Home / Knowledge / News / Apparel/Garments / Most important difference between survivors & losers…- CEO, Clothesource
Most important difference between survivors & losers…- CEO, Clothesource
25
Nov '08
Mr Mike Flanagan, CEO, Clothsource
Mr Mike Flanagan, CEO, Clothsource
Clothesource was set up in 1992 with the specific purpose of finding Eastern European garment factories for western customers. Today, 16 years later it provides information on sourcing decisions on a global scale to its clients.

Founded by Liz Leffman, she worked as Marketing and Business Development Director for Courtaulds Textiles in Poland, helping Polish garment manufacturers find customers in Western Europe. Following that she set up Clothesource, working for UK clients in Romania, Poland, Belarus and Bulgaria, and setting up a team of quality control and factory management specialists in Romania.

Mike Flanagan, Chief Executive of the company started his career as a school boy in a Liverpool record store in the Beatle era, where he first learned the importance of tight supply-chain management in a fashion-oriented business. After an early career at the Leo Burnett and J Walter Thompson advertising agencies in the UK and Italy, he returned to retailing, with senior international buying, marketing and operations posts in the retail divisions of groups such as Associated British Foods, British Petroleum and US Shoe.

At Clothesource, he has developed the hard data buyers need to make good sourcing decisions and vendors need to understand their competitiveness. Clothesource now holds the world's largest collection of intelligence on price comparisons, supplier capabilities and national resources for nearly 100,000 factories in over 100 countries. A frequently-quoted industry commentator, Mike has lectured on the industry around the world.

In an exclusive interview Fibre2fashion spoke to Mr Mike Flanagan to understand more about the company he heads as well as about the current and future of the apparel industry in the current economic crisis affecting the global industry.

To a question to inform our readers about his company, he said, “Clothesource provides the world apparel trading community with hard data and informed advice about garment trading. We offer a number of publications which can help both buyers and sellers manage better and we provide training courses and consultancy for many of the UK's best known garment retailers. We also operate a quality control and project management business for Western buyers in Eastern Europe.”

To a question regarding benefits that may accrue to the apparel industry from the reports he said, “For buyers, our tools and advice benchmark buyers measures performance against their competitors, and let them quantify precisely the cost of every element of their sourcing strategy. For sellers, our tools and advice benchmark measures pricing and target audiences against all the world's other makers of similar clothing.”

To draw from his vast experience on the apparel industry we asked him for his opinion on the current crisis affecting the apparel industry to which he said, “However awful it feels for many businesses, more people around the world will buy more clothes this yearthan last. Probably, more clothes will be bought next year than this. The real crisis isn't that sales are falling: apparel retail sales declines are mild compared to most other retail businesses (try being in the car or travel industry). The real crisis lies in the huge proportion of manufacturers, brands and retailers that are financially vulnerable even in the best of times.


Must ReadView All

Sri Lanka’s apparel exports rise after EU GSP+ reinstatement

Apparel/Garments | On 18th Nov 2017

Sri Lanka’s apparel exports rise after EU GSP+ reinstatement

Sri Lanka’s apparel exports from January to September 2017 has...

Bangladesh plans 2 leather estates in Rajshahi, Chittagong

Apparel/Garments | On 18th Nov 2017

Bangladesh plans 2 leather estates in Rajshahi, Chittagong

Bangladesh Prime Minister Sheikh Hasina has said two more leather...

ASEAN, Hong Kong sign free trade agreement

Textiles | On 18th Nov 2017

ASEAN, Hong Kong sign free trade agreement

The Association of Southeast Asian Nations (ASEAN) and Hong Kong...

Interviews View All

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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

November 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


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