Corona Virus not only changed the way we look at life but it also changed the way of some of the business industries. The garment industry reviving after the wake of Covid-19 will have new laws in place when it comes to garment sourcing.
Sustainability is the new criteria for doing business, it will be a one-strike-you-are-out environment.
As years on end, the professionals sourcing the garments have followed one rule and one law which is the Glaser’s Law of Garment Sourcing: “It is better to work with a first-class factory located in a second-class country than with a second-class factory located in a first-class country” – Tom Glaser. But things are about to change in 2021 as laser’s Law has had a long run.
The professionals were only interested in the factories that delivered – reasonable price, better quality, higher productivity, better reliability, shorter lead-times and more services – what the customer required. Because first-class factories are located everywhere, sourcing professionals cared less where they were working and more with whom they were working.
However, the post covid revival of the garment industry will focus the most on sustainability. While the end of the global lockdown may bring a spike in consumer garment demand, any increase will be short lived.
The industry will not only be different it will be appreciably smaller, with too many factories chasing too few customers, chasing too few consumers.
The “good” countries must work to be better.
The “bad” countries must work to be different. Not easy!
You must accept the need for change, if you want to survive and adapt.
Everybody must play.
