For designers, supply chain management can be the least sexiest part of the business. However, as these three collapses prove, it is also essential.
Lisa Ho: stock for miles
Enough dress bags to last two years, enough shoes boxes to run a race around Surry Hills and 43 kilometres of unused fabric with a value of between $400,000 – $500,000. These were some of the stunning revelations administrators for designer label Lisa Ho revealed at a Ragtrader Live conference. Lisa Ho Designs and Lisa Ho Retail went into voluntary administration with debts of nearly $11 million in 2013. However, the supply chain issues are timeless. “This industry is rife with errors,” administrator Simon James said. “People do not invest time and money in sy…
Read the full article at: http://www.ragtrader.com.au/news/3-times-this-led-to-disaster-for-designers
