Fashion in Focus: Managing Supply Chain Risks
b"For sourcing professionals, the pandemic has served up a seemingly never-ending series of logistical quagmires. Factory shutdowns, transportation capacity constraints and cost spikes, and raw material shortages forced companies to adopt plan B, C or even D.\\nOutside of the direct effects of Covid-19, environmental disasters and geopolitical upheaval threaten to abruptly cut off supply or derail shipments. And when time is of the essence, it pays to have planned ahead.\\n\\u201cCompanies have to start thinking about developing their own contingency plans and risk-mitigation playbooks,\\u201d said Murali Gokki, managing director at AlixPartners, who leads the company's apparel and fashion services as part of the retail practice. \\u201cThese need to be institutionalized; they no longer have the luxury of waiting for an event to happen and then putting their best brains in a room to think through a solution.\\u201d\\nListen to this episode to learn how to navigate freight hurdles heading into the holiday season, what it will take to scale nearshoring and onshoring, the hidden impacts of inflation that are hurting bottom lines, where to start with digital design and production management tools and how companies should approach the supplier-buyer relationship.\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"