ELSA LOBO INES ALDANA NICOLE LEUNG
01 02 Business Description Mission & Vision Values Sourcing Guidelines Target Market
Logistics Product Category Size Range Price Points
03 04 Country Analysis Supplier Analysis Strategy Publication Strategy Conclusion Country Ranking Supplier Ranking
Line Plan Unit Breakdown Costing Sheet Tech Pack
01
WAVE MOVING FORWARD
Wave is a company founded by women for women living in a world where experiences are being cherished more than ever. It is our responsibility to provide spot-on apparel that will feed the active female community with the power of accomplishing everything they desire with perfect comfort but never looking unpolished. We are always moving forward.
MIS · SION Create activewear that fulfills the requirements of both form and movement inspired by women for women.
VI · SION Become the world’s leader in women’s athlesure while implementing sustainable business practices.
VAL · UES High quality products Sustainable practices Innovative designs
CODE · OF · CONDUCT
ENVIRONMENTAL ¡ IMPACT Wave is committed to work with suppliers that intent to mitigate negative environmental impact in their daily operations. They must follow all environmental laws and regulations that will be provided in a contract that must be signed prior doing business with us.
DISCRIMINATION Wave believes in giving equal treatment and opportunities for all employees. Suppliers must ensure that no person should be subjeced to any discrimination in the workforce including basis of gender identity, race, religion, age, disability illness, pregnancy, sexual orientation, nationality, political opinion or other protected status.
NO FORCED LABOUR There shall be no use of forced labor including but not limited to involuntary overtime.
TRANSPARENCY AND COOPERATION Suppliers must give full disclosure of their practices and resources related to production. This includes no new subcontractor may be introduced without our prior approval, all factories must follow our same values and policies.
CHILD LABOUR There is zero tolerance regarding to child labor, suppliers must ensure that no underage employees are part of their staff.
FAIR WAGE Suppliers must at least meet the local legal minimum wage to compensate their employees.
HEALTH AND SAFETY Suppliers who work with wave must be committed to provide a healthy and safe environment to their workers in order to prevent accidents and injury to health linked with or occurring in the course of work.
HOURS OF WORK Suppliers must provide consensual overtime work and shall not require workers to work more than regular hours per work. This sum cannot exceed the regular and overtime of 60 hours.
A transparent communication with our supply chain is the basis for our work and maintaining a constant flow of information is highly encouraged in wave’s policy. Therefore Wave takes a serious account of actions to ensure that our code of conduct is followed by our suppliers.
Supplier Questionaire
Audits
Vendor Scorecard
Control Plans
Before any agreement with our suppliers, Wave commits itself to visit potential facilities to inspect their working environment. Partners are required to fill out an extensive Supplier Questionnaire, in which they are required to provide information on all their current subcontractors used, details of factory conditions, and employee feedback on working conditions.
The key performance criteria is a process to monitor the performance of the vendor, and the best way to do this is through a vendor management scorecard. It will measure the key performance indicators that the vendor is bound to. It will be easy to use by all employees that are required to interact with this tool. Performance is a function of both time and quality and those two are the basis of our scorecard.
Our policy includes yearly visits to review and approve changes regarding to suppliers performance. During our audit, we meet with facility managers, tour the site, review documents, and interview all employees and workers of the organization to ensure that our code of conduct is being followed.
Documented descriptions of the systems and methods for controlling part and process quality by focusing key characteristics. It is a living document developed and revised to reflect the addition or removal of controls and measures with time.
INTERNAL ¡ MONITORS
In reflection of our values and goals as a company, wave is member of two foundations that works with brands and industries influencers to improve working conditions where our products are made.
The Fair Wear Foundation is an international multi stakeholder initiative that aims to improve working conditions in textile factories all around the globe - hand in hand with their members. In a strict code of conduct called the “Code of Labor Practice”, the ban on child labor, the right to freedom of association, safe jobs, livelihoods, and a resource-conserving production are regulated- in all factories that come after the production of materials.
The goal of Fairtrade is to reduce the imbalance of world trade and to improve the life of farmers and workers in the world’s poorest countries. All Fairtraid members are encouraged to sustainably improve the lives of all farmers and workers by the prohibition of discrimination, child labor and forced labor, opportunities for further education, collective bargaining and freedom of assembly, working conditions that comply with legal minimum requirements and providing a workplace that ensures safety and health care benefits.
EXTERNAL · MONITORS
AGE: 21-40 Female clientele 1. On-the-go healthy lifestyle 2. Fashion forward and conscious shoppers 3. They value experiences and seek for clothing that is typically worn for an experience, mostly outdoors such as working out, running errands or hiking on the weekends Location: Urban cities Income: Mid to Upper Level
TARGET ¡ MARKET & CUSTOMER
CATH ¡ E ¡ RINE - 23 year old - Salt Lake City - Choreographer/Model - Income $50,000.00 - Smart, creative, confident, and comfortable in all aspects of her life - Prefers quality over quantity - She enjoys planning her yearly vacation
MI ¡ CHELLE - 40 year old - Chicago - Real State Agent/Mom - Income $80,000.00 - Enjoys her afternoon spinning classes - Embraces a healthy cuisine - Single and versatile mom with a liberal way of thinking - Conscious about the brands she wear
02
CHICAGO, ILLINOIS
LOGISTICS & STORE · LOCATION
CONSTRUCTION BRA Molded cups shape and minimize bounce while you work out in this breathable sport bra cut with mesh insets and an elastic band for a locked-down feel.
STRAP KIMONO Lightweight and high-performance outerwear, its lightweight volume is controlled at the waist providing at the same time a relaxed-fit.
LUXE LEOTARD
FLARE LEGGINGS
DETAILS Sizing: XS, S, M, L, XL Price Range: $50 - $300
The core legging evolving with a dramatic silhouette that’s provides the freedom of motion with its swing creating a premium luxe feel.
Lends the style to Ballet workouts. The elasticated waistband anchors the style, while the cutout details offer breathability, flexibility and layering opportunities. The stretch creates a soothing cushioning effect.
BOXY TEE Relaxed-fit tee with a boxy square-cut that provides a classic gym-class coolness.
PRODUCT & SHILOUETTE · EXPLORATION
active stretch
weather resistant
water resistant
lightweight
COLOR · EXPLORATION
03
COUNTRY · ANALYSIS
Criteria
CHINA
In terms of technology, China has repeatedly been considered a world leader in technology and innovations with electronics and machinery representing their largest export category. Currently, there are no Trade agreements with the US but they are under negotiation for a US-China trade agreement. It does have bilateral investment agreements with over 100 countries and economies. There is no national minimum wage in China but each providence in china delegates their own minimum wage. The lowest minimum wage is 11 yuan which equals $1.61 USD per hour. The highest minimum wage is 18.70 yuan which equals $2.90 USD per hour. Manufacturing in China cost significantly less due to the high saturation of manufactures and huge, highly-skilled labor force.
MAIN SUPPLIER Officially known as the People’s Republic of China, China is the world’s third largest country, after Russia and Canada, dominating the map of eastern Asia. Located in Eastern Asia. Boarding the East China Sea, Korea Bay, the Yellow Sea, and the South China Sea. Bordered by 14 countries: Korea, Vietnam, Laos, Burma, India, Bhutan, Nepal, Pakistan, Afghanistan, Tajikistan, Kyrgyzstan, Kazakhstan, Mongolia, and Russia. It is the largest textile producing and exporting country in the world. With its rapid growth over the last two decades, the Chinese textile industry has become one of the main pillars of the country’s economy. Although there are many environmental factors that they need to improve, the Chinese government is well aware of their large impact on the environment and are working to better their environmental effects. In January 2003, the Chinese Academy of Sciences initiated a project to save endangered plants, aimed at increasing the plant diversity of its 12 affiliated botanical gardens from 13,000 to 21,000 species within 15 years. These efforts might prove crucial in the nation’s quest to maintain its ecological balance alongside its economic growth. The country has also become the world’s largest manufacturer of wind turbines and solar modules and has overtaken the US in terms of installed renewable energy capacity. The Labor Contract Law of the People’s Republic of China is the primary source of labor law in China and went into effect on January 1, 2008. Its Highlighted requirements include: Labor dispatch agency must have a minimum registered capital of no less than RMB 2,000,000; Operate from a permanent business premise with facilities that are suitable to conduct its business; have internal dispatch rules that are compliant with the relevant laws and administrative regulations; d. Satisfy other conditions as prescribed by laws and administrative regulations; and e. Apply for an administrative license and obtain approval from the relevant labor authorities.
Guatemala is located in Central America and it’s the most populous country. It is a predominantly poor country. The Guatemalan government is defined as democratic and representative. Jimmy Morales was elected as president and chief of state. State institutions face many difficulties which include high levels of political violence, inappropriate campaign finance practices and ineffective electoral regulations. Between 2010 and 2014 internet access in households in the metropolitan urban area in the country increased from 18.3% to 27%. The future of e-commerce is assured in Guatemala because the new generations are more closely related to the Internet. Also, one of the major attractions is that in most cases the prices compared to the local market are lower by between 20% and 30%. Internet could have tremendous impact on the way Guatemalans do business, educate and promote development. Given the large educational and income disparities that pervade Guatemala, only 0.4% of the population accesses the Internet. Environmental issues are critical in Guatemala because of the country’s vast natural resources. Guatemala is one of the most ecologically diverse nations on the planet. Guatemala is one of the most vulnerable countries to the impacts of climate change which disproportionately affect rural indigenous farmers and exacerbate poor land management practices. There is a commission in Guatemala, Garments and Textiles Commission (VESTEX), a cluster in charge of promoting the sector through technical assistance, training information, marketing, exports promotion, and contacts at international and governmental levels. Guatemala boasts 140 garments companies, 41 textiles and yarn plants, and 260 companies for accessories and services. Guatemala also accounts for an important 14% of garments and textiles exports in Central America. The CAFTA-DR is the first free trade agreement between USA and a group of smaller developing economies like Guatemala. It promotes stronger trade and investment ties, prosperity, and stability throughout the region and along the southern border of the US. Guatemala should be taken into consideration since it has high levels of quality of product, it has easy access to raw materials, they have quick delivery times because of geographical positioning, it has low wages starting from US $3.00/hr, they have the CAFTA-DR trade agreement with USA, and they have the VESTEX comission.
GUATEMALA
VIETNAM
Vietnam is located in southeastern Asia, bordering the gulf of Thailand, gulf of Tonkin, and South China sea as well as China, Laos and Cambodia. Vietnam’s government has a strong commitment and determination to the goal of sustainable development. The outstanding achievements result from an aggregate of many factors which include the effective mobilization of every available domestic resource and international assistance. The country has yet to exploit its resources to maximum potential and work remains to be done in achieving further success. At the present stage, sustainable development is faced with many sizable difficulties and challenges of global dimensions: financial and energy crises, food security and climate change as well as subjective challenges to the country. The enactment of a new labor code strengthened the position of workers by incorporating new enforcement mechanisms to comply with fair labor standards. Minimum wage increased by 12.4 percent in January 2016, and in April, the Vietnamese government and trade unions issued a joint statement expressing their commitment to improve industrial relations laws. New strategies aim to increase the impact of science and technology to the economy by 2020. This will increase the value of hi-tech products to around 45% by 2020 with increasing globalization, the development of this area involves international cooperation. Us and Vietnam Bilateral Trade Agreement (BTA) is the most comprehensive trade agreement Vietnam has signed to this date. Includes trade in goods, protection of intellectual rights, trade in services, investment protection, business facilitation and transparency. It also allows Vietnam’s products to have much lower tariffs, dropping the average 40% to 3% when products enter the United States. The apparel sector of Vietnam has benefited from the country’s membership in World Trade Organization (WTO) Since the country joined in 2007, its apparel exports have increase at an annual rate of 21.7%. It has also helped several garment firms to explore new markets and avail preferences like most forward nation status. On 2016 the Trans Pacific Partnership (TPP) was signed and is considered to generate a greater share of the global apparel and footwear market. In comparison with other countries in Asia, the cost of living in Vietnam remains relatively low. The average annual income is of $2,200. Labour costs in Vietnam are lower than the rest of Asia. An ideal production base for companies thinking of shifting or diversifying out of China. The average mill operates for 340 days of the year and the typical worker will put in a 48-hour per week and usually works for 287 days a year. Vietnam is a country to look out especially when it comes to comparisons with China. Currently is now the second-largest exporter of textiles and garments to the US after China, and It is a great backup option for Wave because its classification of production is best suited for woven knits, denim and active wear. Vietnam’s broad-based growth, low wages and strong economic outlook make it an attractive solution to rising manufacturing costs elsewhere. The country possesses a dynamic environment reflected in a young population, growing wealth, greater mobility and urbanization.
Criteria
SUPPLIER · ANALYSIS
1 2 3
China Supplier: Ningbo Shenzhou Knitting Co. Ltd Address: Moganshan Rd, Beilun Qu, Ningbo Shi, Zhejiang Sheng, China, 315800 Tel: Corporate office: 86-574-86980045, International Marketing: 86-574-86980205, Webmaster: 86-574-86980401 Fax: 86-574-86980022 Website: http://www.ishenzhou.com/english/
Areas of Expertise: Athletic Clothing Established in 2002. Having more than 20 thousand staffs, it has registered capital of 30 million USD. The company consists of administration department, production management department, financial department, quality controlling and developing department, knitting department, dyeing and finishing department, several sewing cutting departments, and comprehensive department.
Evaluation Fits into our company sourcing guidelines because they: • Doesn’t tolerate child labor • Prohibits forced labor • Use imported non-pollution dye • Import German-made steam dyeing machines. Which have low water consumption. Low electricity consumption and low waste discharge/ • Financially supported more than 600, 000 yuan to help natural disasters around the city. • Is active in donations for the community
Vietnam Supplier: Thygesen Textiles Vietnam Address: Tan Quang Commune, Van Lam District, Hung Yen Province, Vietnam Tel: Phone: (+84) 2213 791 677 Skype: thuytgs Email: sale@thygesen.com.vn
Areas of Expertise: Thygesen Textile Vietnam formerly known as Thygesen Fabrics Vietnam Company Ltd was established in Sept 2004 with the headquarter and production base located in Vinh Tuy Industrial Zone, Linh Nam Street, Hoang Mai District, Hanoi. They provide services for manufacturing a wide range of products from Activewear, to workwear, kidswear, casual fashion and knitted fabrics. It is located in the North of Vietnam closed to the materials source as well as an abundant labor force.
Evaluation Fits into our company sourcing guidelines because they: • They strictly comply with international manufacturing standards • Have a control of a professional management system with an extensive technological know-how. • Depending on the order volume and type, the lead time in general is from 8-12 weeks. • Among its certifications are SA 8000, BSCI, WRAP with the purpose of continuously contributing in improvement of social living standards starting by their workplace environment.
Guatemala Supplier: CSA Guatemala, S.A. Address: Calz. San Juan 39-69 Zona 7, Colonia El Rodeo/Guatemala, Guatemala city. Tel: (502) 2375-0400 / (502) 5704-0996 Email: limster74@csa-guatemala.com Website: http://www.comfortstyleapparel.us/
Areas of Expertise: Evaluation CSA Clients include Nike, Old Navy, Kohl’s, Adidas, Underarmour and Fits into our company sourcing guidelines because they: more. We consider our Clients as partners by respecting their knowl- • Hire experienced staff edge, idea and brand concept. We understand that each customer is • Have proper facilities for quick term orders totally different. Our goal is to provide the means and expertise to • Have quick lead times maintain the quality and consistency which is identified by their brands. • Prohibits forced labor • Have a Guatemalan and US location
STRATEGY ¡ PUBLICATION The selection for our three countries was based on extended research on how all of them fulfilled the requirements that Wave looks for when manufacturing our products. It is essential for us that these countries can relate to our sourcing guidelines when it comes to their manufacturing practices and skills. After doing our research in analyzing the potentials of each countries, we concluded on how each of them provided a great advantage when it comes to skilled work force, technology and their background experience with the apparel and textile industry. For Wave it is also crucial to have depth knowledge on our suppliers and to keep a close contact with them. After doing our research for each country, we concluded on our top suppliers that best suited our needs, providing a broad experience with our product categories and making sure they didn’t violate any of our requirements laid out in our code of conduct. It is important for us at Wave to find suppliers that have the same values as us when it comes to their manufacturing practices and have the same respect for fair labor laws and environmental practices.
STRATEGY · CONCLUSION After researching countries and suppliers, we decided to go with China as our main country to source our products. China is recognized as the biggest manufacturer in the world especially in apparel industry. There are several reasons to why China is our first choice. First, China has the biggest textile industry, which is the nature advantage for manufacturing apparel. Second, with a total surface area of 9,596,961 square kilometers, China has large land resources and possesses strategic shares in various mineral resources. Due to its geological preconditions, China has proved reserves of nearly all major minerals containing about 12% of the world’s minerals resources, with only the United States and Russia possessing larger proportions. Third, with its brought experience in the apparel industry China provides its advantage over other countries. China has an abundant experience in exporting, it has become a major overseas investor being recognized as the world’s largest exporter and second-largest importer of goods. Four, Since China introduced the economic reforms in 1978 China’s economy has been one of the world’s fastest-growing. Since the revolution in 1979, the Chinese government started to support international trading and now they have a wide experience in international trading with a strong government support. Finally, China has more than 1500 apparel manufactures and many of them provide P.O services and clear customs for customers, which helps us avoid extra process when bringing our merchandise to the US.
COUNTRY RANKING
Business Climate Costs Government
Location Risks Social Stability Sourcing Guidelines Textile Industry Trade Agreements Trained Work Force Socio Eco Political Total (out of 100)
CHINA
VIETNAM
GUATEMALA
9 8
6 9
5 4 5 8 3 4 5 7 5 4 3 53
5 10 4 5 7 10 0 10 5 73
6 7 3 2 3 8 5 5 5 59
COUNTRY · RANKING
SUPPLIER RANKING
Abilities
CHINA
Capacity Lead Time Quality
Customers Sourcing Guidelines Services Offered Strategic Outlook Total (out of 100)
10 10 8 10 9 9 10 10 76
VIETNAM
8 8 8 8 9 9 10 8 68
GUATEMALA
9 8 9 8 9 9 10 7 69
04
MONTHLY · LINE · PLAN Monthly Line Plan
Style Nbr WV1020 WV1009 WV4647 WV1015 WV1040
Season
Description Flare Leggings Boxy Tee Construction Bra Strap Kimono Luxe Leotard
10%
14.00%
14.00%
22.50%
22.5%
17% Fall Total
Dec Jan August Sept Oct Nov Quantities Quantities Quantities Quantities Quantities Quantities 832.5 629 370 518 518 832.5 787.5 595 350 490 490 787.5 675 510 300 420 420 675 630 476 280 392 392 630 450 340 200 280 280 450 TOTAL:
Unit Breakdown
UNIT · BREAKDOWN
Average Monthly Style Nbr. Description % to total Total Units Units Cost per Unit Total Cost WV4657 Construction Bra 20% 3000 500 $13.06 $39,180 Note the calendar is based on retail calendar of SP/Summer and Fall/Winter WV1009 Boxy Tee 23% 3500 583 $18.10 $63,350 WV1040 Luxe Leotard 13% 2000 333 $25.03 $50,060 WV1015 Strap Kimono 19% 2800 467 $33.67 $94,276 WV1020 Flare Leggings 25% 3700 617 $19.13 $70,781 100% 15000
100% 3700.00 3500.00 3000.00 2800.00 2000.00 15000.00
STYLE: WV4657 SPEC #:1001 SAMPLE SIZE: SMALL
BILL · OF · MATERIALS
DESCRIPTION: CONSTRUCTION BRA
size guide
LOOK
ADVISORY · SPEC
Style: WV4657 Season: FALL 18 PM: Elsa Lobo - Nicole Leung - Ines Aldana
Size Range: XS, S, M, L, XL Fold Size: Not folded Packing: 1 per polybag
1st Delivery: April 10 Proj. Quantity: Target Price: $60
82% nylon 18% spandex mesh fabric high-nech coverage
1
in the middle under neck drop
basic hemstitch 8989 machine wash / line dry
printed on the right side of body
DTM Label 2’’ by 3.5’’
STYLE: WV4657
RETAIL IMU
$13.06 6% 11.80% $1.31 $16.02 $16.80 $60.00 72.0%
COSTING
FIRST COST AGENTS FEE DUTY COUNTRY: CHINA IFF ELC GLC SEASON: FALL 2018
LOOK
ADVISORY · SPEC STYLE: WV1009 SPEC #: 1002
DESCRIPTION: BOXY TEE
BILL · OF · MATERIALS Style: WV1009 Season: FALL 18 PM: Elsa Lobo - Nicole Leung - Ines Aldana
Size Range: XS, S, M, L, XL Fold Size: Folded in half Packing: 1 per polybag
1st Delivery: April 10 Proj. Quantity: Target Price: $84
SAMPLE SIZE: SMALL 50% polyester 50% vinyl
notched collar basic hemstitch 9090
printed on the top
machine wash / warm water DTM Label 2’’ by 3.5’’
STYLE: WV1009
RETAIL IMU
$18.65 7% 11.30% $1.31 $22.21 $23.52 $84.00 72%
COSTING
FIRST COST AGENTS FEE DUTY COUNTRY: CHINA IFF ELC GLC SEASON: FALL 2018
LOOK
ADVISORY · SPEC STYLE: WV1040 SPEC #: 1003
DESCRIPTION: LUXE LEOTARD
BILL · OF · MATERIALS Style: WV1040 Season: FALL 18 PM: Elsa Lobo - Nicole Leung - Ines Aldana
Size Range: XS, S, M, L, XL Fold Size: Folded in half Packing: 1 per polybag
1st Delivery: April 10 Proj. Quantity: Target Price: $111
SAMPLE SIZE: SMALL 100% polyester 17% spandex
elastic waistband
1/2’’ basic hemstitch 5353
printed on the top
machine wash / warm water DTM Label 2’’ by 3.5’’
STYLE: WV1040
RETAIL IMU
$25.03 7% 14.90% $0.37 $29.33 $31.08 $111.00 72.0%
COSTING
FIRST COST AGENTS FEE DUTY COUNTRY: CHINA IFF ELC GLC SEASON: FALL 2018
LOOK
ADVISORY · SPEC STYLE: WV1020 SPEC #: 1004
DESCRIPTION: FLARE LEGGINGS
BILL · OF · MATERIALS Style: WV1020 Season: FALL 18 PM: Elsa Lobo - Nicole Leung - Ines Aldana
Size Range: XS, S, M, L, XL Fold Size: Folded in half Packing: 1 per polybag
1st Delivery: April 10 Proj. Quantity: Target Price: $128
SAMPLE SIZE: SMALL 42% polyester 39% nylon 19% spandex waistband
3’’ basic hemstitch 6767
below the the waist
machine wash / warm water DTM Label 2’’ by 3.5’’
STYLE: WV1020
RETAIL IMU
$19.13 8% 11.30% $0.55 $21.99 $23.52 $84.OO 72%
COSTING
FIRST COST AGENTS FEE DUTY COUNTRY: CHINA IFF ELC GLC SEASON: FALL 2018
LOOK
ADVISORY · SPEC STYLE: WV1015 SPEC #: 1005
DESCRIPTION: STRAP KIMONO
BILL · OF · MATERIALS Style: WV1015 Season: FALL 18 PM: Elsa Lobo - Nicole Leung - Ines Aldana
Size Range: XS, S, M, L, XL Fold Size: Folded in half Packing: 1 per polybag
1st Delivery: April 10 Proj. Quantity: Target Price: $152
SAMPLE SIZE: SMALL 100% polyester 3’’ polyester ribbon opening holes for ribbon with a 4’’ space in between
notched collar basic hemstitch 7171
1 2
ribbon to fasten kimono opening holes should be placed in center front of the garment printed on the top
machine wash / warm water DTM Label 2’’ by 3.5’’
STYLE: WV1015
RETAIL IMU
$33.87 7% 16% $0.64 $40.19 $42.56 $152.OO 72.7%
COSTING
FIRST COST AGENTS FEE DUTY COUNTRY: CHINA IFF ELC GLC SEASON: FALL 2018
polyester spandex faux leather mesh details
polyester spandex mesh details
CONSTRUCTION BRA $ 60
Style: WV4657 Size: XS, S, M, L, XL Manufacturer: Ningbo Shenzhou Knitting Co. Ltd Volume Unit: 3,000 Retail Price: $60 Profit Margin: $46.94
SOURCING · STRATEGY
BOXY TEE $ 84
Style: WV1009 Size: XS, S, M, L, XL Manufacturer: Thygesen Textiles Vietnam Volume Unit: 3,500 Retail Price: $84 Profit Margin: $65.90
LUXE LEOTARD $ 111
Style: WV1040 Size: XS, S, M, L, XL Manufacturer: CSA Guatemala, S.A. Volume Unit: 2,000 Retail Price: $111 Profit Margin: $85.97
polyester jersey nylon spandex jersey
STRAP KIMONO $ 152
FLARE LEGGINGS $ 128
Style: WV1020 Size: XS, S, M, L, XL Manufacturer: Ningbo Shenzhou Knitting Co. Ltd Volume Unit: 3,700 Retail Price: $125 Profit Margin: $105.87
Style: WV1015 Size: XS, S, M, L, XL Manufacturer: Thygesen Textiles Vietnam Volume Unit: 2,800 Retail Price: $128 Profit Margin: $94.33
CONCLUSION Our strategy’s overall objective aligns perfectly with our objective of sustaining a competitive advantage in the active wear market. For Wave is important to source from manufacturers that align with our company’s values and that enforce our code of conduct guidelines in their processes. China was our first choice because of its effective skilled labor force, even though its costs are not lowest among the three, they offer an expertise in manufacturing like no other. Also, the infrastructure in our other options is not as advanced as it is in China, and they have established stable export and supply lines. There is almost no risk of manufacturing being delayed due to lack of parts or raw materials. Vietnam and Guatemala are great back up options if something goes wrong with our main supplier. Vietnam labor costs are the lowest among the three countries, but their expertise and training is not as skilled as the one in China, also Vietnam imports most of their raw materials which becomes a risk for the company if something goes wrong. Guatemala’s location is the best out of the three countries and that is why is a perfect backup providing a very efficient lead time, however as Vietnam is doesn’t offer the infrastructure and technological development that China offers. When looking for factories to source from we tried to focus on the ones which part of their area of expertise included active wear and make sure we only work with the ones who share the same values. Our suppliers are our partners and that is how we treat them. We trust in external audits to know the status of each factory. Wave tries to support its partners in implementing necessary changes in order to establish fair working conditions.
https://sustainabledevelopment.un.org/content/documents/995vietnam.pdf <%22> http://www.fairlabor.org/sites/default/files/documents/reports/vietnam_2015_summary_findings_from_factory_assessments.pdf <%22> https://www.pwc.com/vn/en/publications/2016/pwc-vietnam-doing-business-guide-2016.pdf <%22> https://thygesen.com.vn/certifications.html <%22> https://panjiva.com/shipment_search/company?permanent_id=33659501&type=us_imports <%22> https://panjiva.com/shipment_search/results?q=%3A++Ningbo+Shenzhou+Knitting+Co.+Ltd+&search_type=shipment&show_company_name_results=false&type=us_imports https://www.statista.com/statistics/236397/value-of-the-leading-global-textile-exporters-by-country/ http://www.bbc.com/news/world-asia-pacific-13017877 https://sustainabledevelopment.un.org/memberstates/china
REFERENCES
WAVE MOVING FORWARD