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World News 24

BULETIN TEKSTIL.COM/Jakarta

THE UNITED STATE OF AMERICA

Verusen’s supply chain in Atlanta, Georgia – USA in 2022 states that as many as 80 percent of supply chain executives cannot properly track the movement of digital materials throughout their company network.

This annual survey by Verusen examines the perspectives, activities, and challenges currently being faced by supply chain professionals related to the impact of rapid shifts in supply chain movements and business conditions.

From this survey it was found that many companies experienced a lack of resources and direction to meet their supply chain management targets.

This can result in disruption to the delivery of goods, delays in production or disruption to production capabilities, which in turn can reduce the company’s profits and business growth.

The main priority for supply chain executives in the coming years is to reduce the risk of disruption to the movement of goods to avoid delays or stoppage of production activities.

The 2022 supply chain management survey was conducted with supply chain executives from leading global companies with a turnover of less than US$1 billion (70% of the population), US$1 billion to US$20 billion (30% of the population).

The summary of the findings from this survey is as follows:

  1. Questions about digital system changes in supply chain activities found that around 76% of executives gave various answers and there was a visible lack of knowledge.
  2. The main obstacle faced by around 43% of supply chain executives is work alignment with other parts of the company.
  3. The main priority of the respondents for the coming years is to minimize the risk of disruption to the company’s supply of goods.
  4. More than 75% of respondents believe that implementing digital-based supply chain management takes around 12-24 months.
  5. It is not being able to track the movement of goods throughout the company network directly or indirectly using a digital system, reported by around 80% of respondents
  6. Accelerated delivery of spare parts was stated by more than half of the respondents so that there would be no disruption to production activities. (24/7 Supply Chain)

INDIA

Fashion for Good is an organization that works with the garment industry to encourage the implementation of production activities and have a good impact on humans.

The aim of this organization is to inspire changes in production patterns that encourage collective movements to make fashion an industry that brings goodness.

Fashion for Good’s vision is: manufacturers in the apparel supply chain in India, Bangladesh and Vietnam invest in technology that brings economic growth to the country, good manufacturing practices, promotes the use of materials that are safe, recyclable, uses energy clean in production activities, running close loop manufacturing, creating jobs and fair economic growth for all stake holders.

In early December 2022, Fashion for Good visited Pratibha Syntex in India to submit the final loan disbursement which had started in June 2022.

This US$4.5 million loan really helped the integrated textile factory to develop their industry from the spinning sector to the garment, including in terms of financial, environmental sustainability, and corporate social responsibility.

Fashion for Good’s visit with Sphera, Fairwear Foundation, Global CAD and Adelphi found that the impact of investment in production machinery and new tools in this Indian company has resulted in savings for factories of around 50% in energy use, water savings, and efficient use of raw materials. Significant progress has also been made in terms of environmental action and corporate social responsibility.

Prathiba Syntex Limited has used the loan to invest in new machinery in the spinning sector, installation of solar panels to obtain a clean and cheap source of energy compared to energy from burning fossil fuels, modern drying machines, and improving waste treatment equipment.

Fashion for Good is very appreciative of the funding partnership for this Indian company, which it calls a pioneer in sustainable production.

They reported that the environmental impact, corporate social responsibility, and the company’s financial results resulting from the investment were above expectations and in line with Fashion for Good’s mission.

This will continue to provide assistance for investment in garment factories in India and Bangladesh to encourage the growth of good apparel production practices, the country’s economic growth, and fair business activities for all stakeholders, efforts to achieve sustainability production, and towards a restorative and regenerative garment supply chain.

EUROPE

Sustainability is a must for the apparel industry. It’s not easy to implement it in the whole series of production process. After the Covid-19 pandemic, implementing sustainability has become increasingly important so that companies can survive well.

Textile entrepreneurs in all sectors, from upstream to downstream, must incorporate strategies for implementing sustainability, business stability and modernization in their company’s production activities.

Apparel consumers will emphasize their trust in the company before buying the products produced by the company. They will evaluate the practice of the company’s production operations during the pandemic and after the end of the Covid-19 pandemic. Transparency will be an important factor for all stake holders today.

Sustainability will be achieved through technological engineering, which the company uses to innovate all aspects of production activities such as: product design, supply chain series and development of the company’s business model.

Increasing production capacity, integrating operational activities and efforts to increase the company’s production flexibility require hard work and collaboration from all parts of the company as well as setting good work standards.

The pandemic that the world is facing is a disaster but at the same time it can provide benefits if it is properly addressed by the company.

In this case can be divided into three types of companies, namely:

  1. Companies that have not implemented sustainability must use this moment to build a competitive advantage by focusing on consumer satisfaction.
  2. Companies that have implemented sustainability practices at an early stage must maintain their activities and be committed to improving the implementation of these practices towards sustainability according to the targets set.
  3. Companies that have achieved success in practicing sustainability in the implementation of their production activities must encourage collaboration of all parts in a series of production processes.

We don’t know yet whether the Covid-19 pandemic will subside or turn into an endemic? But one lesson we have learned: health, safety and welfare for all stake holders is more of a shared responsibility and not the responsibility of each individual.

To anticipate the Covid 19 pandemic, textile, apparel, footwear and fashion companies have the same pattern.

It is indeed not easy to manage the crisis caused by this pandemic and at the same time have to act aggressively to maintain a business existence and pay full attention to environmental awareness and carry out corporate social responsibility.

But if the industry leaders succeed in shouldering this heavy responsibility then there will be historical records that they managed to save the industry and rebuild it from the brink of collapse.

VIETNAM

Nearly 3 million Vietnamese work in the textile industry. They position this industry to be the largest industry and play a major role in contributing to economic growth for the country.

The textile industry accounts for 12 percent of the total productive workforce, and contributes 16 percent of Vietnam’s total GDP. In the world garment market, Vietnam is in the 2nd position as the largest garment exporter country.

This country has a supply portion of 6.4% of the world’s total garment exports. Vietnam’s main garment export market is the United States with a value of US$ 16 billion.

The results of a comparison of the costs of producing textiles from 14 countries conducted by the International Textile Manufacturer Federation (ITM), in collaboration with some of the world’s major textile machinery manufacturers and associations of textile manufacturers, show that Vietnam holds the record as the country with the lowest costs in the energy and interest capital components.

Some of the benefits that will be obtained by investors who invest in Vietnam include:

  1. Competitive labor costs
  2. There is a Multilateral Trade Agreement (MFA) such as CPTPP and EU-FTA
  3. Vietnam is capable of producing small orders, which China and India cannot offer.
  4. High speed for the product to reach the target market.
  5. Good supply chain for the textile industry in Indo-China, Southeast Asia such as Cambodia, Laos, Myanmar and Malaysia.
  6. Vietnamese citizens are known as the friendliest people in the world, and as workers they are hardworking, honest and always willing to help and build cooperation. (Immago)

(Red B-Teks/Indra I)

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