The textile industry faces significant challenges due to high price volatility and unpredictable demand. One of the primary culprits behind these issues is biased and inaccurate forecasting. In this presentation, Dr Bjol Frenkenberger, CEO and co-founder at MIR Insight, and Jochen Haueissen, Business Development and Sales in Europe, explore how advanced AI-driven real-world modelling can revolutionise forecasting for the textile supply chain, addressing these critical challenges head-on. A key highlight of the presentation will be an in-depth case study involving a leading yarn, fabrics, and garment producer, demonstrating how MIR Insight’s AI forecasting solution enabled this company to better anticipate market trends, optimize its supply chain and achieve substantial cost savings while reducing waste.