Mr. F.K Zaman (Nahid)
Director
Fakir Knitwears (Bangladesh)
Crystal Martin, Sri Lanka, part of Hong Kong based Crystal Group, achieves significant productivity and efficiency gains through FastReact. These have included a 6.5% improvement in factory efficiencies, 38% reduction in air freight and 15% lower finished goods stock holding.
The Fashion industry is under tremendous price pressure from both the highly competitive retail marketplace and from Global currency fluctuations.
In the current economic climate, many vendors are worried about the risk of a drop in their order book, even if they have not yet felt much direct impact from the downturn.
In the current climate retailers are protecting capital and cash-flow. This leads to: minimising of stockholding by customers - aimed at reducing write downs increased options and delayed commitment by Buyers = more styles, smaller orders increased change to existing styles/orders in response to market trends …
Recent huge volatility on exchange rates between currencies has created havoc with Global supply chains, particularly fashion.
Fast React are specialist providers of Planning, Sourcing and Critical Path Management solutions specifically developed for the Apparel, Textiles and Footwear sectors where tight margins and short lead-times are commonplace.
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