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'New tech to affect textile technology landscape'
25 Aug '18
2 min read
Courtesy: Infor
The textile technology landscape will be affected by new technologies such as IoT, AI, Bitcoin, Blockchains and more as they become immersed in the overall supply chain practices. As the amount of data that can be captured and processed increases, they further emphasise the importance of a digital supply chain, said the founder of GT Nexus, an Infor company.
“If companies are still emailing purchase orders and using spreadsheets to run their operations, they will not be in position to take advantage of these new technologies as they evolve. The supply chain has become a strategic advantage and those that don't stay in front of technological innovation will find themselves being disrupted before many of these technologies become reality,” said Kurt Cavano, founder & president, GT Nexus, while speaking to Fibre2Fashion.
GT Nexus is a cloud-based global supply chain management platform. It provides the industry-wide collaboration platform to automate trade and logistics operations across their global partner networks.
Cavano added that connecting with trading partners on a common network sheds light on to what is actually happening in the supply chain and enables visibility, collaboration, and transaction automation between trading partners. He also stated that textile and garment manufacturers must continue to evolve, or they will lose out to more IT-fortified competitors.
As for the challenges faced by today’s manufacturing supply chains, he said, “There's a lot of pressure on supply chains to perform at a high level. Technology is evolving so quickly in the supply chain, which puts pressure on manufacturers to evolve rapidly. As new innovations hit the market, there's always pressure deciding what is real, what is hype and what is going to make a difference. One thing is clear, the future is a digital.” (KD)
Click here to read the complete interview.
“If companies are still emailing purchase orders and using spreadsheets to run their operations, they will not be in position to take advantage of these new technologies as they evolve. The supply chain has become a strategic advantage and those that don't stay in front of technological innovation will find themselves being disrupted before many of these technologies become reality,” said Kurt Cavano, founder & president, GT Nexus, while speaking to Fibre2Fashion.
GT Nexus is a cloud-based global supply chain management platform. It provides the industry-wide collaboration platform to automate trade and logistics operations across their global partner networks.
Cavano added that connecting with trading partners on a common network sheds light on to what is actually happening in the supply chain and enables visibility, collaboration, and transaction automation between trading partners. He also stated that textile and garment manufacturers must continue to evolve, or they will lose out to more IT-fortified competitors.
As for the challenges faced by today’s manufacturing supply chains, he said, “There's a lot of pressure on supply chains to perform at a high level. Technology is evolving so quickly in the supply chain, which puts pressure on manufacturers to evolve rapidly. As new innovations hit the market, there's always pressure deciding what is real, what is hype and what is going to make a difference. One thing is clear, the future is a digital.” (KD)
Click here to read the complete interview.
Fibre2Fashion News Desk – India
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