As an important global logistics hub, commercial hub, service center and financial center, Singapore, with its unique geographical advantages, has become a key bridge for the textile and clothing industry in the Asia Pacific region to link to the global market. On November 13, Singapore again attracted global attention. More than 300 textile and clothing industry experts from all over the world went to the "Lion City", opening an industrial feast of innovation and co construction of textile and clothing industry chain and value chain, and opening a new curtain of linking the global industry.
The forum gathered representatives of leading textile and clothing supply chain enterprises, international buyers, fashion buyers from 24 countries and regions, including Singapore, Belgium, Germany, the United States, the United Kingdom, the United Arab Emirates, Portugal, the Netherlands, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Thailand, Vietnam, Hong Kong, China, Bangladesh Industry experts, scholars, policy makers, high-quality service providers in various fields and other experts provide advice and suggestions to jointly build a flexible, flexible and sustainable textile and clothing supply chain system. At the same time, we will focus on industrial security development, research and judgment of cooperation trends, supply chain integration capabilities, regional investment needs, cutting-edge technology applications, new foreign trade, finance and taxation, law, logistics and other industrial chains of B2C+B2B cross-border e-commerce to build a win-win cooperation ecosystem for the industry supply chain.
In addition, international organizations, fashion groups, well-known brand names, listed enterprises, global high-end suppliers, e-commerce platform representatives, and leading guests of AI technology enterprises, such as the International Textile Manufacturers Federation, the European Textile and Garment Alliance, Li Feng Group, FOURSOURCE, Xurong Group, Kangli Group, Liantai Group, have authoritative analysis of the status quo of the global textile and clothing industry Challenge and development trend, focus on clothing and textile supply chain innovation, activate Asia Pacific capacity cooperation, and explore ways to improve supply chain efficiency and benefits through intelligent and digital means.
The forum was jointly sponsored by the ASEAN Textile Industry Federation and the China Textile Industry Federation, undertaken by MP Singapore Pte Ltd and the Textile Industry Branch of the China Council for the Promotion of International Trade, and received strong support from the "Host Association" - Singapore Fashion Association.
Overview of the global situation
Open the door of the new era with the thought of breaking the situation
Christian P. Schindler, Secretary General of the International Textile Manufacturers Federation, delivered a keynote speech on "the status quo, challenges and development trends of the global textile and clothing industry", based on the details of regions and market segments in September 2024 in the ITMF Global Textile Industry Survey, and the statistical data of textile machinery shipments from 2002 to 2023 in ITMF, The trend of shaping the global textile value chain is analyzed. At this stage, the global textile value chain is facing multiple shaping trends. In addition to the traditional procurement and production links, new trends are emerging in sustainability and recycling, strengthened supervision, the rise of second-hand markets, fast fashion, global demand and consumption share, and the digitization of industry and supply chain. This will promote the global textile industry to develop in a more environmentally friendly, sustainable, efficient and personalized direction.
Christian P. Schindler said that the purchase transfer revealed that the competitive pattern of the global textile market was being reshaped. With a strong foundation and continuous investment, China's textile exports remained at a high level. At the same time, Bangladesh, Vietnam, Cambodia and other countries are gradually emerging as new forces in textile production. With the improvement of environmental awareness, it has become the industry consensus to reduce textile waste and improve textile reuse rate. Digital innovation is to empower multiple links such as production, consumption, design and logistics, and accelerate the transformation of the global textile industry chain.
In the theme report of the "New Framework of EU Textile Strategy", Dirk Vantyghem, Director General of the European Textile and Clothing Union, introduced the EU's policy ecological design, supervision and related legal proposals for sustainable products, such as the supervision of ecological design of sustainable products (ESPR), the "Textile Labeling Regulation (Amendment) Regulation 1999", and the legal proposal for green claims.
According to Dirk Vantyghem, ecological design supervision (ESPR) of sustainable products covers many aspects, including emphasizing the minimum performance of products, such as durability, maintainability, etc., and the introduction of digital product passport (DPP) to share product information and prohibit the destruction of unsold goods. In addition, a legal proposal for green claims was put forward to encourage voluntary B2C green statements and coordinate the EU labeling system to support SMEs. The EU waste legislation stipulates the compulsory extended responsibility of national textile producers, requiring member countries to collect textile waste separately from 2025.
"The international conflict is intensifying, the trade situation is tense, the global supply chain is facing unprecedented pressure and challenges in the complex and dynamic environment in the face of changing market demand and regulatory agreements." Deepika Rana, chief operating officer of Li&Fung Group, in the report "Challenges and innovation of the global clothing and textile supply chain", This paper discusses the key challenges that affect the global supply chain, and how enterprises respond to the challenges and achieve supply chain innovation.
Deepika Rana said that it is very important to improve the agility and flexibility of the supply chain. By building a predictive production platform and using advanced technology and artificial intelligence to reduce costs and speed up, enterprises can better respond to market changes and reduce the impact of "bullwhip effect". At the same time, enterprises also need to focus on product innovation, borderless procurement, transparency and traceability; It is also necessary to actively embrace cutting-edge technologies, such as pricing and cost calculation through artificial intelligence and machine learning, and focus on production and inventory management, risk management normative analysis, inventory optimization and process innovation to improve the overall efficiency and competitiveness of the supply chain.
Gather wisdom and strength
Open a new chapter of supply chain
At the meeting, industry representatives from FOURSOURCE, Kangli Group, Xurong Group and Liantai Group focused on the topic of "Driving Force of Supply Chain Reconstruction: Technology, Brand and Sustainable Development", sharing their leading experience in AI technology, sustainable development, intelligent manufacturing solutions, emerging market development and new e-commerce models.
"From procurement to production and distribution, can AI completely change the value chain of clothing and textiles?" Jonas Wand, CEO and co-founder of FOURSOURCE, said in the keynote speech "Artificial Intelligence&the Future of Clothing and Textile Value Chain" that although the textile and clothing industry is being subverted by changing purchasing behavior, many AI solutions and platforms are addressing and solving various challenges in the textile value chain.
Jonas Wand said that at present, AI technology in the textile and clothing industry is mostly embedded in existing software to improve efficiency, and there are also independent and revolutionary new solutions that can bring significant operating profit growth to the fashion industry by accelerating processes and improving productivity, but most AI solutions are still limited to specific problems. In the future, AI will be explored to go deep into each link of the textile value chain, making it a part of the daily operation of the industrial chain, but it will take time to realize the transformation from isolated system to fully integrated system.
Scott Walton, the global business development brand director of Kangli Group, said in his keynote speech "Getting Better: The Digital Revolution Drives the Sustainable Profit Growth of Brand and Supply Chain" that overproduction has become the core of many problems in the fashion and retail industry, which exposes the shortcomings of the traditional supply chain in flexibility, sustainability and risk response. With the rapid change of the market environment, especially the dynamic adjustment of the relationship between supply and demand, the industry is undergoing a profound change.
Scott Walton said that in order to remain competitive in the new market environment, enterprises are actively seeking transformation, taking on-demand service as the key to optimizing the supply chain strategy, and enhancing the response speed and adaptability of the supply chain through on-demand production, small batch production, instant fashion trend response and regionalization strategies. As an important support for on-demand service, Kornit XDI technology, with its efficient, accurate and high-quality design and production capacity, can create colorful and high-precision designs in a short time, shorten product development cycle, reduce production costs, and improve profit margins.
Post time: 2024-11-15 14:59