Last week was our Western Cape Field Trip and our entrepreneurs got to see what it takes to reach eCommerce excellence at the SPREE headquarters. Now, this week was all about logistics. How do you get your products from your warehouse to your customers? How do you keep track of your inventory?
Business logistics is an important aspect for fashion entrepreneurs, as typically, we’ll deal with lots of small orders spread geographically. That’s why we kickstarted the module with the masters of logistics DHL to share practical insights on the matter with Compliance, Customs and Regulatory Affairs Director Jason Blackman and Head of eCommerce operations Varun Cheemra.
“Do your homework and research the customs regulations for each country you’re trading in. Although it’s time-consuming, it will save you a lot of money.” – Jason Blackman. #ThreadsbySB
When it came to inventory management, Merchandising Expert Manon Egging shed some light on how global brands such as Levi’s EU, Diesel, DKNY and Esprit handle their stock.
Soon after Eckart Naumann, Independent consultant and ‘Trade Law centre’ associate explained the many rules of international trading relating to the AGOA agreement. From faster import clearance, duty savings, unpacking #AGOA and more!
“If you’re tapping into the American market, look into the AGOA. Your product might be eligible for duty-free shipments” Eckart Naumann. #TreadsbyBS
Last but not least, the logistics behind franchising were revealed thanks to guest speaker Simon Schaffer, who has driven the African expansion of global brands such as KFC, Andiccio24 and more.
That’s it for week 11 of the Business of Fashion Accelerator Program, Threads Stitched by Standard Bank. Stay tuned for next week’s module on Humann Resources.