Going forward, who will be the supplier?

The answer is no one. In the VVF the customer and supplier merge into a single entity. All the members remain independent from each other. Neither side gives up profit and both benefit from the increased savings.

About the Author:

David Birnbaum is the author of The Birnbaum Report, a monthly newsletter for garment industry professionals. Each issue analyses in-depth US garment imports of four major products from 21 countries, as well as ancillary data such as currency fluctuations, China quota premiums and clearance rates.

 

Click here to read The New Garment Supplier: Where-Who-What: Part I

 

This article is reprinted with due permission from Fashiondex.com

Refer the newsletter of: The Birnbaum Report/Strategic Sourcing for Garment Importers