What most brands learned in the past two years: The importance of strong supply chain partnerships.
Communication the Key to Stronger Supply Chains
In a country with an estimated 5,000 garment manufacturers it’s not easy to stand out from the crowd.
“Communication is a huge factor. I’m always available, very hands on. Hierarchies are always present in any business, and they are here too. But I’m very accessible. Sometimes buyers want the personal touch, they want to know whether the owner truly has the entire business within their grasp. And I do have this,” said Vidiya Amrit Khan, Deputy Managing Director and daughter of the company’s founder.
Ms. Khan is one of the few women who run a major garment company in Bangladesh. In addition to herself at the helm, she also has appointed other women to senior leadership roles. “You could say that we have a ‘women empowerment’ factor here at Desh,” she said.
Strategic Location; Investment in transparency
LOGISTICS
China-N. Europe air cargo rates have increased more than 30% since the start of November to $7.84/kg and China-US West Coast rates have climbed past their record high set during the PPE rush in May 2020, according to Freightos data.
Ocean rates remained steady but still very elevated as widespread congestion has been enough to keep rates up on all major lanes.
Waiting time at LA/Long Beach ports continues to improve, but so far there’s been no drop in the total number of backlogged ships.
PODCAST
Building a Workplace Where People Want to Stay
How do we create a stable workforce in the face of the ‘Great Resignation’?. In this podcast episode, Ralf Specht, author of Building Corporate Soul, and former co-founder of $100 million Spark44, shares how to create companies that support both people – and productivity.
– How companies can build stronger relationships with their teams and reduce employee turnover.
– Why it’s possible to have a workplace environment that’s both competitive and supportive.
– How to build a company that has a ‘soul’.
SUPPLY CHAIN
Warehouses used by Britain’s biggest retailers are investing millions of pounds into new rail links to combat a shortage of truck drivers, which in turn could drive expanded capacity on the HS2 rail link.
MATERIALS
Cotton prices are down over 10% from last month, and are continuing to inch down week-on-week.
Other than wool, raw materials prices continued to decrease now that we’re well past peak season.
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