The global apparel industry experienced a 16% drop in new job postings related to future of work in Q1 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 60% decrease versus Q1 2022. GlobalData’s Future of Work in Retail and Apparel – Thematic Intelligence report details the relevant trends, competitive landscape and market size and growth forecasts with information on related mergers and acquisitions related to future of work theme in the retail and apparel market. Buy the report here.
Notably, Computer and Mathematical Occupations jobs accounted for a 15% share of the global apparel industry’s future of work-related total new job postings in Q1 2023, down 26% over the prior quarter.
Computer and Mathematical Occupations drive future of work-related hiring activity
Computer and Mathematical Occupations, with a share of 15%, emerged as the top future of work-related job roles within the apparel industry in Q1 2023, with new job postings drop by 26% quarter-on-quarter. Management Occupations came in second with a share of 13% in Q1 2023, with new job postings dropping by 31% over the previous quarter.
The other prominent future of work roles include Installation, Maintenance, and Repair Occupations with an 11% share in Q1 2023, Architecture and Engineering Occupations with a 6% share of new job postings.
Top five companies in apparel industry accounted for 48% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q1 2023 were Amazon, Walmart, Walt Disney, Macy's, and J Sainsbury. Together they accounted for a combined share of 48% of all future of work-related new jobs in the apparel industry.
Amazon posted 1,648 future of work-related new jobs in Q1 2023, Walmart 1,122 jobs, Walt Disney 393 jobs, Macy's 353 jobs, and J Sainsbury 330 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 63.68% share of total new job postings, Q1 2023
The largest share of future of work-related new job postings in the apparel industry in Q1 2023 was in the US with 63.68% followed by the UK (9.64%) and India (5.87%). The share represented by the US was six percentage points lower than the 69.57% share it accounted for in Q4 2022.
For further understanding of GlobalData's Future of Work in Retail and Apparel - Thematic Intelligence buy the report here.