Scale with Sergio: Examining the Supply Chain in the Fashion Industry
Supply chains are the backbone of any operation, and that’s particularly true in the fashion industry, where sourcing, manufacturing and delivery are quite literally make-or-break.
To help host Sergio Reyes dive into visibility, management and more when it comes to supply chains in the fashion industry, Smartwool Head of Operations Aloke Mishra joined this episode of Scale with Sergio to share his insights.
To begin, the duo touched on the key elements of supply chains and what makes them so critical to the operation of businesses the world over.
“You really need to understand and have visibility into your supply chain from end to end,” Mishra said.
In particular, Mishra said sheer financial impact, time to market, production efficiency and end-of-life management are the core aspects of supply chains that make them so critical to the successful operation of a business in quite literally any industry.
Reyes and Mishra dove into each of those aspects, providing insights regarding how to best manage each and maintain visibility throughout the entire supply chain, not just a portion of it.
The pair also explored how scale and growth can affect supply chain management, noting that getting larger often means navigating new supply chain challenges.
Fortunately, solutions exist if you’re willing to do the work to identify areas where efficiency can be boosted, such as in the leveraging of raw materials.
“The bigger the company, (the more) silos, and each silo is creating its own product not knowing that each silo could be sharing 60% of the raw material,” Mishra said. “This is where I think supply chains have another part to play.
“When you really start to look at your raw materials much more closely, you are actually also going to embed yourself with R&D and say, ‘Hey, by the way, this particular component of yours and that component of that other one are like 98% similar.’”
Catch Up on Previous Episodes of Scale with Sergio!
Marshall Electronics Responds to Esports’ Massive Growth with Cutting-Edge POV Cameras
As we head into the middle of this decade, the eSports industry is witnessing an unprecedented boom. Valued at $1.42 billion in 2022, it’s projected to skyrocket to $4.47 billion by 2030, thanks to the rising adoption of smart devices and POV cameras, internet connectivity, and strategic partnerships like that of Microsoft and NVIDIA. […]
Legacy Payment Companies Embrace Blockchain Solutions. Their Infrastructure is Still “Fundamentally Not Aligned” with Web3 Payments.
Legacy payment companies are finally embracing blockchain solutions at scale, though still behind compared to the innovation that young fintech companies are bringing to the next generation of payment solutions. Regardless, this embrace is taking many shapes, and it’s still not a guarantee that they’re up to the task. In the last year, Visa […]
The Importance of Legal Counsel to Major League Organizations
Live sporting events continue to be at the forefront of entertainment in America year after year. Between enthused fans, good food and drinks, and anticipation for record-breaking moments, the ambiance of a stadium on a game day is unmatched. However, behind the scenes of our beloved stadiums and sports traditions lies term sheets and contracts […]