For product companies at any stage of growth
Supply Chain Transparency
Team of Professionals
The Sourcing Landscape
The outsource manufacturing sector the world over is in a state of flux. This is primarily being driven through technology and is enabling the consumer to engage with retailers and brands (at one end of the supply chain) in new and innovative ways.
Flexibility is paramount
Whereas previously, larger seasonal orders were commonplace for sourcing agents and manufacturers, companies are increasingly looking to move to more agile and flexible buying patterns to reduce their working capital requirements. Rather than solely forecasting based on trend analysis, which on occasion can lead to some styles turning into obsolete stock that need to be discounted, companies can react to their consumer. Styles that sell through can be re-ordered and because of the lower volumes, the lead times should be shorter.
Similarly, transparency and an understanding of a product’s origin is important to today’s consumer. They want to know that the products are being made in an ethical way and any aspects around sustainability that are part of a product’s DNA. We look to promote this as we see the human side to manufacturing and it is important that the consumer understands what is involved in making their product.
The importance of being on the ground
There are also regulatory and political challenges that arise from time to time, whether in the form of tariffs, or domestic regulations (such as the recent environmental protection initiative carried out in China). These can impact getting a product to market on time and at the price required, which likely has a detrimental impact on margins and profitability.
It means having the ability to be agile and being able to react to market conditions. It means having a deep understanding of the different markets in Asia and how to develop beneficial partnerships with your suppliers. Ultimately, it means being on the ground.
As technology continues to accelerate the evolution of retail, we are constantly looking for opportunities to align with the changes required at a manufacturing level. We are more than a product sourcing agent, and are developing a capability to work across the product life cycle. This will enable us to better serve our clients.
We have therefore established our ET2C Eco-System to enhance our current solutions with additional innovative services through collaboration with companies that are focused on specific elements of the Supply chain and product development.
These include, but are not limited to:
● Sustainability & Environmental Footprint
● Product Design
● Radical Supply Chain Transparency and Associated Platforms
● 3D Printing
● Distribution and New Market Penetration
● Data Analytics and Predictive Forecasting