Clothing Manufacturers Shift Towards Strategic Supplier Relations

Clothing Manufacturers Shift Towards Strategic Supplier Relations

A recent McKinsey report indicates that, after years of shallow and fragmented supplier relationships, the clothing industry is now adopting a more strategic approach to its suppliers. Historically, the apparel sector has been characterized by a lack of supplier collaboration and limited long-term strategic partnerships, particularly in comparison to other industries. This was due to…

Korea and EU Strengthen Cooperation to Foster Supply Chain Resilience and Economic Security

Korea and EU Strengthen Cooperation to Foster Supply Chain Resilience and Economic Security

In a noteworthy development, Korea and the European Union (EU) have affirmed their commitment to enhancing collaboration in critical areas such as batteries, semiconductors, and advanced industries. This decision follows an announcement by Seoul’s industry ministry during the inaugural meeting of the supply chain and industrial policy dialogue, conducted via teleconference. The meeting, attended by…