We aspire to be a game-changer and trendsetter in the textile industry
ColossusTex is a trailblazer in the textile supply chain sector, renowned for its sustainable and efficient solutions that propel the industry forward. Boasting over 25 years of expertise and a robust global footprint spanning 7 countries, ColossusTex excels in delivering top-tier sourcing, logistics, and strategic marketing services. In an interview with Fibre2Fashion, Managing Director Rohit Dev Sethi talks about digitalisation and transformation of supply chain in the textile industry.
What are the current trends and innovations in textile manufacturing and design that you find most exciting or promising?
Some of the most exciting trends and innovations in textile manufacturing and design include sustainable and eco-friendly practices. This involves the use of recycled materials, waterless dyeing techniques, and biodegradable fabrics. Additionally, the integration of smart textiles, which can monitor health or change colour based on environmental factors, is captivating. 3D printing in textiles is also gaining momentum, enabling customised, intricate designs. Moreover, digital design tools and artificial intelligence are streamlining the creative process, while fashion tech innovations like augmented reality shopping experiences offer new ways for consumers to interact with textiles. These advancements promise a future where fashion and textiles are more sustainable, personalised, and technologically integrated.
How has the textile industry evolved in response to growing environmental concerns, and what sustainable practices or materials are becoming more prevalent?
The textile industry has undergone significant evolution in response to growing environmental concerns, aiming to reduce its ecological footprint. Several sustainable practices and materials are becoming more prevalent to address these issues.
•Recycled and Upcycled Materials: The use of recycled fibres, like PET bottles transformed into polyester, and upcycled fabrics from post-consumer waste, helps divert waste from landfills while reducing the need for virgin resources.
•Organic and Natural Fibres: Organic cotton, hemp, and linen are becoming more popular due to their reduced pesticide and water usage, and the absence of harmful chemicals in their production.
•Dyeing and Printing Innovations: Eco-friendly dyeing techniques, such as waterless dyeing and digital printing, are gaining prominence as they consume less water and generate less pollution.
•Circular Fashion: The textile industry is increasingly adopting circular economy principles, promoting the repair, reuse, and recycling of clothing, which extends the lifespan of products.
•Reducing Water and Energy Consumption: Manufacturers are investing in more energy-efficient machinery and water recycling systems, minimising resource usage in production.
•Transparency and Certification: Brands are providing more information about their supply chains, while certifications like GOTS and OEKO-TEX ensure compliance with environmental and ethical standards.
•Slow Fashion: A shift towards quality over quantity is encouraging the creation of durable, timeless garments that reduce overconsumption.
These practices and materials signify a broader commitment to sustainability in the textile industry, as it aligns with the global imperative to mitigate climate change and minimise environmental harm.
Can you discuss the impact of global supply chain challenges on the textile industry and how businesses are adapting to ensure a consistent flow of materials and products?
Global supply chain challenges have significantly impacted the textile industry. Issues like shipping delays, raw material shortages, and increased costs have disrupted production. Businesses are adapting by diversifying suppliers, stockpiling critical materials, and embracing digital technology for better visibility. Reshoring and nearshoring are gaining traction to reduce dependence on distant suppliers. Furthermore, sustainable practices and circular economy principles are being adopted to minimise waste and increase resource efficiency. In sum, textile businesses are resiliently adjusting their strategies to secure a consistent flow of materials and products in this challenging environment.
In what ways is technology, such as automation and digitalisation, reshaping the textile production process and the overall industry landscape?
Technology, including automation and digitalisation, is revolutionising the textile industry. Automation streamlines manufacturing, enhancing efficiency and reducing labour costs. Robotics and AI-driven systems are replacing manual tasks like cutting and sewing, resulting in increased production speed and consistency. Digitalisation allows for the design, production, and distribution to be interconnected, reducing lead times and minimising waste. Additionally, technologies like 3D printing and digital textile printing enable customisable and sustainable production. Overall, technology is reshaping the textile industry by optimising processes, reducing environmental impact, and adapting to consumer demand for fast, personalised, and eco-friendly products.
What are some of the key challenges and opportunities facing the textile industry in the coming years, and how can businesses prepare to thrive in this changing environment?
The textile industry faces several challenges and opportunities in the coming years. Challenges include sustainability concerns, evolving consumer preferences, and supply chain disruptions. To thrive, businesses can invest in sustainable practices, adopt digital technologies for agile production, and engage in circular economy initiatives. Meeting the demand for eco-friendly products and reducing waste can open new markets. Collaborating with partners in the supply chain, embracing automation, and staying attuned to consumer trends will be crucial. Additionally, fostering innovation in materials and production methods will help textile companies stay competitive and adapt to the changing landscape of the industry.
What inspired you to start ColossusTex, and what was the initial vision for the company?
After dedicating more than 12 years to the textile industry, with experience spanning various sectors such as yarn spinning, fabric manufacturing, garment production, and distribution, I came to realise that many companies in this field face a common set of challenges. These challenges have kept the textile industry as a low-margin business with substantial uncertainties. My inspiration draws from the success of new-generation mobile app solutions in more complex sectors like transportation, food delivery, and finding specialised technicians. I firmly believe that if we can provide a swift and effective solution to mitigate these challenges for companies and employees in the textile industry, it will significantly enhance the industry’s global performance.
Our vision is to create a robust model that fosters sustainable trade practices, deploys effective marketing strategies, and facilitates global access to unique textile products.
With our tagline, ‘Revolutionizing Textiles for the Future’, we aspire to be a game-changer and trendsetter, ushering in a new era to replace traditional trade practices in the textile industry.
Could you describe the core products or services that ColossusTex offers and what sets them apart in the market?
ColossusTex is a forward-thinking company that aims to revolutionise the textile industry through a comprehensive range of services. We offer a diverse set of solutions to address various aspects of the textile business, including consulting, logistics, information provision, and marketing. Global presence, extensive network, and a focus on maximising the potential and profitability of textile organisations is what sets us apart from other players operating in this sphere. Here’s a brief overview of our core products and services:
•ColossusFind: ColossusFind is your go-to marketplace app. Buyers can easily post their requirements, while sellers can effortlessly publish their products for sale. It is a platform where the entire buying and selling process is made seamless.
•ColossusGrow: ColossusGrow is all about nurturing innovation. Companies can showcase their innovative products, and we provide the growth they need. Our network and free subscriptions are the keys to propelling their business forward.
•ColossusDeal: ColossusDeal is your solution for dealing with non-moving stocks, idle machinery, and unutilised resources. We help you liquidate these assets, turning them into value for your business.
•ColossusMove: It simplifies logistics. Customers can easily obtain rates and confirm logistics contracts with our platform. ColossusMove is the solution provider for all things logistics.
•ColossusMind: ColossusMind keeps you updated with industry news, global policies, and price trends. It is the source for brands to stay informed, so that they can make well-informed business decisions.
•ColossusTech: It provides technical assistance to global clients, helping them reduce wastage and improve inspection processes.
•ColossusMeet: ColossusMeet is a platform where business leaders share their professional journeys, and the community exchanges views for maximising and streamlining business. It is the place to connect, learn, and grow.
•ColossusCare: It is a talent acquisition partner. Through ColossusCare, companies can find appropriate talent and connect with experts to meet their business needs. These services collectively provide a comprehensive solution for textile businesses, enabling them to improve their operations, connect with the right partners, and stay competitive in a rapidly evolving industry.
•ColossusEDGE: It is an innovative and forward-thinking financial platform that offers a range of services aimed at enhancing B2B trade and supporting the financial needs of businesses. One of its core features is the seamless onboarding of B2B partners, simplifying the process and allowing for efficient collaboration. Additionally, it empowers businesses by providing generous credit lines of up to 330 days, fostering flexibility and liquidity. This extended credit period is particularly advantageous for MSMEs and mid-sized corporations, enabling them to leverage the sanctioned CTMONEY for their raw material procurement and other necessary purchases. ColossusEDGE is driving financial inclusivity and efficiency, making it a valuable partner for businesses of all sizes in their trade endeavours.
Can you share some examples of how the company has contributed to making businesses more sustainable in the long term?
The flow of information within the textile industry has historically been constrained by traditional trade practices, with certain cities or countries specialising in specific products while the rest of the world imports these items. This setup often limits the growth of these products because the pricing of imported goods becomes more expensive due to customs barriers.
Our strategy is to promote the local production of innovative products in every city or country, provided they have access to the necessary raw materials and technological expertise. For instance, in India, the production of sports shoes was limited due to the unavailability of crucial raw materials for creating shoe uppers. We took an innovative approach by maintaining local inventories in various parts of the country and globally, which has contributed to India becoming the world’s second-largest producer of shoes.
We are replicating this successful model in Turkiye and Peru. Moreover, we are applying a similar approach to the blanket and carpet segments, introducing new products that are used in other parts of the world but are rarely seen in other markets. We do not just supply raw materials; we offer comprehensive services, including consulting, execution, and assistance in finding target markets for finished products.
By providing these services, we aim to make these businesses sustainable and encourage them to continuously innovate their products, fostering a vision of ongoing improvement.
What role does technology play in your supply chain management solutions, and how has it evolved over time?
Technology plays a pivotal role in modern supply chain management solutions, and its evolution has been transformative over time. Initially, supply chains relied on manual processes and paper-based systems, leading to inefficiencies and limited visibility. However, with the advent of digital technology, supply chain management has undergone a significant evolution.
In the early stages, technology introduced basic automation with the use of spreadsheets and basic software for inventory tracking and order management. The evolution continued with the implementation of Enterprise Resource Planning (ERP) systems that integrated various functions within the supply chain, enabling better coordination and data sharing.
The most profound transformation came with the rise of advanced technologies like Internet of Things (IoT), big data analytics, artificial intelligence (AI), and blockchain. IoT sensors provide real-time visibility into the movement and condition of goods, optimising logistics and reducing the risk of disruptions. AI-driven algorithms enhance demand forecasting, route optimisation, and inventory management, leading to cost savings and improved customer service. Blockchain ensures transparency and security in supply chain transactions.
Furthermore, cloud computing and Software as a Service (SaaS) solutions have made supply chain management more accessible and scalable. Mobile apps and digital platforms allow for real-time collaboration among stakeholders across the globe.
Technology in supply chain management has evolved from manual processes to highly sophisticated, data-driven, and interconnected systems. This evolution has enabled companies to streamline operations, reduce costs, enhance customer service, and respond more effectively to dynamic market demands. The future promises even more advancements as technology continues to shape the supply chain landscape.
Could you elaborate on the global presence of ColossusTex and how it has impacted the company’s growth and strategy?
ColossusTex has established its own offices in key locations such as China, Vietnam, Uzbekistan, Turkiye, and Singapore. With exports to over 35 countries, we have cultivated a network of partner agents in each destination to represent our products. We are actively involved in major textile events and exhibitions worldwide to enhance ColossusTex’s global presence. Additionally, we operate warehousing facilities in three countries, ensuring convenient access to value-added and specialised products for local customers.
Our presence in Singapore, a prominent financial hub in Asia, enables us to provide long-term support to our customers. ColossusTex’s approach revolves around global accessibility, sustainable trade practices, and proactive marketing. With our expanding global footprint, we aim to raise the bar each year.
How does ColossusTex differentiate itself from other players in the textile supply chain management industry?
By employing state-of-the-art technology, effective sourcing and assertive marketing, our experts strive to provide companies with the best outputs in these experientially led times. Over the collective experience of 25 years, our team has built niche across various verticals of the textile industry. With global establishments in 7 countries and clientele in more than 35 nations, we stand tall with a close-knit community of manufacturing partners, buyers and service providers. While we provide exemplary services, we have obtained empowering customer testimonials. Our promise is to deliver high end quality, robust logistics management and cost optimisations that channelise into an unforgettable consumer journey.
Our key USPs that differentiate us from other players are as follows -
•Effective Sourcing: We offer effective sourcing of raw materials and finished products. We have a well-established network and the ability to find the best sources for our clients, potentially resulting in cost savings and quality improvements.
•Expertise: ColossusTex team has 25 years of collective experience in the textile industry, which includes working across various verticals. This expertise helps us to provide valuable insights and solutions to the clients’ specific needs.
•Global Presence: With establishments in 7 countries and clients in more than 35 nations, ColossusTex emphasises its global reach. This widespread presence allows us to tap into diverse markets and resources, potentially offering unique advantages to our clients.
•Transparency: Our commitment to transparent trade policies and the use of advanced analytics showcases a dedication to accountability. This is an attractive feature for our clients who want clear and reliable business partnerships.
•Sustainability: ColossusTex also underscores its commitment to sustainability. This is a growing concern in many industries, including textiles, and our company’s ability to provide sustainable goods and services sets us apart from competitors.
•Cost Optimisation: The promise of cost optimisation is an important factor for clients looking to reduce expenses and improve profitability. Our emphasis is on cost-effectiveness focused on delivering value to the clients.
•Robust Logistics Management: Our robust logistics management system highlights our capability to efficiently manage the movement of materials and products, which is crucial in the textile supply chain.
Could you share your thoughts on the challenges and opportunities presented by the digital transformation of the textile supply chain?
The digital transformation of the textile supply chain brings forth a host of challenges and opportunities that have a profound impact on the industry.
Challenges:
•Complexity and Integration: The textile supply chain is multifaceted, involving various stakeholders, from raw material suppliers to manufacturers and retailers. Coordinating this complex web of players can be a challenge.
•Data Security and Privacy: With increased digitisation comes the risk of data breaches, especially when dealing with sensitive information like designs, intellectual property, and customer data.
•Cost and Accessibility: Smaller players in the industry may struggle with the initial investment required for digital technologies. Additionally, ensuring equal access to these tools can be a challenge.
Opportunities:
•Efficiency and Transparency: Digital technologies enable real-time tracking, reducing delays and wastage. Transparency is improved, as stakeholders can access information on the status of orders and inventory.
•Sustainability: The textile industry is under scrutiny for its environmental impact. Digitalisation can aid in better resource management, reduced waste, and improved sustainability through data-driven decisions.
•Personalisation: With digital tools like AI and big data, companies can better understand customer preferences and offer more personalised products and experiences.
While the digital transformation of the textile supply chain presents complex challenges, it offers significant advantages in terms of efficiency, sustainability, and customer satisfaction. To navigate this transformation successfully, companies must invest in the right technology, prioritise data security, and ensure accessibility and inclusivity across the supply chain.
What advice would you give to aspiring entrepreneurs looking to enter the textile industry or start their own businesses?
My suggestions to all new entrepreneurs who aspires to start a venture in the textile industry would be:
•Address a problem you have personally encountered as a consumer.
•Introduce fresh concepts at least twice a year to stay innovative.
•Place a greater emphasis on functional textiles.
•Dedicate relentless effort until you attain your goals.
Lastly, what is your vision for the future of ColossusTex, and what goals do you hope to achieve in the coming years?
In the next five years, our aim is to:
⁃Have more than 15 warehouses globally near all textile centres
⁃Record annual sales of $500 million by 2027
⁃Our flagship Mobile app to have more than 10K active users
⁃ColossusTex to be seen in the market as solution provider more than a product seller.
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