Archive by tag: sourcingReturn
Investments into Vietnam Starts to Slow Down

Investments into Vietnam Starts to Slow Down

After a record US$21.93 billion in foreign direct investment (FDI) during the first seven months of 2017, a 52 percent year-on-year surge and the highest growth rate since 2011, investment has started to taper off..  Noteworthy, is that of all the FDI pouring into the nation only US$0.75 billion went to the textile and garment industry, despite Vietnam attracting an increasing volume of apparel orders. Manufacturing and processing industries continued to be the top sector, receiving US$10.8...
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Liverpool Dept Store:  Leaner & Faster

Liverpool Dept Store: Leaner & Faster

How a new sourcing strategy helped Liverpool Department Stores outperform the market. “We met our retail targets for 2017, thanks to the very responsible handling of inventory,” said Stephen C. Patton, Liverpool Asian Sourcing CM. “The focus was on keeping inventories turning and having a leaner business with better end margins.  Our business is very price driven, and the consumer has become very dependent upon promotions, so we need to be sure that our initial p...
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Being the Cheapest is Becoming Too Expensive for Bangladesh

Being the Cheapest is Becoming Too Expensive for Bangladesh

The race to the bottom is putting the nation’s manufacturers in an increasingly uncompetitive position. Facing continued downward price pressure from international buyers as well as rapid rises in production costs has put Bangladeshi garment suppliers between a rock and a hard place.The nation’s core advantage of being the lowest cost producer has enabled it to beat competitors for the big volume orders.  Unfortunately, volume tends to go hand-in-hand with price sensitivity...
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China Sees an Up Tick in Textile Exports – and Profits

The sun is once again shining on China’s textile sector. The industry that the nation was allegedly planning to abandon in favor of higher tech alternatives has proven that it not only provides jobs to millions of workers, it can also be financially profitable.China’s textile sector has clearly started to rebound this year. As a whole, industry profits rose 11.6 percent during to the first 6 month of 2017, according to report from the China National Textile and Apparel Council (CNTAC...
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Cutting Costs vs. Boosting Margins

“The future is all about consumers deciding what is fashion and what they want the product to look like. Instead of a push to inventory, it’s really a pull from the consumers, ” said Jose R. Suarez, CEO at Impactiva, a supply chain optimization solution provider.Instead of chasing cheap labor and trying turn over more products, brands and retailers have to start maximizing their net margins.“The key factor that impacts net margin is the average sale price after discounts....
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Global Sources:  Upgrading is Becoming the Answer

Global Sources: Upgrading is Becoming the Answer

As the industry steadily shifts away from big volume orders, suppliers are increasingly facing the reality of the situation and are trying to find ways to be more flexible.At the recent Global Source Fashion exhibition (Hong Kong, April 27-30), about a third of the exhibitors displayed signage saying “Accept Small Orders”, hoping to attract those small to medium sized buyers who previously they would have shunned.Recognizing that for most companies selling online means selling on Ama...
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