September 24, 2022
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7 reasons why a digital supply chain platform for the textile industry makes sense

By on May 25, 2022 0

Textile production is a trillion dollar industry that provides direct employment to approximately 20 million people. However, the most concerning issue is that it still operates with processes that are no longer sufficiently suited to cope with the changing needs and pace of modern retail.

Mainly handled offline, textile production still lags behind in modern digitalization with its outdated sourcing practices and distribution process.

The good news is that the industry is looking to comply with a digital supply chain platform that facilitates the sourcing of materials quickly, cost effectively and sustainably.

One company that has brought such a platform to the attention of the textile industry is Tengiva (Textiles Exchange Network). Founded in 2018, Tengiva’s primary focus has been to address the supply chain and distribution challenges faced by textile manufacturers and apparel brands.

One of the ways they solved some of the industry’s biggest challenges was to develop a textile supply chain management platform that enables direct online sourcing. Central, unique and integrated, the platform presents millions of dollars of inventory and more than 300 different materials available for brands in 30 countries around the world.

Annie Cyr, CEO and Co-Founder of Tengiva, explained, “While today’s consumers can easily buy fashion products online from any apparel brand in the world, the supply chain that allows the flow of textiles from factory to fabric maker and apparel brand has not kept pace. .

Adding: “Our platform changes that by modernizing global textile distribution and trade.”

While modernizing one of the oldest industries is not easy, the impact of digital technology on the textile supply chain could be enormous. If you’re looking for reasons why a digital supply chain platform for the textile industry makes sense, here are 7:

(1) It allows sellers to boost their online presence, showcase their materials easily, develop new business relationships and reach new markets.

(2) This allows millions of dollars worth of inventory to be available through the platform worldwide.

(3) It modernizes global textile distribution and trade, ensuring that the critical steps that take place behind the scenes of every garment made and sold are as automated and streamlined as possible.

(4) It enables unprecedented access to materials throughout the supply chain and takes a holistic approach to addressing sustainability, an important issue facing the textile industry.

(5) It centralizes and provides structured access to data for textile manufacturers and apparel brands, enabling textile companies to react quickly to new market trends and customer expectations.

(6) It optimizes the use of resources, increases transparency throughout the supply chain and promotes best practices, such as CO2 emissions calculations, recyclability of material combinations and recommendations regarding production processes that reduce environmental impact and the use of chemicals.

(7) It is easier for clothing brands to source textiles directly from manufacturers in the quantities they need.

With 7.2% of the global climate impact caused by textile production alone, the winners are those who react quickly to the ever-changing demands of a new way of doing business.

So, as the industry moves towards a more digitized future, a purpose-built platform promises to solve many of the challenges that textile mills and apparel brands face today, like becoming more sustainable. As we move forward, the first step is to recognize that we are doing business in a time when change is no longer a choice but an expectation, and for the textile industry this is a transformation that has took a long time to come.

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