Talking about the challenges that the evolution of supply chain management faces in India, Ranjan commented that the textile industry is still coming to terms with the increasing demand. Issues of lack of education in terms of the supply chain needs and the problems of stocking and working capital was cited as being some of the challenges that the industry is battling with at present. Concluding the session, Joshi said that the need is for supply chain to respond to the differentiated demands of various facets of the textile industry by creating custom fit solutions for specific needs.
Later in the day at the session on innovation in Denim and Jeans Value Chain, the panel consisting of Rajiv Dayal, MD, Mafatlal Denims, Rajesh Narkar, Malwa Group, Prabir Bandyopadhyay, LNJ Denims, and Sandeep Verma, Killer Jeans brainstormed on various issues faced by the Denim market in the country. Panelists opined that the Denim market is very nascent in India and has a very long way to go and innovation will play a key role in the same.
Bandyopadhyay spoke about the various innovations in Denim including the use of various fabrics such as Wool, Silk, Polyester, amongst others. He believed that Denims can replace the traditional dhotis one day given the fact that it's highly affordable. The panelists were unanimous in their opinion that the manufacturers need to identify consumer needs and accordingly streamline the product development.
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