Discussions at the Roundtable pivoted around the need for innovations to survive and stay profitable in the highly competitive textile industry. Garment, textile manufacturing and retail companies must adapt to changing customer tastes and preferences and respond quickly by making informed decisions.
The group also discussed the adoption of cloud for flexible, subscription-based delivery model, which can help lower IT expenditures while continuing to provide visibility across the global value chain with system-wide transparency for key stakeholders.
“Retailers today face several complexities in the marketplace – technological advances, the need for strong brand distinction, growing competition, price pressure, changing legislation, and lingering economic uncertainties—in addition to more savvy consumers. To thrive in such an environment, retailers need to build relationships with their customers by offering innovative services - by leveraging machine learning, cloud, comprehensive supply chain insights, and a beautiful user interface that is intuitive, so that they can stay nimble enough for perpetual evolution,” said Ashish Dass, vice president and managing director, South Asian Subcontinent, Infor.
The event was attended by representatives from the CII, TEA, an association of producers and exporters of cotton knitwear and readymade garments and one of the prominent industry bodies in the textile manufacturing belt of Tamil Nadu, as well as top officials from textile companies around Coimbatore and Tirupur.
“The textile and garment industry is highly competitive and is rapidly evolving in a dynamic landscape with changing government policies. We are happy to have leveraged Infor’s M3 solution which is industry-specific and has helped us consolidate processes, optimise cost and adapt to changing business conditions like GST. Implementation of technology is always a cause of concern for any enterprise, but Infor provided ‘One Solution, One Experience’ to all apparel and textile customers in real time,” said Krishan Lal, Sr VP and head - corporate IT, LNJ Bhilwara Group. (KD)
Fibre2Fashion News Desk – India
Textiles | On 22nd Aug 2018
The Association of Sarva Seva Farms (ASSEFA) in India is currently...
Textiles | On 22nd Aug 2018
Egypt’s agriculture ministry is collaborating with the industry there ...
Indian retail players
Walmart's acquisition of Flipkart endorses the humongous opportunities in...
Textile industry, India
The event should be organised every year
‘In future, clothing boundary lines will become increasingly blurred.’
Textile Events is one of the largest textile fair in the United Kingdom,...
Conceived in Europe and curated in New Delhi, NeceSera is a...
Activewear brand Soul Space promotes organic cotton farming and...
Directa Plus SpA
Directa Plus is one of the largest producers and suppliers worldwide of...
Mr Hartmann Huth
Trevira GmbH is an innovative European manufacturer of high-value branded...
It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...
Aditi Somani specialises in luxury fusion wear with international cuts and ...
Whistling Woods International School of Fashion
<div>A lack of upgraded courses in costume designing and fashion as per...
Label Ritu Kumar
‘Classics will return’ "There are a lot of people wearing western clothes ...