HECOL441 Lecture Notes - Lecture 2: Global Value Chain, Hosiery, Paradigm Shift
2 Sep 2016
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Document Summary
Lean supply chain is key to fashion business success. Uses web-based technologies to continuously recon gure dynamic supplier networks. Allow to evaluate and remove the vestiges of old mentalities and start moving toward a demand focused market. Critical to involve all partners in the supply chain planning process. The cost of outsourcing production in china is rising. Licensing can dilute the value of a brand (selling rights) Apparel industry produces men"s, women"s and children"s wear as well as furs, lingerie,hosiery, gloves and occupational clothing. Highly labour intensive, low barriers to entry, does not have to be highly educated labour. Textile industry manufactures a wide variety of threads, laments and fabrics for apparel. Highly capital intensive, high barriers to entry, more educated workers. Globalization is the process whereby the world"s people are beginning increasingly interconnected in all facets of their lives; cultural, economic, political, technological and environmental (lodge, 1995)
