Creating transparency in the apparel & textile industry
Nowadays we are facing a global sourcing market with more than, 100.000 suppliers, 350.000 producers, 5.000 agencies, 60.000 brands and 200.000 sourcing companies (private and white labels, and retailers). How do companies find the right business partner in this highly-fragmented sourcing jungle? Is it possible to overcome the complexity of local, temporal, linguistically and cultural differences? Can platforms like Linkedin and Parship be an example of a digital solution for the various requirements of the apparel business? And if yes, what is missing to enable all market players to substantially speed-up their cycle time, be on-trend and to make apparel sourcing less costly and risky?
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