article thumbnail

The VF Corporation Invested in Supply Chain Agility Before COVID Made “Agility” the New Buzzword

Logistics Viewpoints

In Asia, Vietnam and Bangladesh are more important sourcing locations. The supply plan will include the procurement plan for their raw material supplies (Tier 2) needed for their finished goods suppliers (Tier 1). VF had committed itself to largely selling goods to consumers in the same region they are manufactured in.

article thumbnail

Supplier Management and Sourcing in the Fashion Industry – Under the Spotlight

Jaggaer

Factories around the world produce millions of items of clothing and accessories for top European and American brands, which are packaged, shipped and sold in every country worldwide. The “fast fashion trend”, which means that collections are distributed in shorter, and shorter periods of time, has transformed the procurement function.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Podcast: Rob O’Byrne on Digital Transformation, Sustainability, and Diversification in Sourcing

Requis

Sourcing is now predominantly overseas: China is one of the big sourcing countries of course, along with India, Pakistan and Bangladesh, Vietnam and Thailand. Because one of the major costs in a business, if you take in procurement and cost of goods, is supply chain. There’s Bangladesh in the garment industry.

article thumbnail

Considerations for China Plus Supply Chain Sourcing Actions

Supply Chain Matters

The alternative supply chain or “ Altasian” is defined as countries consisting of Japan, South Korea, Taiwan, India, the Philippines , Indonesia, Singapore, Malaysia, Thailand, Vietnam, Cambodia and Bangladesh. Foxconn chairman Young Li travelled to both Bengaluru and Hyderabad last week.

article thumbnail

The Limitations and Evolving Role of On-site Supplier Audits: 4 Reasons They Are Starting to Miss the Target

EcoVadis

One key limitation of audits is that they have become “generic”: The content has been generalized in a trend to pre-develope “packaged audits” that often fail to assess the material issues unique to the site’s business activity and hinders engagement between the trading partners (Buyer and Supplier). Limitation 1. Genericized Audit Content.

article thumbnail

Handfield’s Top Supply Chain Predictions for 2016

NC State SCRC

For instance, we know that e-commerce will continue to drive smaller package size, and will drive up volumes even further. (UPS UPS and FedEx both saw package volumes soar by 17% or more during the Christmas season over last year). Talent should be part of building a procurement transformation, and not an after-thought.

article thumbnail

The Pullback From China: Will it Be Harder for SMEs?

Logistics Bureau

US import tariffs and the desire to diversify manufacturing locations are the key drivers of the move, which will see some of the company’s production transferred to Indonesia, Vietnam, Bangladesh, and Cambodia. On the other, it’s unwise to underestimate the costs of switching procurement from one country to another.

China 98