Industry Experts

 Manufacturing is an integral part of a product-centric business. However, not every entrepreneur has the wherewithal to proficiently run a production unit. While self-owned manufacturing facilities have their advantages, they also come with a host of challenges that can derail you from your overall business objective.  Contract manufacturing is the answer to your production needs. A contract manufacturer is the one who undertakes to produce parts of your product that can be assembled at the assembling facility or delivers market-ready finished products to the warehouse or directly to the selling outlet.  Types of contract manufacturing Private-label outsourcing: In this arrangement, the buying company outsources the entire manufacturing responsibility to a third-party contract manufacturer. The contractor then produces the entire product based on the design and technical specifications given by the client. Component-specific manufacturing: Some companies may like to p...

A couple of the latest developments augur well for the clothing manufacturing industry in India and the contract manufacturing business in general.  China plus one strategy is again gaining momentum, and textile giants like Arvind Ltd. are trying to cash in on the cotton textile manufacturing front.  Though not related to the specific industry, Zetwerk’s acquisition of 3 Indian contract manufacturers in the aerospace domain significantly boosts the contract manufacturing industry in India.  Latest trends in the Indian clothing industry India has always been a strong player in the global fashion industry. Despite some nagging challenges, the industry is set to maintain its growth trajectory fueled by digital disruption and scalability. The Indian apparel industry is estimated to close at around $59.3 billion by 2022. Certain emerging trends in the sector are: Environmental consciousness: Sustainability awareness among consumers is driving clothing manufacturers to adopt ...

What is sourcing? Sourcing refers to a business process of identifying, engaging, and procuring products or services from a third party, usually from a foreign country to facilitate your business requirements. While it is primarily used in supply chain management, it can also form a part of human resources and marketing functions. What do you mean by B2B sourcing? B2B sourcing is often a digital platform that brings buyers and manufacturers/service providers together to enable procurers to source products from suitable suppliers. The marketplace allows procuring companies to select the ideal supplier from a vast gathering of manufacturers. This ensures fairplay for all the parties involved.  What are the key factors of a B2B procurement platforms?  Some of the vital features of a B2B sourcing platform are: self-service enablement: an effective marketplace should allow buyers and sellers to engage in business dealings with transparency and free flow multi-vendor enlistment:...

What do you mean by offshoring? Offspring is a business process whereby an entire business function is entrusted with an entity based in a foreign country. Call centers and KPOs are ideal examples of non-manufacturing offshoring.  Why do companies offshore important aspects of their businesses? Offshoring is primarily done by companies based out of established markets to lesser economies to take advantage of lower labour costs. However, some organisations may seek specialised skills in a particular country or may intend to build a presence in that country and offshoring could be the most viable means of achieving those objectives.  Who are offshoring consultants? Offshoring consultants are agents or companies who act as your counsellor and guide in the offshoring process. They advise you on the best possible resources and business strategies to optimise your offshoring objectives.  What are the benefits of engaging an offshoring agency? Work with experts in the field: Of...

 When did garment manufacturing start in India? Archaeological surveys indicate that the weaving and spinning of cotton date back to the Harappan Civilization. Historical evidence suggests that India traded cotton with the ancient Egyptian civilization and exported cotton to the western countries through the Chinese silk route. The Indian textile industry thrived through the Mughal period and accounted for almost 25% of East India Company’s imports. Post-independence and following liberalization in 1990, the industry has witnessed some vital changes that translated into further expansion.  Which factors are driving the growth of the Indian garment industry? Garment manufacturing companies in India are riding on the following factors to cash in on this evergreen sector: An abundance of raw material: India is the largest producer of cotton and jute and the fourth largest manufacturer of polyester.  Availability of skilled labor. A robust ecosystem comprising sufficient wat...

Offshoring Solutions and B2B Contract Manufacturing and Outsourcing are two of the most important methods for driving organisational growth and cost efficiencies. However, not many people are aware of the immense benefits of offshoring.   Offshoring is not the same as outsourcing and it becomes necessary to understand what offshoring entails and how is it different from outsourcing. The definitions that Google provides are complicated and not easy to understand. Simply, offshoring is the process of operating production facilities or services outside the domicile country, whereas, outsourcing is the procurement of products and services through third parties both within the domicile country or outside.   The terms Offshoring and Outsourcing are often used synonymously. However, both are completely different from each other and are beneficial to organisations in rather different ways. India has been ranked top in the list of the countries that provide offshoring and out...

If you're in a highly competitive market, you might have considered integrating offshore to cut costs and increase sales. Understanding that an offshore company will help you save money on taxes is one thing; recognizing which location is really the best place to register your business is another. Hiring offshore services as a startup is a sound business strategy that can help your company expand. It enables you to employ offshoring consultants in India at a low cost.   Be clear with your objectives and needs. You should accurately describe your business goals and how they relate to the venture before you start looking for an offshore services provider. Furthermore, you can keep the specific criteria that the offshore team must meet in order to apply to manage your work under wraps. Outlining the needs and the goals of your venture will help determine the best talent for your project's particular requirements.   The right skills and expertise The members of your f...