One Fashion Manufacturer’s Guide to Building Global Supply Chain Resilience
The CEO of Sri Lanka-based MAS Holdings, Suren Fernando, on how both brands and their suppliers can weather 2023′s challenges, while exploring different models like vertical integration, nearshoring or on-demand manufacturing.
MAS Holdings is South Asia’s largest apparel manufacturer, with facilities across 17 countries and expected revenue of $2.4 billion in 2022 counts Victoria’s Secret and Nike among its long-time clients.
The old singular focus of supply chain managers on cost optimisation no long works given the array of pressures on supply chains, says the Sri Lanka-based CEO.
MAS is among the manufacturers exploring different models like nearshoring as a form of risk mitigation, but one that comes with its own set of challenges
The seventh annual State of Fashion report by The Business of Fashion and McKinsey & Company reveals the industry is heading for a global slowdown in 2023 as macroeconomic tensions and slumping consumer confidence chip away at 2022′s gains. Download the full report to understand the 10 themes that will define the industry and the opportunities for growth in the year ahead.
As supply chains remain under pressure, garment manufacturers have an opportunity to lean into vertical integration, nearshoring and small-batch production, while seeking closer upstream and downstream collaboration, according to The State of Fashion 2023.
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