Key Logistics Trends and Supply Chain Management in the Textile Industry
Management
Key Logistics Trends and Supply Chain Management in the Textile Industry
5 min
709 views
Never Miss a Beat
Get weekly email updates from Fashinza to your inbox
Summary: Logistics is an integral part of the clothing business. After the pandemic, businesses have become smarter by incorporating new technologies and strategies to manage their supply chain and logistics. Here are some of the key trends in the fashion industry's supply chains.
Logistics is the backbone of an organization’s supply chain, just as the supply chain is the structure on which a business is built and operated. The interesting part is that supply chain management as a function evolved from day-to-day logistics for operational efficiency. Textile industries and fashion brands with global procurement and distribution networks are increasingly relying on robust supply chains that are flexible, cost-effective and result-oriented.
There have been several noteworthy trends in supply chain and logistics that have made clothing businesses leaner yet competitive. Before we dive headlong into what’s latest in supply chain management, let us first find out how supply chain and logistics work in a hyper-connected world of buyers and sellers.
Supply chain and logistics in the apparel industry
Like all businesses, the textile industry also relies on a network of suppliers and distributors to get its products manufactured and shipped across the world. The textile industry was estimated to be worth $993.6 billion in 2021. With a projected annual growth rate of 4%, which is on the conservative side, the industry is already believed to have crossed the $1 trillion mark in the current fiscal.
Supply chain and logistics play a critical role in managing such a gargantuan network of stakeholders, which includes producers, manufacturers, warehousing and delivery partners. After the pandemic, the never-before thrust on the digitization of information saw the rise of data-aided logistical operations. Here are some of the breakthrough trends that are making supply chains and logistics more resilient and flexible.
Logistics Trends That Will Drive Supply Chains in Future