Issue
16:
4th Quarter 2011
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Talking strategy: Sven Kromer of Kurt Salmon discusses the challenges facing the apparel industry and the key trends driving decision making |
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published in Issue 16, 4th Quarter 2011
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The global landscape for the textile and apparel industry has changed significantly in recent years. Production costs have risen in several major sourcing markets due to sharp increases in the cost of labour, energy and raw materials, while uncertainty in the global economy and growth in demand for fast fashion have led retailers to maintain lower stocks. As a result of these developments, companies are seeking to diversify their sourcing partners, by sourcing from markets closer to home and from countries where labour costs are significantly lower. In this report, Sven Kromer of Kurt Salmon -- a leading full service advisory firm -- discusses the current problems and challenges which the apparel industry faces and provides valuable insight into ways of mitigating these challenges. Furthermore, he offers his opinion on likely trends in the industry over the coming years as well as the best type of sourcing strategy for apparel retailers in the future.
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practical and strategic advice from industry experts