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GSBS 2017 forum to discuss new textile business models

YarnsandFibers News Bureau 2017-11-22 10:00:00 – Mumbai

The Times Of India Global Sports Business Show (GSBS)2017 organized to discuss new business models of textile value chain. The largest convergence of the sporting industry in India, on its 2nd day focused on ISPO academy and the textile value chain.

Talking about the sustainability development goals 2030 and their implementation with the textile value chain, Mr. Reiner Hengstmann, Go4More, Stuttgart, Germany highlighted the 17 goals structured by the UN.

He added that Sustainability and business must work hand in hand. It is the need of the hour that companies and brands look for sustainable solutions and for consumers to be more aware about what and how of the making of the product. They need to move from linear business model to circular model where the motto is make-take-recycle.

Mr. Anton Schuman, Ghezri Textile Organization, Zurich, Switzerland addressed the options and risks of digitalization for the textile industry. He said that traditional value chain is changing due to digitalization; the driver being the consumer; digitalization has enabled the industry to create realities that were unthinkable at some point. He advised the delegates to innovate, adapt digitalization, change the point of view and do it with passion and write history.

Navdeep Sondhi, Gherzi Textile Organization said that according to a survey the global textile, apparel consumption was 90 million tons in 2016. The future of textile apparel consumption market will be India and China due to rapid growth in disposable income and younger population.

In a fire chat session Harit Mehta, MD, Haren Textiles, discussed the challenges that Indian companies faces, the need for digitization and working with the supply chain.

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