The State of Fashion 2023 Report, titled “Supply Chain Manufacturing: Nearshoring and Vertical Integration,” provides insights into the current state of the fashion industry’s supply chain and manufacturing practises. The report highlights the shift towards nearshoring, where brands are bringing their production closer to their target markets to reduce lead times and increase agility. It also emphasises the growing trend of vertical integration, with brands looking to control more aspects of their supply chain, from raw material sourcing to retail. The report discusses the benefits and challenges associated with these strategies, including increased control over quality and sustainability but also the need for significant investments and partnerships. Additionally, the report explores the impact of technology and digitalisation on supply chain management and suggests strategies for brands to navigate the evolving landscape of fashion manufacturing.
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