Navigating the rapidly evolving sourcing landscape
2023 is here and three years post-Covid; global apparel supply chains are still in limbo. While the initial fallout was a result of dampened consumer demand leading to order cancellations at the supplier end, headlines in the subsequent years have been dominated by higher raw material costs, increased fuel and shipping costs, rising inflation and a cost-of-living crisis that is having a detrimental effect on consumer spending.
Following on from Just Style’s Outlook 2023: Challenges and Opportunities feature, we now consider the steps brands need to take to ensure survival including sourcing diversification, creating a more agile supply chain and shifting to a more sustainable operation.
Bureau Veritas’ Rick Horwitch, Vice President, Global Retail Lead & Supply Chain Strategy, is featured in these briefings, along with other industry experts from Accenture, AAFA, and the Gherzi Textile Organization.
Just-style.com is the online news, insight and research portal for the apparel and textile industry. www.just-style.com.