Home / Knowledge / News / Apparel/Garments / Apparel market demands greater value addition
Apparel market demands greater value addition
22
Jul '08
With global market becoming more competitive, retailers have been demanding greater value from apparel manufacturers and for this the industry needs to produce more innovative goods to fulfil the aspirations of retailers and for its own survival.

Inflation and other economic failures have resulted in weakened purchasing power of the developed countries. Profit margins of the apparel industry have been shrinking continuously creating an atmosphere where only a handful and the fittest can survive.

It has been found that sourcing materials from around the world takes up more than 50 percent of the lead time of the apparel industry. Most of these materials need to be authorized by the customers before its get into the production process and as such, assembling and sales become the most important steps in the garment value chain.

Leading players in the apparel industry have opined that companies need to have a well defined strategy and a set of business objectives that are well communicated throughout the chain.

Focus on performance measurement has increased tremendously following the ongoing decentralization of organizations, implementation of self-directed work teams business processes and new measurement opportunities enabled by advanced IT and necessity to continuously improve efficiency.

Moreover, economies of scale, avoiding cascading effects in supply chains, reducing non-value-adding activities and increased volatility in the marketplace are some of the main considerations for restructuring distribution network.

Reducing variation and increasing stability in the operations, integrating business processes and supporting systems, increasing the degree of automation when performing business processes, utilizing distributors' consolidating role and analyzing transactions can also be adopted as general approaches for reducing transaction costs.

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

Benetton seeks approval for FDI in single-brand retail

Global fashion brand Benetton Group, has sought Indian government's...

Apparel/Garments | On 26th May 2017

Walmart to conduct GST workshops for SME suppliers

With the objective of supporting its small and medium-sized (SME)...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search