Navigating Global Challenges in Fashion Industry with Air8’s Flexible Factoring Solution

 

The global fashion industry’s supply chain faces unique agility challenges compared to other industries due to rapid trend changes, long production cycles, short product lifecycles, complex global sourcing and distribution and the quest of minimizing environmental impact. These factors create a highly dynamic environment that requires fashion manufacturers to be exceptionally agile in optimizing their supply chain operations. Agility and resilience become crucial elements for manufacturers to adapt to the constantly shifting market demands.

Lack of Accessible Fund and Supply Chain Insights for SME exporters
SME exporters often face challenges due to limited access to funding and supply chain insights, struggling to secure the fund for supply chain modernization and expansion, hindering their ability to invest in technology, sustainability and explore new markets.

It is not easy for SMEs to negotiate with international brands over payment terms, impacting their working capital.

Unlike the big corporations, the SMEs are in lack of comprehensive supply chain visibility, SMEs cannot make informed decisions or respond effectively to the changes. Furthermore, the resource constraints make it difficult for SMEs to quickly adapt their supply chains to the industry’s rapid changes in consumer preferences and regulations.

How a SME Garment Manufacturer in India Grows with Flexible Trade Finance

Ram Coir Mills, a thriving garment manufacturer in India, found itself facing a stressful cashflow crunch that might disrupt its operations. That’s when Syamjith, the company’s Accounts Manager, turned to Air8’s invoice factoring service to navigate the financial turbulence.

“Air8’s factoring service for my outstanding bills proved to be an absolute lifesaver in a time of urgent financial need,” Syamjith shared.  Like many SMEs, Ram Coir Mills often grappled with the challenge of maintaining a steady cash flow when customers delayed the payments that strained the operation of the business. Syamjith was impressed by Air8’s streamlined process and user-friendly online platform, which made it incredibly easy for him to submit invoices and receive the funding quick, without the hassle of lengthy approval processes that often plague traditional financing options.

“Their streamlined process and user-friendly platform made it incredibly easy for me to submit my invoices and receive quick funding, without the hassle of waiting for lengthy approval processes,” Syamiith noted.

Transparent and flexible factoring services to improve cashflow

What truly set Air8 apart, however, was their flexibility and willingness to accommodate Ram Coir Mills’ unique situation. “What truly impressed me is their flexibility and willingness to accommodate my unique situation, providing personalized solutions tailored to my specific needs,” Syamjith explained.

Air8’s team worked closely with the Ram Coir Mills team to understand their challenges and crafted an invoice factoring solution that addressed their financial need.  Syamjith was further reassured by Air8’s transparent fee structure and the responsiveness of their customer support team.

 

“Their transparent fee structure and responsive customer support team further solidified my trust in their service,” Syamijth said. “Thanks to Air8, I was able to bridge the gap in my cash flow and keep my business operations running smoothly. I highly recommend Air8 to any business looking for a reliable and efficient factoring solution.”

 

Leveraging innovative financing to foster growth

Ram Cori Mills‘ experience with Air8 underscores the transformative impact that innovative financing tools can foster growth and resilience of SMEs. With Air8’s support, Ram Coir Mills is empowered with confidence in planning new growth opportunities and thrive in a dynamic market environment.

 

Talk to Air8 for supply chain finance and insights: https://air8.io/contact