EURATEX discusses changing economic environment

13 Jun '13

4 min read

The company has concentrated its strategy in providing solutions for its customers and to be successful, a considerable amount of the turnover is invested every year in product development – around 4%. To succeed in future the company needs to have access to highly qualified human resources and requests from public authorities a competitive framework that allows industry to remain in the EU as a key driver of employment.

He also pointed out to the need to enhance Industry-Distribution relations also as a way to enhance social and environmental standards along the T&C supply chain. Finally Mr Martin Strzelecki from Henri Lloyd (United Kingdom) presented the views of a specialized (sailing) clothing brand/retailer that being a family owned SME has managed to adjust to a changing business environment by fully integrating IT technologies in their sales process.

In his views the future lies in product specialization but also in ensuring that the customer is able to buy the product he wants whenever he needs it. In this context access to finance and credit insurance are critical to ensure a sustainable development for this company as is the case for other SMEs.

The debate that followed was enriching, pointing out to some of the strategic priorities of the T&C Industry in the coming years: (a) improved access to world markets, (b) favourable competitive environment in the EU, (c) enhanced cooperation between Industry and Distribution.

EURATEX

More EURATEX News... More Textiles News - Belgium...