2015 Private label sourcing survey

41 %
59 %
Information about 2015 Private label sourcing survey

Published on September 30, 2015

Author: DeloitteUS

Source: slideshare.net

1. 2015–2016 Private Label Sourcing Survey Shifts in countries and capabilities Deloitte’s 2015–2016 Private Label Sourcing Survey highlights shifts in market trends and uncovers leading Private Label sourcing practices. The survey remains one of the largest and most comprehensive Private Label sourcing studies to date. As used in this document, “Deloitte” means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting. Key Private Label Sourcing Pressures Shifts in Source of Supply Raw material cost increases and/or volatility Demand for increased speed to market Evolving product trends causing shifts in consumer demand Cambodia, Bangladesh, Indonesia and Thailand all showed growth from 2013 to 2015 but are forecast by respondents to decrease in popularity over the next two years Private Label accounts for more than $1 in every $6 of spend in the United States* 1 2 3 4 5 6 7 8 9 10 Below top ten Bangladesh Canada Cambodia Indonesia Hong Kong Thailand Vietnam Italy Chile India Mexico China Brazil Vietnam China Mexico Cambodia Bangladesh Hong Kong Indonesia Thailand Italy India Chile China Canada Mexico India Italy Hong Kong Brazil Chile Indonesia Bangladesh Cambodia Thailand Vietnam 20152013 2017 (expected) Brazil Canada * The state of Private Label around the world (Nielsen, November 2014) It’s not just about cost anymore: Last survey, the top 3 pressures were cost-related. This year, it’s a mix of cost, quality and speed to market All strategies point to deeper, more strategic partnerships. With 76% retailers already or planning to consolidate vendors, the industry is placing bigger bets on fewer manufacturers. China and Mexico remain consistent top sources, with Vietnam rising fast. Strategic Responses Top 3 Emerging Responses: 32% Reshoring production to domestic vendors 28% Implementing vendor performance management Top 3 Currently Employed Responses 60% Enhancing quality assurance programs 57% Use of advanced planning/scheduling 29% Aligning metrics and systems to foster supply chain partner collaboration 60% Engagement in innovation/product design/R&D collaboration with vendors Only 50–70% of surveyed retailers reported success with reshoring Survey Respondents 388 respondents acrossthree categories: 50%+ of respondentshave annual revenue greater than $1B 70 countries noted assources of supply Apparel General Merchandise GroceryRetail Trends Driving Private Label’s Importance Private Label sourcing is helping retailers navigate these trends through greater control of the assortment, visibility to the supply chain, and deeper supplier partnerships. Innovating across the retail ecosystem Omnichannel operating model Customer insights Regulatory pressures Conscious consumerism

2. This publication contains general information only and is based on the experiences and research of Deloitte practitioners. Deloitte is not, by means of this publication, rendering business, financial, investment, or other professional advice or services. This publication is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your business. Before making any decision or taking any action that may affect your business, you should consult a qualified professional advisor. Deloitte, its affiliates, and related entities shall not be held responsible for any loss sustained by any person who relies on this publication. Copyright © 2015 Deloitte Development LLC. All rights reserved. Member of Deloitte Touche Tohmatsu Limited. About The 2015–2016 Private Label Sourcing Survey was conducted online by Deloitte in 2015. Over 388 respondents provided input across three spend categories (Apparel, General Merchandise and Grocery). Because respondents could submit responses for multiple sub-categories, over 700 responses were collected. Approximately 53% of respondents are from companies with annual revenues greater than $1B, and 42% of the companies represented have more than 10,000 employees. Learn more Visit us: www.deloitte.com/us/2015privatelabel Engage Follow us on Twitter: @DeloitteCB #PrivateLabel15

Add a comment

Related pages

2015-2016 Private Label Sourcing Survey Shifts in ...

Contents Introduction1 The growing importance of Private Label 2 Private Label objectives 3 Private Label sourcing pressures 4 Private Label sourcing ...
Read more

2015-2016 Private label sourcing survey | Deloitte US ...

Get a snapshot of some of the key findings of the survey, including: Key retail trends driving the importance of Private Label sourcing, including the rise ...
Read more

Wabel – Private label sourcing

private label sourcing. LOG IN; JOIN TODAY; ... WABEL HPC SUMMIT 2015. ... Wabel accelerates sourcing of white label products.
Read more

Status and Trends in Private Label Product Sourcing

Private labels in the emerging ... Regions for Sourcing Private Label Products. The survey findings suggested that smaller companies are more likely than ...
Read more

2-26-2015 FBA Private Label Sellers Hangout - Nancy ...

2-26-2015 FBA Private Label Sellers Hangout ... Tips For Sourcing Private Label Products In China With Nancy Ramirez (9 Year Vendor) ...
Read more

Welcome to Apparelsourcing USA

International Apparel Sourcing Show; For attendees; Welcome ... contract manufacturing and private label development. ... for three days of sourcing, ...
Read more

Shanghai 2015 - Welcome to PLMA

At the 2015 Shanghai Private Label Fair, ... including the International Sourcing Fair and the Private Label Fair. PLMA MEMBER EXHIBIT RATES
Read more

Private label sourcing survey: Strategies to differentiate ...

Private label sourcing survey: ... retailers are looking to Private Label sourcing to drive more differentiation on the shelf and to ... 2015; 2014; 2013;
Read more

Sourcing Journal -

Sourcing Journal is the premiere trade publication for apparel and textile executives focused on sourcing ... Sourcing Journal ... team of labels.
Read more