HONG KONG — The economic downturn has forced retailers to reevaluate how to utilize the role of the sourcing company, resulting in suppliers being under greater pressure to inject more value into the overall packages they deliver to boost their competitiveness.
Differentiation is becoming increasingly more important and, in line with this, there will be a marked shift in production focus from what sourcing firms call OEM, or original equipment manufacturing, into ODM, or original design manufacturing.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)