Written By Dr. H K Sehgal In their frantic efforts to reduce cost to attract and retain customers, retailers / buyers have now innovated a new way to source - through reverse auction. Under this system, buyers / retailers issue specifications and invite, online, lowest bids for the garments from across the world. Online discussed this new phenomenon with Devangshu Dutta, a textile and apparel industry professional and international consultant, on the future of this alternative to sourcing as is being done today. This, he felt, could only be possible for mass product categories rather than small, niche products that…
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Weekend Rush Blues The ’burbs go shopping on weekends and malls must learn to handle the crowds, find Namrata Singh and Aradhana Takhtani Five-year-old Shefali knows that Saturday mornings are reserved for the regular weekly jaunt to the nearby mall in suburban Mumbai. She is usually ready with her list of things she wants her office-going parents to buy. Along with the regular grocery for the home, the Sharmas also pick up chocolate and ready-to-eat snacks for their little one and top it with a relaxed lunch at the food court located inside the mall. The Sharmas are among several…
Geopolitical friction has again sparked renewed concerns over inflation and rising input costs for FMCG companies as @itmeansjustice @whysnavi write. @devangshu commented.
