News : How Can Fashion Solve its Supply Chain Woes?

Thursday, March 17, 2022

How Can Fashion Solve its Supply Chain Woes?

Dear Reader,

How should the fashion industry navigate the ongoing global supply chain crisis?

Surging geopolitical tensions, a sustained increase in inflation and continued fallout from the Covid-19 pandemic are upending fashion's supply chains. To help companies respond to these challenges, BoF Insights published Building Resilience and Value in Fashion's Supply Chain. Informed by 30 expert interviews and a proprietary survey of more than 250 senior fashion executives, this 82-page report provides:

Expert guidance on how to navigate escalating geopolitical tensions and corresponding supply chain challenges
Ten strategic initiatives for companies to prioritise to transform their supply chains into a source of competitive advantage and value
Eight case studies detailing how specific brands and retailers are making their supply chains more resilient
Rankings of senior fashion executives' concerns and priorities regarding their company's supply chains

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As a valued member of the BoF Community, we are sharing an exclusive framework included in BoF Insights' supply chain playbook that concludes the report. Ultimately, fashion struggles to manage what BoF Insights calls the "trilemma" — balancing reliability, speed and cost when only two factors can be achieved at once. Rather than attempting to optimise for this trilemma, BoF Insights advises fashion companies to concentrate on discrete value-creating initiatives that focus on visibility, velocity and viability.

To obtain the complete set of strategic recommendations from BoF Insights, please purchase your copy of the report here.

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For a look at all research published by BoF Insights, please click here.

Should you have any questions about BoF Insights, or if you would like to suggest future topics for the team to research, please do not hesitate to reach out to our team at insights@businessoffashion.com.