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Fung Global: Malls Don’t Seem to be Dead at All

When it’s deliver-or-die, supply chains become the lifeblood of a company. To that end, the fashion industry has embraced technology to navigate today’s hyper-complicated supply chain, with myriad solutions shaping the first, middle and last mile. Call it Sourcing 2.0.

Turns out, malls aren’t dead after all. Some are just in critical condition.

In a recent report, Fung Global Retail & Technology said traffic may be down, but malls are still a fixture in retail.

“The mall is not dead. It is, however, evolving at a pivotal time in the context of a changing retail landscape and shifting consumer demand,” the report noted. “The new mall is an exciting, hybrid format encompassing retail, entertainment, food, outlets, housing, education and even medical facilities, in some cases.”

Read more at Sourcing Journal.