Every manufacturing destination is defined for its specialised product manufacturing expertise. It is therefore important for the retailers and brands to understand the strengths of each country. Keeping this in view, expert speakers from Bangladesh, Vietnam and China will unfold the strengths of each country as an apparel sourcing destination.
Fashion is perishable and the quicker it reaches the point of sales, the quicker it gets sold at the marked price. It is the function of logistic suppliers, logistic professionals, banking officials handling EXIM transactions and customs officials who all will clearly define the procedures and address the pain-point.
Indian retail market is expected to reach US $ 115 billion by the year 2025 from US $ 49 billion today. The session will have experts of Indian retail talk about growing competition among the retailers/brands, identifying and addressing one's customers, giving value through product differentiation and how Indian brands are geared to compete with global brands which are already established brands.
With the retail scenario now becoming omni-channel, it is very important for garment manufacturers to gear up their systems and manufacturing capabilities to supply both bricks-and-mortar and online stores. A presentation on what these platforms expect and how do they source would be enriching for the participants.
The shortfall in buying during the regular cycle by retailers could be for many reasons – fresh trends, hot sell out of stock, product not doing well leading to lost sales and so requiring quick replacement. The seminar will have panellists discussing the growing 'opportunity buying' model in organised retail.
A panel discussion on the products, quantities, sourcing strategies and delivery expectations of both the Indian and International brands sourcing for Indian stores; Filling the gap between what retailers/brands expect and what manufacturers can deliver; Also highlighting the preparedness of retailers to source internationally.