Threadsol, an international garment technology solutions firm with operations in India, Sri Lanka, Bangladesh, Pakistan, Vietnam, Thailand, Indonesia, Turkey, Philippines, and China, has announced plans to invest in Africa’s apparels sector.
After marking its presence in 15 countries, ThreadSol is all set to explore the African apparel industry to transform manufacturers to super vendors. The move comes at a time where the President of Kenya, Uhuru Kenyatta, has decided to dedicate his efforts in achieving a development initiative dubbed The Big Four Agenda as a way to improve the country’s economy and create more job opportunities.
Manufacturing is one of the pillars in the Big Four Agenda, and Threadsol has the opportunity to help in raising the share of this industry by providing better processes for manufacturers.
ThreadSol recently participated in an event titled Origin Africa 2018 held in Kenya. During the fair, the company presented its range of innovative software solutions for the African apparel manufacturers. ThreadSol is also set to participate in the next African event of ATF (International Apparel, Textile and Footwear trade exhibition) from the 20th to the 22nd of November in Cape Town, South Africa.
ThreadSol’s innovative solutions work toward transforming manufacturers to super vendors. The solutions, known as intelloCut and intelloBuy, help in reducing the planning time by almost 80%, reduce fabric sourcing cost by acting on data and insights.
“These solutions are powered by the latest IT technologies of artificial intelligence, Big Data, and Mobility. Consequently, this solution reduces lead time and cost for manufacturers, making them to be able to handle more styles, cater to in-season change and at the same time, improve the topline and bottom line of their businesses,” Threadsol said in a statement issued this week.
“The current global sourcing trends are based on 3 major things: trend injection- the reactive approach of the brand to competition’s product range, read & react- small SKUs to test market response, and in-season chase- revise manufacturing POs to focus on fast selling goods”, explained Suhrud Panigrahi, Key Account Manager at ThreadSol.
Threadsol stated that in order to keep up with these trends of fashion brands, apparel manufacturers need agility. An interesting term used by Mr. Panigrahi is ‘Super Vendors’.
“A super vendor is a manufacturer who can work upon these trends by not only controlling costs of manufacturing, but also innovate the products to take pressure off the brands. Another compelling characteristic of a super vendor is to postpone or disrupt the order bookings for reactive trend injections”, Mr. Panigrahi explained.
Innovative solutions by ThreadSol have been implemented by over 150 apparel manufacturing facilities and have reduced cost for manufacturers and improved on their output.
Since the requirements of high and fast sourcing models are on a rise, it is becoming difficult for countries like Bangladesh to keep up with these trends. The same can happen in Africa, if regional manufacturers do not act towards becoming super vendors.
“African manufacturers have to become super vendors”, commented Mr. Anas Shakil, Head of Emerging Geographies and Senior Partner at ThreadSol.
“They need to reduce lead times and cost better to handle more styles, cater to in-season change and at the same time, improve the topline and bottom-line of their businesses”, he said.