Cotton Sector & 3 Vs

CottonTextiles

19 October 2022, Mumbai:

We are living in a VUCA world and we will have to live with volatility as there is no single magic bullet. Cotton is a natural fiber; its availability depends on weather and other uncontrollable situations.

Recent months have seen high cotton drama regarding price volatility and demand which can threaten to trigger cotton-poverty. While the present economic situation put enormous stress on the textile sector, it provides a valuable lesson that we should focus both on the supply and demand sides of the textile equation.

3Vs

Given this scenario, our industry should focus on three Vs. :

Value Utilization

Value Creation

Value Addition.

Need for 3Vs

Prior to inflation reaching 9% in some parts of the world, which is a 40-year high, the textile sector focused predominantly on the supply side of the equation, such as the availability of raw materials, labor force, energy issues, etc.

(CREDITS: Seshadri Ramkumar, Professor, Texas Tech University, USA)

Latest Textile News

Author’s Posts

  • 68th IIGF happening on 7-9 Feb 2023

    07 February 2023, Mumbai

    This edition, the 68th India International Garment Fair is currentl...

    Feb 07, 2023

  • Taneira's stellar OOH campaign in Gurgaon rolled out

    07 February 2023, Mumbai

    An innovation-led OOH campaign to promote Taneira from

    Shoppers Stop & Cadbury Dairy Milk Silk join hands for Valentine’s Day

    07 February 2023, Mumbai

    Shoppers Stop and, Cadbury Dairy Milk Silk has collaborated to make...

    Feb 07, 2023

  • LC Waikiki: Kicks off Mirchi Jam Season 1

    03 February 2023, Mumbai

    Apparel Group’s leading fashion retail brands LC WAIKIKI and Mirch...

    Feb 03, 2023

  • Union Budget 2023-24: Spykar Lifestyle view

    02 February 2023, Mumbai

    About Spykar

    DFU
    DFU-Intimate Wear
    Azad
    Virtual Fashion