2024 Fashion Tech Year in Review: Gen AI & design, Bankruptcies, Hyper-Personalised Shopping & more with Yoobin Jung

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 Send us a text Support the show -------- 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 podcast@beyondform.io. If you’re an entrepreneur or fashion tech startup looking for studio support, check out our website: beyondform.io