Blog: Leonie BarrieQuote/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.


HOT ISSUE

IMB 2009

Despite taking place against a gloomy economic backdrop, the IMB – World of Textile Processing trade show in Cologne last week certainly didn’t disappoint when it came to new products and innovations....

BLOG

Why digital supply chains are top of mind

Confirmation that digital supply chains are top of mind for apparel industry executives came last week with the latest plans from global sourcing specialist Li & Fung....

BLOG

Navigating global political frictions and economic uncertainty

As a barometer of the issues top of mind for apparel sourcing executives, it is hard to beat the annual Prime Source Forum in Hong Kong. ...

BLOG

Trump and Brexit generate more confusion

Over the past month, Donald Trump and his team failed to offer any clear plan to ensure Americans would "Buy American, Hire American" - while the British government's attempts to clarify the specifics...

just-style homepage



Forgot your password?