Forecasting Practices in Textile and Apparel Export Industry

Abstract

Sustainability in textile and apparel is an ideal that requires organizational effort starting from eco-design, encompassing manufacturing, distribution, and consumption. However, in the circular economy, the idea further goes to reuse the raw material. Sustainability is still an evolving subject in apparel and textile, which needs to investigate from many angles. Excess inventory at the supplier's end also impacts sustainability and needs due attention from researchers and practitioners to ponder. Applying the correct forecast technique and minimum errors results in better financial performance and reduced environmental pollution, impacting the triple bottom line in the true sense. The current study uses a systematic review on textile and apparel forecasting, highlighting the earlier research, thus contributing to the literature on sustainability and supply chain management.