Sourcing – Apparel Resources

IAF and ITC launch ‘Shared Risk/Reward’ model to transform fashion supply chains

Apparel Resources News-Desk — Sat, 19 Oct 2024 10:45:54 +0000

A new report on a “shared risk/reward” approach intended to improve supply chain flexibility, sustainability, and financial productivity in the fashion sector will be released by the International Apparel Federation (IAF) and the International Trade Centre (ITC). On 31st October, a webinar will be held to present the report, which is titled Under the Banyan […]

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Dysin Group expands supply chain footprint with new sales center and warehouse in Sirajganj

Apparel Resources News-Desk — Mon, 30 Sep 2024 12:31:51 +0000

Dysin Group has opened a new sales centre and warehouse in Shahjadpur, significantly expanding its supply chain network. With this facility, the company now runs 13 sales and distribution centres and 18 warehouses throughout Bangladesh, expanding its reach beyond the capital, Dhaka, to key industrial regions. Dysin Group’s extensive product line, including dyes, auxiliaries, finishing […]

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Developing a strong ‘Made in Bangladesh’ brand: Mohammad Pabel, President, BGBA

Apparel Resources — Tue, 24 Sep 2024 11:45:07 +0000

As the President of the Bangladesh Garment Buying House Association (BGBA) and the Managing Director of Dongyi Sourcing Limited, Mohammad Pabel is a leading figure in the country’s garment buying sector. Throughout his career, Pabel has demonstrated creativity, leadership and a dedication to quality, which has led him to substantially influence the manufacturing and sourcing […]

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Synergy of design and sourcing: Kleider Sourcing leading the way to diversification

Apparel Resources — Tue, 24 Sep 2024 06:39:47 +0000

Apparel buying houses play a substantial role in the fashion business, with the first-ever buying houses emerging in Bangladesh around the end of 1971. Though it was not popular at the time, the buying house trade grew in prominence between 1980 and 1990. There are now over 6,000 buying houses in Bangladesh, with more than […]

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Huge 5tcf gas deposit discovered in Bhola, with an estimated worth of Taka 6.5 lakh crore

Apparel Resources News-Desk — Tue, 17 Sep 2024 14:21:56 +0000

A joint investigation by the Russian energy giant Gazprom and the Bangladesh Petroleum Exploration and Production Company Limited (Bapex) has discovered a potential gas reserve of up to 5.109 trillion cubic feet (tcf) in the district of Bhola in southern Bangladesh. A 600 square kilometre 3D seismic survey carried out as part of the investigation […]

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The AO Debate: Local vs. Global Sourcing

Dheeraj Sharma — Thu, 12 Sep 2024 10:50:45 +0000

Every apparel brand needs a clear sourcing strategy. The choice between local and global sourcing involves factors like cost-effectiveness, supply chain evaluation, quality assurance and market demand analysis. Local sourcing offers immediate cost savings by reducing transportation expenses and tariffs and mitigating currency fluctuation risks. It also ensures shorter supply chains, leading to lower inventory […]

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US fashion companies expanding sourcing base

Apparel Resources News-Desk — Wed, 31 Jul 2024 16:55:47 +0000

According to a global survey, fashion companies in the United States are expanding their sourcing base beyond China, Vietnam, and Bangladesh to offset the increasing geopolitical risks. However, the corporations are not necessarily withdrawing from Asia. According to the report titled 2024 Fashion Industry Benchmarking Study, although Asia continues to be the primary region for […]

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Blue Ruan Sourcing: Growing with a discerning clientele

Dheeraj Tagra — Fri, 26 Jul 2024 05:39:04 +0000

Established in 2021, Blue Ruan Sourcing is committed to offering a diverse range of products characterised by premium and artisan apparel. The company focuses on emerging apparel markets, including the UK, Europe, USA and India. By leveraging its significant presence in global manufacturing and sourcing hubs, Blue Ruan Sourcing can provide high-quality, fashion-forward garments that […]

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LVMH to increase supplier audits and controls, Says CFO

Apparel Resources News-Desk — Wed, 24 Jul 2024 06:42:27 +0000

LVMH intends to expedite its supply chain strategy and enhance audits and controls, Chief Financial Officer Jean-Jacques Guiony recently announced, following investigations into an Italian subsidiary of the French luxury giant. Italian prosecutors initiated an investigation into suppliers for LVMH’s second-largest fashion label, Dior, according to reports, after allegations of sweatshop-like conditions at subcontractors for […]

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Fabrito secures funding to enhance its B2B fabric sourcing platform

Apparel Resources News-Desk — Mon, 08 Jul 2024 09:49:58 +0000

Fabrito, a B2B fabric marketplace, has secured significant funding to enhance its fabric-sourcing platform. The funding has been led by Green Trunk Ventures, represented by Bikky Khosla and Sandro Stephen. Notable angel investors include Maninder Gulati (Global Chief Strategy Officer, OYO), Krishna Kalyan T D (COO, Laurus Bio), and Puja Jain (ex-McKinsey Partner). With this […]

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Buying Houses’ focus on product development to increase business and enhance value

Apparel Resources — Sat, 06 Jul 2024 05:38:30 +0000

As the competition in the industry intensifies, there is an increased focus on effective monitoring and management of product development in the RMG sector. Building a product development team requires substantial investment. However, it provides a new user experience, addresses needs, offers solutions to problems, broadens a company’s customer base and market share. Serving as […]

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IFC partners with Li & Fung, LFX to support SME growth and digitalisation in Asia’s supply chains

Apparel Resources News-Desk — Fri, 21 Jun 2024 06:51:19 +0000

With the aim of facilitating greater digitalization in supply-chain management and providing smaller businesses in Asia with more affordable supply-chain financing, IFC has launched a cooperation with Li & Fung, a top global supplier of supply-chain services to the garment and general merchandise industries. The supply-chain fintech business Air8, owned by Li & Fung and […]

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Expanding Baazar Retail (Baazar Kolkata &; Fashion City) plans to source more from Bangladesh

Dheeraj Tagra — Thu, 13 Jun 2024 10:30:34 +0000

Kolkata is home to many growing brands and retailers particularly those having niche focus on fashion apparel and catering to certain specific audiences. Brands like Dollar, Rupa, Amul and Lux are dedicated to categories like knitted undergarments and activewear, Vedant Fashions is focused on ethnicwear while a few are known for their expertise in value […]

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Leading brands and retailers will increase sourcing from Bangladesh

Dheeraj Tagra — Wed, 12 Jun 2024 10:06:00 +0000

Walmart, H&M, VF Corp., Primark, Otto Group, Carrefour, C&A, Li & Fung and Kmart – all these are top brands and retailers which have their strong sourcing base in Bangladesh and in recent months, top teams of these companies not only visited the country, but also met the senior Government officials and BGMEA leadership team. […]

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Levi Strauss & Co engages o9 Solutions to boost fabric supply efficiencies

Apparel Resources News-Desk — Tue, 11 Jun 2024 08:09:58 +0000

In order to expedite its fabric procurement procedures, Levi Strauss & Co. has disclosed that it is collaborating with o9 Solutions, an AI-powered supply chain planning tool. The global supply chain planning team of Levi Strauss & Co. (LS&Co) collaborated with vendor o9 Solutions to design a new enterprise planning system for fabric procurement. Additionally, […]

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Supply chain risk mitigation strategies

Dheeraj Sharma — Mon, 27 May 2024 10:06:46 +0000

Experts decode methods to master inventory management, generative AI, unified commerce and sustainable practices. By 2024, India’s apparel market is forecasted to skyrocket to an impressive US $ 105.50 billion, as per Statista. But here’s the kicker: Indian retailers are grappling with unsold inventory as they have started to write off unsold inventory due to […]

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‘Russia’s sourcing can grow multi-fold but duty issue needs to be resolved’ – Moyeen Ahmed, GM Bangladesh and India, Gloria Jeans

Dheeraj Tagra — Tue, 14 May 2024 05:56:23 +0000

With 700 stores in more than 300 cities, Gloria Jeans (GJ) is Russia’s largest vertically integrated fashion retailer offering apparel and accessories for adults and kids. It has design and production centres in the Asia-Pacific region and 25 per cent of its assortment is produced in its Russian factories. Bangladesh also contributes significantly to its […]

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Kappahl thrusts on future-proof delivery and logistics operations, investing in a new distribution centre

Apparel Resources News-Desk — Thu, 11 Apr 2024 10:12:28 +0000

With around 360 Kappahl and Newbie stores, Sweden-based Kappahl Group is focusing on future-proofing its delivery and logistics operations. The retailer is investing in a new distribution centre in the industrial area of Arendal on the outskirts of Gothenburg. The company informed that the new state-of-the-art facility is expected to be operational in the second […]

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India offers a ‘stress-free’ supply base: Nohar Nath, Executive Director, Kishco Group

Dheeraj Sharma — Thu, 04 Apr 2024 06:20:58 +0000

There’s a positive shift in how global brands perceive India, according to Nohar Nath, Executive Director at Kishco Group, a four-generation old business house with an extensive network of suppliers and buyers worldwide, dealing in diverse textile products. There has been an increasing buzz about India because of its economic growth, political stability and its […]

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US gains firsthand insights on domestic textile, apparel supply chain resilience

Apparel Resources News-Desk — Tue, 26 Mar 2024 12:30:17 +0000

As part of her broader objective to gather industry and public feedback to assist develop future supply chain resilience policies for the domestic textile and apparel sectors, United States Trade Representative (USTR) envoy Katherine Tai paid a visit to Glen Raven, a textile producer. Tai visited the Glen Raven yarn-spinning factory and the Sunbrella brand […]

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