Challenges and Strategies for SMEs in the Apparel Industry: Navigating Technological and Sustainable Transformations

Junxi Li

2024

Abstract

In the rapidly evolving global apparel industry, small and medium-sized enterprises (SMEs) are facing unprecedented challenges. This study delves into the challenges and strategies faced by small and medium-sized enterprises in the global apparel industry amidst technological advancements and shifting market demands. Although SMEs play a crucial role in the global economy, especially in major apparel-producing countries like Bangladesh, India, and China, their size and resource limitations often hinder their ability to enhance production efficiency and market competitiveness. This study discusses the necessity for strategic development and significant investment to overcome transformation’s high costs and technical complexities. It highlights the importance of government support, industry collaboration, and partnerships with technology providers to help SMEs navigate these challenges and thrive. Additionally, the study explores how SMEs can leverage digital transformation and sustainable practices to improve business efficiency and respond quickly to market pressures, thus maintaining competitiveness in a rapidly changing market environment.

Paper Citation

in Harvard Style

Li J. (2024). Challenges and Strategies for SMEs in the Apparel Industry: Navigating Technological and Sustainable Transformations. In Proceedings of the 1st International Conference on Modern Logistics and Supply Chain Management - Volume 1: MLSCM; ISBN 978-989-758-738-2, SciTePress, pages 457-460. DOI: 10.5220/0013337900004558

in Bibtex Style

@conference{mlscm24,
author={Junxi Li},
title={Challenges and Strategies for SMEs in the Apparel Industry: Navigating Technological and Sustainable Transformations},
booktitle={Proceedings of the 1st International Conference on Modern Logistics and Supply Chain Management - Volume 1: MLSCM},
year={2024},
pages={457-460},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0013337900004558},
isbn={978-989-758-738-2},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 1st International Conference on Modern Logistics and Supply Chain Management - Volume 1: MLSCM
TI - Challenges and Strategies for SMEs in the Apparel Industry: Navigating Technological and Sustainable Transformations
SN - 978-989-758-738-2
AU - Li J.
PY - 2024
SP - 457
EP - 460
DO - 10.5220/0013337900004558
PB - SciTePress