ThreadSol Participates in China Asia Textile Forum 2018

ThreaSol participated in China Asia Textile Forum 2018 on March 12th and 13th. ThreadSol participated in an engaging Panel Discussion lead by Mr. Navdeep Sodhi, Gherzi Consulting. The topic of the discussion was “Emerging Trends in Textile and Apparel Sourcing”. End Quote

(1888PressRelease) March 27, 2018 - ThreadSol is pleased to announce their successful participation in China Asia Textile Forum 2018. Held on March 12th and 13th, the Chinese Chamber of Commerce for the import and export of fashion and textiles (CCCT) organized its 5th China & Asia Textile Forum.

The theme of the Forum was “Creating smarter, stronger and more sustainable supply chains through international collaboration”. It became obvious that the Chinese apparel and textile industries are rapidly growing smarter, stronger and more sustainable.

Mr. Cao Jiachang, Chairman of CCCT and Vice President of the IAF, highlighted three major developments in the Chinese apparel supply chain. Firstly, he spoke about the creation of smart apparel factories. He continued with the One Belt, One Road initiative, where China invests heavily in apparel industries in surrounding Asian countries. Finally, he discussed the rapid development of the Chinese domestic market leading to sophisticated retail concepts and the rise of apparel imports.

ThreadSol participated in an engaging Panel Discussion lead by Mr. Navdeep Sodhi, Gherzi Consulting. The topic of the discussion was “Emerging Trends in Textile and Apparel Sourcing”. The panelists included association members from garment and textile associations of export leaders like Vietnam Cotton & Spinning Association, The Textile Association (India) , Myanmar Garment Manufacturers Association, Bangladesh Garment Manufacturers and Exporters Association, Textile Enterprise Association of Chinese Chamber of Commerce in Cambodia along with technology provider ThreadSol.

The discussion revolved around the different models of sourcing, the transition to faster sourcing models and the impact of the advent of ecommerce and industry 3.0. ThreadSol representative, Senior Partner Mr. Kundan Sengupta put forth the potential of damage that can be caused to retail brands due to the technology possessed by e-commerce. He said, “The business model of e-commerce brands like Amazon and Alibaba is built on technology. They sell your (retail brands) products through their portal and they have immediate consumer insights like you cannot have, not yet. The only way to stay in the competition is to accept technology too.”. Mr. Sengupta also gave an insight on ThreadSol solutions that help apparel brands reduce 3-5% of their sourcing cost by the use of Artificial Intelligence and Big Data.

ThreadSol is a technology pioneer for the global apparel industry using Artificial Intelligence and Big Data. Headquartered in Singapore, ThreadSol provides software solutions for apparel manufacturers and brands to boost their topline and bottomline. Operational in 15 countries, ThreadSol creates innovative solutions to drive profits with consistent topline and bottomline boost of 3-5%.

Visit www.threadsol.com to find out more or contact us on sales ( @ ) threadsol dot com

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