WORLD: Fashion retailers should rethink supply chains
Fashion retailers should re-think their supply chains in response to rapidly changing and often unpredictable consumer behaviour, new research suggests.
The study, produced by the LHarrington Group for DHL, found that volatility and complexity are now the norm, rather than the exception, in the fashion sector. The changes being driven by the internet, mobile communications and growing consumer spending power.
And it adds that fragmented sales channels, escalated service demands, shortened product lifecycles, ratcheted up cost and margin pressures have all created production challenges.
Additional uncertainty comes from changing demographics, rapid growth in emerging markets, and the rise of the global middle class.
The report said fashion retailers and manufacturers must create and manage supply chains that are fit for purpose.
This means being able to serve markets around the world with a supply chain that is resilient enough to withstand shocks, agile enough to respond quickly to sudden or unexpected change, flexible enough to customise products and efficient enough to protect margins.
Help test our new apparel sourcing tool.
- Hard hit Turkish industry is not knocked out
- "Power of the many" drives change at Otto Group
- China leads US apparel sources with falling prices
- Vietnam grows share of US apparel imports in 2016
- US apparel sector braces for potential cost hikes
- US Q4 in brief – Foot Locker, Nordstrom, Carter's
- Bangladesh crackdown has cost garment sector $100m
- Inditex and H&M boycott Dhaka Apparel Summit
- Macy's will "do the right thing", says Lundgren
- JC Penney to close 140 stores amid lower sales
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Outdoor performance apparel 2016: A broader perspective
- Technical textile markets: product developments and innovations, December 2016
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Global market review of lingerie – forecasts to 2022