LONDON--(BUSINESS WIRE)--One of the largest supply chains in the world is the textile and apparel supply chain, which represents over a 30% share of the world’s total industrial sectors. In such a large, fast-paced, and innovative industry, BizVibe knew that textile and apparel companies are continually seeking better solutions and more sustainable models for their supply chain management.
Research professionals at BizVibe spent years analyzing supply chains across many industries, figuring out how businesses connect and enable trade. Using this data, they built a platform which helps companies network with businesses from around the world and trade seamlessly. BizVibe has a strong focus on the textile and apparel supply chain due to its size and competitiveness and is dedicated to helping buyers, suppliers, and manufacturers stay equipped with the latest cutting edge technology to help them find trade partners.
Top 3 trends in the global textile supply chain for 2017
1) Extensive Integration and Collaborations
Global textile sourcing, manufacturing and trading processes face many uncertainties and challenges, mainly caused by economic and political factors. BizVibe expects there to be increased integration and collaboration in different parts of supply the chain in order to find better solutions, achieving more effective, faster results. In order for these partnerships to be formed, companies need to increase their visibility, ensuring they can be easily found by others.
2) Increased emphasis on technical and smart textiles
Innovation in the textile and apparel industry does not just apply to the production process but it’s also helping develop new textile materials, each with a different functionality. Technical and smart textiles are seeing an increased demand from sectors like aerospace, athletics, health care, and construction as their functions possess the best requirements for strength and durability, versatility, customization, eco-friendliness, and more. This demand has led to textile companies transforming their production lines from manufacturing fast fashion to producing more smart and technical textiles.
3) Data and Information technology will further facilitate global textile supply chain management
Currently, when an apparel item is out of stock from a retail store, all of the supply chain participating members will be informed about the requirements and value fulfilments of the product simultaneously through digital and internet-based systems. Future models of these systems will further facilitate data and information into these processes, including multi-participant information sharing platforms, where all members can search, network and communicate with each other easier and more efficiently.
BizVibe is home to 50,000+ apparel and textile companies across 200+ countries, covering all sectors. The BizVibe platform allows you to discover the highest quality leads and make meaningful connections in real time. Claim your company profile for free and let the business come to you.
BizVibe is home to over seven million company profiles across 700+ industries. The single minded focus of BizVibe’s platform is to make networking easier. Over the years, we've searched far and wide to figure out how businesses connect and enable trade. That first interaction is usually fraught with the uncertainty of finding a potential partner vs. a potential nightmare. With this in mind, we've designed a robust set of tools to help companies generate leads, shortlist prospects, network with businesses from around the world and trade seamlessly.
BizVibe is headquartered in Toronto, and has offices in London, Bangalore and Beijing. For more information on the BizVibe network, please contact us.