Stanislav Adzhiev’s Post

📺 talking business this morning for fashion… Fast Retailing’s success stems from innovative product technologies, vertical integration, efficient supply chains, global expansion, and a strong focus on quality, affordability, and sustainability in fashion Heres the science bit: Japan’s Fast Retailing the owner of clothing brand Uniqlo, said on Thursday, its third-quarter operating profit surged 29%. Profit rose to 144.7 billion yen ($894.81 million) in the three months to May 31 from 112.5 billion yen in the year-earlier period. The company raised its full-year profit forecast to 475 billion yen from 450 billion yen. UNIQLO Fast Retailing The Customer Whisperer TV Speakers Corner ICMI Speakers and Entertainers #FastRetailing #Uniqlo #BBC #speaker #expert #InnovativeFashion #SustainableFashion #GlobalExpansion #VerticalIntegration #AffordableFashion #SupplyChainExcellence #FashionIndustry #MarketLeaders #RetailInnovation #TheCustomerWhisperer

When I attended the Retail Fest in April, there was an overwhelming sentiment that Shein & Temu are coming for Australian Retailers. If you wondered why planes are full, and rates remain on the rise, you can bet it has a lot to do with these companies. Temu and Shein combined ship around 9,000 tons of cargo worldwide every day, or approximately 88 Boeing 777 freighters filled to the brim! They can get product to a consumer faster, with less cost and at volume. Moving goods directly from Chinese factories gives them a huge competitive advantage. And with more customers than ever facing budget constraints - money talks! Where does this leave our valued Australian brands? I found this article incredibly interesting and insightful - while there is still very much a customer demand for brand loyalty and quality, these companies cannot be dismissed. They are industry disruptors with money to burn. We will need to monitor capacity closely coming into peak season. Let's talk about your retail supply chain and plan ahead. #airfreight #retail #apparel #fastfashion #supplychain https://archive.is/yj2IK

UNIQLO easily has the best self-checkout system 🛍️ It’s an open bin that automatically tallies clothing items based on RFID tech. The Japanese firm — with annual sales of ~$19B — started the transition in 2014 but rolled it out widely in recent years. Why? The price of RFID chips has fallen to $0.04 per piece (from $0.60 a decade ago), which allowed the fast fashion giant to embed it into billions of clothing items. Per The Wall Street Journal, there are 4 types of tags (“hanging tags, waist tags, sticker tags for packaged goods and header tags for those socks”). Uniqlo actually started investing in RFID chips and hardware to better track inventory and supply chain movements. Now, 70-90% of in-store purchases are self-checkout by RFID. And checkout times are 50% faster vs. with a cashier. Have you used Self-Checkout Tech before? ---- 𝗣.𝗦. If you liked this and learned something👇 👍 please hit the like button ♻️ repost it with your network 🌟 follow me Mehmet Karakus for more  It’s all free but means a lot to me.

SHEIN is known for its: ➡ incredibly fast turnaround times, with new products hitting the market in as little as a week from design to delivery. ➡ use of data analytics and AI to quickly identify trends and adjust its supply chain accordingly. ➡ highly flexible supply chain, allowing it to quickly adjust production and distribution based on demand. ➡ direct-to-consumer model through its website and app, cutting out the middleman and allowing it to offer low prices. ➡ vast network of suppliers in China, allowing it to quickly source materials and produce products. ➡ heavy investments in automation, using robots and other technologies to streamline its supply chain and reduce costs. Their new "supply chain as a service" strategy is going to be one to watch. Another notable company that also evolved as such was Kutesmart Official. https://lnkd.in/gUYeRKx8

Young consumers in the #us, #uk, and #eu are in awe with SHEIN's "ultra-fast fashion" that is exceptionally cheap. As Shein filed for #ipo in the US, there are concerns over its supply chain practices ranging from its #sourcing practice, its #supplier's working conditions, and its product #designs. Facing headwinds, Shein announced its "supply chain as a service" to other brands. I argue that it is disastrous when Shein "expands" its operations to offer its excellent "supply chain as a service" to other brands. Why? I am grateful to Barron's for publishing my piece today with brilliant edits by Stevie Rosignol-Cortez and Matt Peterson. Other global brands will not allow Shein to handle their supply chains due to (1) conflict of interest; (2) information leakage risks; and (3) reputation risks. It sounds good, but "supply chain as a service" would not work for Shein. #supplychain #service #business #strategy #hk #singapore #worker #fairness #globaltrade #ecommerce #apparel #trading #fashion #fast

Venturing to China is not an easy path. In fact, international ventures are increasingly challenging these days, with the possible exception of Singapore, where we welcome you with open arms. Due to the rise in nationalism, whether you are heading to the EU, US, UK, China, or Japan, the local market is not going to welcome you with open arms. #andrewtanatomisingapore #theatomiway #atomiconsultancy #陈湧泉老师创业创新课程 #theatomiway #andrewtanatomisingapore #atomiLIFESTYLE #atomi #actushause #atomiFURNITURE #theentrepreneurialmindset #thegrowthmindset #entrepreneurship #陈湧泉 #英文 #中文 #日文

Fast Retailing, the parent company of UNIQLO, is accelerating its global expansion of the GU (https://lnkd.in/gb8ECCtt) fashion label with the goal of achieving annual sales revenue of ¥10 trillion (US$66.6 billion). GU, known for its affordability and appeal to a younger demographic, has a strong presence in Japan but is less established internationally. Despite competition from Western brands like H&M, ZARA SA and Gap, Fast Retailing is optimistic about GU's growth potential, particularly in North America and Europe. Leveraging synergies with Uniqlo, the company aims to meet global fashion trends while maintaining product diversity. With strategic investments in quality and expansion, Fast Retailing is committed to realizing GU's full potential in both domestic and international markets. What Bloomberg Intelligence Says: “Fast Retailing needs to expand its flagship Uniqlo chain globally to boost revenue and profit, we believe, as its growth in Japan is threatened by a shrinking population. This could limit Uniqlo’s same-store-sales growth in the country even as local wages expand. Fast Retailing’s GU label, which focuses on low-priced casual wear, could become a second growth engine.”, Catherine Lim and Trini Tan, analysts. #FastFashion #Growth #Opportunity #Business #Scale #Sustainability #Retail #Europe #US #Asia I Bloomberg I Mia Glass I Xunxun Huang (Grace)

SHEIN's on demand production model makes an interesting case for more efficient supply chain model. Shein has been grabbing headlines lately, not only for its recent growth and impending IPO but also for some scrutiny around its business practices. However, from a supply chain planning perspective, I find myself truly impressed by the sheer scale at which they execute an on-demand supply model. The ability to seamlessly transition from design to product in just 10 days, with direct shipping from China to the customer, is a noteworthy achievement in the fast fashion industry. This efficiency raises intriguing possibilities for other major players like ZARA SA or H&M and could potentially revolutionize the industry by significantly reducing end-of-season excess and overall waste. The key lies in ensuring that such a rapid supply chain model can be implemented ethically, paving the way for a more sustainable and responsive future in fashion. #retail #ecommerce #supplychain #inventorymanagement

A lot of difficult questions from Haidi Stroud-Watts and Vonnie Quinn at Bloomberg on the growth of SHEIN and Temu in the U.S. As someone who was on the ground in #China before #GenAI and experienced fast supply chains, the speed component should be associated with #sustainability. In the world of #NewRetail, companies don’t need to preposition fabric; make product 12 months before the consumer will purchase that ends up being the wrong style, color or silhouette; or face significant returns as a result. Transparency into the supply chain is critical, but not just for SHEIN or Temu, but for EVERY retailer. With changes in the regulatory environment in Europe in 2024, we will see the impact of greater visibility in the not so distant future.

If you aren't following the online platforms Shein & Temu, below is an article in the WSJ that outlines their strategy and some of the impacts it is having on suppliers. It leads to some interesting strategic and even philosophical questions in the retail ecosystem. What are the strategic, economic, environmental, ethical, and societal impacts of pursuing the lowest cost and shifting roles/accountability in the value chain? Consumers love saving money. Retailers, suppliers, and service providers must remain competitive on costs to survive. When these savings can come at the expense of performative, economic, environmental, or ethical breakdowns in the value & supply chains, consumers traditionally have asked the retailer to wisely evaluate those tradeoffs and held them accountable to do so. Shein and Temu seemingly shift that tradeoff evaluation & accountability to the consumer and the supplier. I question if that system is sustainable. #retailstrategy #cpg https://lnkd.in/gr2g4ahH