150 of 500 top apparel retailers may not survive COVID crisis: Kavida

23 Jul '21

1 min read

Pic: Shutterstock

About 150 out of the top 500 apparel retailers are at risk of not surviving the COVID crisis, according to Anam Rahman, CEO of UK-based technology firm Kavida.ai. He added that in this new upstream environment where disruptions are the new normal, price leaders must find ways to ensure resiliency at a cost which does not impact their top line strategy.

Kavida.ai offers digital twin, which is a vertical representation of any physical asset or process. “With our digital twin, companies detect risks 30 days beforehand to allow enough time to book capacity and coordinate with brands in the event of delivery delay risks. The conversation with suppliers is moving from 'we did not see that disruption coming' to 'we have identified X risk, we have option A, B or C to mitigate',” Rahman told Fibre2Fashion in an interview.

He said that “our vision is to build a decision intelligence system which allows customers to easily implement supply chain resiliency tools.”

Click here for the complete interview.

ALCHEMPro News Desk (KD)

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