Blog: Quote/unquote: IMB 2009
Leonie Barrie | 23 April 2009
A look at the impact of the current economic downturn on technology investment in the apparel industry, along with an overview of some of the new product launches at the IMB exhibition in Cologne, will appear on just-style next week. Until then, here are some of the most memorable quotes from the first two days at the show.
“There is so much pain in the industry at the moment” – Andrew Brown, managing director, Fast React Systems.
“I believe the economic downturn will shape the fashion market more than the end of quotas” – Daniel Harari, CEO, Lectra.
“Companies need to position themselves to get through the economic slowdown. In race-car driving, when there’s a crash everyone has to slow down, but the smart ones are manoeuvring: they’re refuelling and getting new tyres to help them overtake and get a head start” – Ed Gribbin, president, AlvaInsight.
“Companies that previously said they were too busy are now taking a breath and are investing and preparing for when the uptick comes” – Andrew Dalziel, Lawson marketing director for fashion.
“Companies will have to revisit everything they do. When there’s a shakeout there are winners and losers. Who will win? We don’t know, but it will be very different. It’s a complete re-shape” – Daniel Harari, CEO, Lectra.
“There has been a natural culling of excess in the market; a natural survival of the fittest purge. The strong will get stronger and consolidation is already happening. The apparel industry will come out of this in better shape” – Ed Gribbin, president, AlvaInsight.
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