Is poor sourcing to blame for recent retail bankruptcies?

© Arne9001

Magnificent op-ed from the publisher of Sourcing Journal, a US publication for the fashion and apparel industry, on how rigid supply chains and set-in-stone sourcing policies and arrangements have led to many traditional clothing retailers being unable to compete with fast fashion houses such as Zara, resulting in some catastrophic financial losses.

“What makes so many of the European fast fashion powerhouses successful is their culture, how they empower their merchants to travel overseas, create and find great product, make necessary changes and close the deals without layer after layer of approval.”