate Student, Department of International Accounting and Auditing, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: kmoa@kneu.edu.ua

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