BRICS+ Fashion Summit Explores AI, Digital Trends in Consumer Behavior and Fashion Industry
Quick Look
At the BRICS+ Fashion Summit in Moscow, industry leaders discussed AI's impact on consumer behavior, digital platforms shaping purchasing decisions, virtual influencers in e-commerce, investment criteria for fashion businesses, and future production technologies including automation and big data.
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Why It Matters
The BRICS+ Fashion Summit is an event focusing on fashion industry trends, bringing together participants from BRICS nations and partner countries to discuss innovation, consumer behavior, and production technologies.
At the session ‘Smart Shopping: How Can Brands Navigate the Revolution in Consumer Behavior?’, held as part of the BRICS+ Fashion Summit, participants discussed the influence of artificial intelligence on the consumer journey, as well as how the functions of offline retail are changing.
Among those taking part in the session were Huu Nguyen Canh, head of the fashion division of the Vietnam Design Association, and Mohsen Gorji, head of the Fashion Department at Iran’s Ministry of Culture.
Huu Nguyen Canh noted that in conditions of a huge volume of content and recommendations, a brand’s task is no longer only to show a product, but also to help a person make a choice. For this reason, digital platforms are gradually moving from simply displaying ассортимент to creating ready-made consumption scenarios. According to him, a significant share of consumer behavior in Vietnam today is shaped by TikTok and other online platforms.
Mohsen Gorji named digital characters as another important tool of new consumer behavior, saying they allow brands to build more personalized communication and create sustained contact with audiences.
“By creating a closer connection with consumers, virtual influencers are becoming an important tool for e-commerce and online business,” Gorji said.
In addition, at the session ‘Investments in Creative Industries: Can Fashion Compete with Startups?’, participants discussed the criteria by which investors evaluate fashion businesses, the role played by brand and cultural capital in investment appeal, and what companies need in order to scale up and enter international markets.
Meanwhile, during the session ‘Production Technologies: What Will Change in the Next 5 Years’, the discussion focused on the impact of digitalization, artificial intelligence, automation, and the use of big data on production processes in the fashion industry.
The BRICS+ Fashion Summit opened on Monday, September 28, at the Zaryadye Concert Hall in Moscow and will run until September 30.
Open Questions
- How will virtual influencers impact traditional advertising models?
- What specific AI tools are being adopted by fashion brands in Vietnam and Iran?
- What investment thresholds are being used to evaluate fashion startups versus established brands?
