However, changing dynamics within the retail and apparel

The Value Chain: Textile suppliers and garment OEMs are stereotypically used as examples of low quality businesses with commoditized product offerings and immaterial competitive advantages. However, changing dynamics within the retail and apparel industries primarily the trends of fast fashion, shortening product life cycles and rapidly changing consumer preferences have shifted the key variables for sourcing from price to both quality and speed. Reducing lead times is becoming essential to the business model of retailers, even if it comes at the expense of higher prices.

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