A socially oriented non-financial development institution and a major organizer of international conventions, congress, exhibitions, business, social and sporting, public, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 160 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 75 countries worldwide.

The Roscongress Foundation has Telegram channels in Russian (t.me/Roscongress), English (t.me/RoscongressDirect), and Spanish (t.me/RoscongressEsp). Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

RC personal account
Восстановление пароля
Введите адрес электронной почты или телефон, указанные при регистрации. Вам будет отправлена инструкция по восстановлению пароля.
Некорректный формат электронной почты или телефона

The State of Fashion 2018

In our days after a tough 2016, a recovery in the fashion industry is on the horizon. McKinsey Global Fashion Index forecasts industry sales growth to nearly triple between 2016 and 2018, from 1.5 percent to between 3.5 and 4.5 percent. In fact, 2017 signals the end of an era, more than half of apparel and footwear sales will originate outside of Europe and North America. The main sources of growth are emerging market countries across Asia-Pacific, Latin America regions.

The Report also points out the difference between prices for goods segments. The industry continues to polarize: consumers are trading away from the midmarket price points even while the luxury and discount segments are picking up speed. Handbags and to some extent watches and jewelry, are returning slowly to their historic highs, driven by demand in emerging markets. Athletic wear is the only category where record growth rates look to slow down slightly.

Nonetheless, this is still expected to be the fastest-growing category, with continued strong demand in many markets. However, a number of remarks by McKinsey & Company make it clear that even industry leaders still have obvious problems with the definition of real challenges related to digital trends and adequate responses to them. The situation is exacerbated by the low «digital efficiency» of major brands. Digital-first companies such as Alibaba, Amazon continue to force fashion companies to improve their digital communication channels.

Although more than 75 percent of fashion retailers plan to invest in the AI in 2018 — 2019, consumers may be ahead of the market with their demands.

Many consumers today expect perfect functionality, short delivery time and immediate support. They are becoming more selective and less loyal to a certain brand. Industry players are moving toward unpredictability and are forced to focus their efforts on what is already under their control. And all opportunities to win the trust of numerous consumers around the world are opened only to those who are already mastering the technologies of the future, developing a modern fashion system, all opportunities to win the trust of numerous consumers around the world are opened.

The report is based on the surveys of more than two hundred company leaders and influential, future-oriented experts in the fashion industry and will be useful both for board members and founders of fashion start-ups, as well as for those who are just buying clothes and shoes.

Analytics on the topic