AI OFFERS COMPREHENSIVE OPPORTUNITIES TO TEXTILE SECTOR – ACROSS SUPPLY CHAIN
June 6th, 2024
Interest is growing in how artificial intelligence (AI) can be used to further boost the booming global textiles market, which was valued at USD1.8 trillion in 2023, with revenues estimated to grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2030, according to India- and US-based market research and consulting company Grand View Research (1).
Of particular interest, according to Professor Seshadri Ramkumar, a textiles specialist at Texas Tech University, the USA, is AI that can save time and money through supply chain optimisation.
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