LONDON--(Marketwire - Jun 29, 2012) - TradeCard, Inc., the supply chain collaboration and global trade platform used by more than 10,000 retailers, brands, manufacturers and service providers, partnered with leading UK-based apparel publication Drapers magazine to host an executive roundtable this week at Claridge's Hotel in London. More than 15 apparel and retail executives gathered to discuss risks associated with sourcing from China and potential alternatives to improve supply chain flexibility, diversification and product quality while maintaining visibility and low costs.
"This topic is top-of-mind for every fashion retailer and brand sourcing overseas today," said Perry. "Most are already broadening their sourcing bases to other low-cost countries but uncertainty remains about how to do this without creating substantial risk to your business. Three key action items uncovered during the discussion were: conduct on-site due diligence prior to making a move; have a specific strategy in mind for each sourcing region; and find the right partners to help you navigate the local laws and barriers."
TradeCard Founder & Chairman Kurt Cavano was among the thought leaders on-hand to discuss sourcing strategies for UK-based apparel retailers and brands. Cavano offered insight into some of the emerging economies his customers are sourcing from. TradeCard is a cloud-based supply chain platform that automates and integrates the physical and financial supply chain for companies like Abercrombie & Fitch, Guess? and O'Neill Europe.
"Rising wages and production costs in China continue to drive sourcing closer to home," said Cavano. "We're seeing shifts in trading patterns as Eastern Europe and Central and South America capture a greater proportion of sourcing volume from European and American fashion brands and retailers. There's still significant opportunity in Asia in places like China, Vietnam, Bangladesh and Sri Lanka. The key is to understand the strengths and pitfalls of each locale and be smart about how you diversify your global sourcing program."
Download a free white paper on sourcing alternatives to China.
About TradeCard, Inc.
Since 1999, TradeCard, Inc. has transformed global supply chain collaboration by boosting visibility, cash flow and margins for over 10,000 brands, retailers, suppliers and service providers operating in 78 countries. TradeCard delivers a cloud-based network that enables complex, multi-enterprise sourcing transactions across multiple layers of the supply chain. More than 45,000 individual users leverage the TradeCard Platform to streamline transaction flows, from purchase order through production tracking, shipment and payment. Embedded financial services throughout the supply network reduce capital costs and minimize risk. Multi-enterprise collaboration on the platform delivers visibility into the movement of goods, from raw materials to the store shelf. TradeCard's on-the-ground trade experts around the world allow entire supply networks to rapidly join and drive value through the platform.
The world's leading retailers and brands, including Levi Strauss & Co., Columbia Sportswear, Guess and Rite Aid, leverage the TradeCard Platform and its member network for sourcing and global trade. TradeCard, Inc. is headquartered in New York City, with offices in San Francisco, Amsterdam, Hong Kong, Shenzhen, Taipei, Seoul and Colombo. TradeCard is located online at www.tradecard.com.