As challenges continue to ravage an already struggling apparel industry, the increasingly competitive sector will continue to face pressure on all sides. Even if the pandemic and overall economic conditions improve in the short-term, demand is unlikely to bounce back as end consumers everywhere deal with limited spending power. Apparel factories need to reduce the complexity of their operations and learn new ways to increase gains. Most still do not understand the relationship between unit costing components and performance and translating this relationship into crucial manufacturing standards. They also don't realize how change in the work behavior of every level of their workforce is fundamental to real change.
This forecast highlights the need for a shift in the traditional profitability mindset. More sales do not necessarily yield better financial results. In fact the only way that apparel factories can ensure their survival and even success under these difficult conditions is through continuous improvement.
The key principles for moving forward in this uncertain business environment will be flexibility and agility, alongside operational excellence. Without a radical shift in the mindset of its leaders over how profitability is viewed and prioritized, the sector cannot advance.This book gives a clear and comprehensive understanding of what each organization will require in order to attain the necessary competitive advantages towards greater excellence. It covers all the steps that it takes to raise manufacturing standards in apparel factory from mediocrity to excellence.