This report appeared in Euromonitor International in August 2021. The analysis focuses on the importance of consumer systems, rather than product silos, to reap new incremental profit opportunities with new business models. Key elements to creating new business models include holistic thinking, improving user experience, and creating partnerships. Business case studies are presented regarding pay-per-wash and Internet of clothing (IoC) initiatives.
Keywords: Block Chain, Control & Monitoring Equipment/Sensors, consumer systems, smart disruption, pay-per-use, smart systems