The apparel industry has seen many changes in the recent years. As a result, business dynamics have changed completely.
While we witnessed immense growth in the past decade, the advent of COVID-19 has got everything to a screeching halt.
The COVID-19 pandemic is bringing about new challenges in every possible realm:
The industry is in reboot mode and we need to reassess our business practices.
TECHNOLOGY, SPEED & AGILITY are the key to serve customers now.
Apparel has devolved from being a necessity to a non-essential category during this pandemic. Hence, a paradigm shift in the thinking process is the need of the hour.
In the forthcoming days, manufacturers mindset needs to change completely.
Brands have to don a new role.
They need to help the vendors/suppliers understand the emerging retail scenario. They have to work with them & up-skill their capabilities to emerge as success stories in the industry.
Inventory management has a new meaning now. From the manufacturing standpoint, it means servicing the orders just in time / short lead-time possible to the retail industry.
It is important to identify the key challenges the brands & their stakeholders will face. Once identified, innovative solutions in-focus areas are the need of the hour. Some of the upcoming challenges are:
What are the solutions to these problems?
But will it be easy to make this transition? How should different stakeholders contribute to ensure a smooth transition?
Given the rapidly evolving situation around the pandemic, we are forced to become more agile, adaptive, and shift from offline to online work mode.
Industry needs smart and sustainable solutions to stay afloat and continuously strive for new products, new opportunities etc..
3D design system offers a complete solution for the apparel supply chain, from development to production. It cuts away a lot of offline processes, right from the development till bulk delivery.
Today lead-time is very critical. Every retailer and manufacturer is searching for ways to reduce the entire cycle time; from conceptualisation production. How do we leverage the available technologies to meet the demand?
The current business environment demands a more collaborative, innovative, adaptive, and data-centric mindset.
New practices that emphasise empowerment, agility, digital coherence, up-skilling, re-skilling & experimentations have to become the focus of the industry.
Let’s talk about new practices in the coming weeks…
RELATED TOPICS:#Ramesh Ramalingam
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4 Comments
Nazmul HuqJun 21, 2020 at 18:21 pm
Very well said Ramesh sir. A true partnership can make the situation win-win for both parties. It is the necessity of time to build up post COVID world.
Satheeshkumar DharmalingamJun 05, 2020 at 07:49 am
Dear Ramesh Sir, Rightly said, industry should tighten their belt now, its time to get new opportunities and change the way of working. Keep sharing your thoughts in blog.
Kamal GuptaMay 30, 2020 at 21:31 pm
Hi Mr Ramesh! Very nicely addressed the post covid 19 scenario in a concise manner . Agility ,adaptability and techno friendly approach is required now more than ever . Would look forward to more blogs from you in coming days ! Regards/ Kamal Gupta
Maneesh sainiMay 30, 2020 at 12:46 pm
righteously said sir, its real time crisis for the apparel industry both on national and international platform and industry demands a more collaborative and flexible mindset to survive and ought to get proper support from its vendor base