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Apparel sourcing strategies must be built around risk

Apparel and textile firms must build their sourcing strategies around risk and should consider the potential of GenAI to boost efficiencies. ....

Anam Rahman , Just Style ,

150 of 500 top apparel retailers may not survive COVID crisis: Kavida


Fibre2Fashion
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About 150 out of the top 500 apparel retailers are at risk of not surviving the COVID crisis, according to Anam Rahman, CEO of UK-based technology firm Kavida.ai. He added that in this new upstream environment where disruptions are the new normal, price leaders must find ways to ensure resiliency at a cost which does not impact their top line strategy.
Kavida.ai offers digital twin, which is a vertical representation of any physical asset or process. “With our digital twin, companies detect risks 30 days beforehand to allow enough time to book capacity and coordinate with brands in the event of delivery delay risks. The conversation with suppliers is moving from we did not see that disruption coming to we have identified X risk, we have option A, B or C to mitigate ,” Rahman told Fibre2Fashion in an interview. ....

Anam Rahman , United Kingdom Based , News Desk , ஒன்றுபட்டது கிஂக்டம் அடிப்படையிலானது , செய்தி மேசை ,