Textile-garment sector urged to embrace digital transformation

Oct 7th at 13:51
07-10-2020 13:51:18+07:00

Textile-garment sector urged to embrace digital transformation

Garment and textile companies need to develop a strategy for digital transformation to ensure their survival and future development, a seminar heard in HCM City on Thursday.

 

Brad Park of Global Dyeing Company said consumers were demanding more and changing quickly.

Production needs to follow consumers’ demand so that production and delivery times are reduced, according to Park.

Besides, consumers also pay closer attention to companies’ corporate social responsibility and environmental protection.

Companies must work to satisfy customers’ demand, reduce the cost, waste and lead time, and improve quality and design, he said.

“Digital transformation would help enterprises respond rapidly to the market,” he said.

"Firms need to identify which processes they need to transform and map out an optimal digital transformation process with the support of technology solution providers.

"But besides improvement in technology, firms also need to improve human resources and pay more attention to environmental protection," he said.

Sam Lee of Inteco, a company that offers consultancy for factory automation, said businesses in many countries were adopting smart manufacturing to replace human workers in a variety of operations.

According to Lee, garment and textile is one of the key industries in Viet Nam with increasing exports in recent years, but manufacturing and exports mainly based on the CMT (cut-make-trim) model, while more advanced business models like Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) remain modest.

Manufacturing based on the CMT model requires a large number of workers, resulting in high production costs, and automation will help reduce them.

Lee spoke about the success achieved by South Korea’s Hansae Co Ltd., an OEM manufacturer and exporter of apparel, saying automation had helped the company increase its revenues strongly between 2016 and 2019.

Park said Viet Nam’s textile industry had great potential for development.

With its experience in global operations, his company wants to join hands with the Viet Nam Textile and Apparel Association to “lead innovation for smart, green manufacturing in Viet Nam.”

“Transform digitally or die. We must join hands to develop together.”

The seminar also discussed the online exhibition trend and B2B biz-matching.

Jun Chol, director of the Coex Vietnam representative office, said COVID-19 had greatly impacted the business-to-business exhibition industry across the world.

Virtual exhibitions offered new opportunities for manufacturers, eliminating geographical barriers so that companies could reach a much larger audience, he said.

But physical exhibitions could not be replaced by online ones, and would resume after the pandemic, he said. There would be a rising trend of online-offline models, he said.

Themed Digital transformation in the textile and garment sector to overcome the COVID-19 pandemic, the two-day seminar was organised by VITAS and the Korea Institute of Industrial Technology.

Today the seminar will discuss virtual fashion and 3D design.

The event seeks to share new global technological trends and enhance co-operation between the Korean and Vietnamese garment and textile industries. 

bizhub



RELATED STOCK CODE (1)

NEWS SAME CATEGORY

Assuring technical standards for solar roof schemes

Some technical issues need to be noted for rooftop solar schemes during the investment process by ensuring a suitable structure through assessing and detecting...

Vietnam exports $700 million of goods to EU after two months of EVFTA implementation

Since the EU-Vietnam Free Trade Agreement took effect on August 1, the authorised organizations have issued more than 15,000 sets of certificates of origin with a...

KEPCO to join coal power plant project in Vietnam

Korea Electric Power Corporation (KEPCO) has decided to take part in a coal-fired power plant construction project in Vietnam, despite growing criticism from global...

Gov’t issues action plan to implement National Energy Development Strategy

Viet Nam aims to raise its renewable energy sources to 15-20 per cent of the total energy supply by 2030 and 25-30 cent by 2045.

LOGOS acquires first Vietnamese development site in greater Hanoi

After a recent announcement of an intitial capital investment into Vietnam of $350 million, LOGOS – a growing logistics developer headquartered in Sydney – in the...

Quang Ninh aims for processing and manufacturing industry to be key pillar

The northern coastal province of Quang Ninh plans to make the processing and manufacturing industry one of the main pillars in the province.

Haiphong to have billion-dollar LNG projects

The two liquefied natural gas (LNG) power projects in Cat Hai and Tien Lang districts will be added to the National Power Development Planning 2021-2030 with vision...

In uncertain times, people are the priority for HEINEKEN

HEINEKEN Vietnam recently joined the Vietnam Corporate Sustainability Forum, themed on sustainable development in the new decade and turning challenges into...

South Korea's KCTC Vietnam Ltd. ties up with Tan Cang Cai Mep JSC

KCTC Vietnam has recently signed an MOU with Tan Cang Cai Mep JSC (TCCT) to develop the port warehouse and logistics industries in Vietnam.

Time to think about recycling of end-of-life solar panels: Experts

The growth of solar power generation in Vietnam has come alongside increasing concern over the disposal of end-of-life solar panels in the coming decades.


MOST READ


Back To Top