Potential of Contract Manufacturing in expanding Indian Leather Exports

-

 Many people think that the major brands like Louis Vuitton, Chanel, Gucci, Prada, Christian Dior, Fendi etc. have reached this height of success by 100% manufacturing and producing their own goods. All these brands are famous for their leather products but how many of us actually know that the key ingredient in the recipe of their success could be contract manufacturing?




The leather industry holds a significant place in the Indian economy and has one of the youngest workforces. The Indian leather industry is one of the oldest manufacturing industries that has been catering to the global market since the 19th century. Having its own raw material source, strong and eco-friendly tanning base, advanced manufacturing units, skilled man-power etc. has helped India become the 2nd largest producer of footwear and leather garments and 5th largest exporter of leather goods and accessories in the world. Manufacturing experts have stated that the Indian footwear sector has the potential to reach US$80 billion or 8 times its present size by the end of 2030. So, the companies that are working tirelessly to make this mission possible have chosen contract manufacturing as an ultimate solution.

Contract manufacturing companies possess advanced skills and have their own method of quality control which helps the brand in reducing the overall cost and focus on other essential areas of their business. The same has helped in the Indian leather industry’s growth which now accounts for around 12.93% of the world’s leather production of hides/skin. Leather is known for substantial export earnings and it is among the top 10 foreign exchange earners for the country which makes it one of the vibrant sectors of the country’s economy.

Industry Experts helps in finding relevant contract manufacturers for leather garments, belts, shoes, and other travel accessories production for the companies that are looking for manufacturers. The portal helps in connecting the brands with suitable contract manufacturers according to the business needs.

Comments

Post a Comment

Popular posts from this blog

How to choose the Best Sourcing Company for Your Business

-
Image
  A significant number of modern companies have recently turned to the manufacturer sourcing activities to reduce their production costs. In addition, they will lower their goods and services costs. In this respect, the position of manufacturing sourcing  enterprises is significant. However, it is not easy for businesses to select a Manufacturer sourcing in India . Before you deal with a sourcing firm, you have to look at certain things. Until choosing a procurement organization, businesses must weigh the following factors: Knowledge: Often manufacturer sourcing firms do not have proper knowledge of goods and services they are dealing with. These corporations can be avoided by entities by all means. Always choose manufacturing sourcing in India businesses who know the manufacturing processes. When enterprises choose these vendors, they do not adhere to quality requirements on their goods and services. Authentic procurement agencies such as Industry Experts inspect the output du
Read more

How B2B Sourcing Platforms Enable Your Business to Acquire Wider Reach?

-
Image
  As per Statista, global business-to-business (B2B) sourcing transactions totaled $12.2 trillion in 2019. The emergence of the B2B marketplace is among the most influential developments in B2B eCommerce. The importance of this B2B sourcing platform cannot be overstated, as it has reinterpreted the trading relationship between B2B buyers and sellers while still acting as a networking hub. If the trend seeks to spread, conventional B2B wholesalers and distributors have a tremendous opportunity to adopt the online marketplace paradigm and obtain a strategic edge.   As a result, B2B solution providers are witnessing dramatic shifts in buyer tastes and software procurement methods. In addition, the study showed that more than 80% of businesses no longer purchase software according to a calendarized buy schedule. Rather than waiting for the next update or purchasing cycle, more than 50 % of the respondents have said that they are willing to make a purchase as soon as the need emerges.
Read more

India – An attractive manufacturing and sourcing destination

-
Image
India has emerged as an attractive manufacturing sourcing destination in the past couple of years and has a lot to offer as the world’s fast-growing economy. The manufacturing sector in India is fast developing into an investment hub for many foreign players who have already shifted their sourcing to India and are benefitting from the same. But, before proceeding to more details, it is important to understand what manufacturing sourcing is and what a manufacturing sourcing company do. Manufacturing Sourcing – It refers to the concept of searching for a supplier that would help the client company in meeting its objective in terms of cost, quality and deadlines as well as performance. The sourcing consultant from a manufacturing sourcing company helps the client on both professional and personal levels which further helps in making the production stage much smoother. The primary advantage of the services provided by the consultant includes cost savings and improved efficiency. Some mor
Read more