Constant Ups & Downs
The textile spinning industry is straddled between extreme scenarios undergoing turmoil followed by resilience and raise. Spiraling cotton prices, falling margins, non-level playing fields in the market, power crisis (in some parts), lack of technology upgradation and poor government policies are some of the major contributors that affect growth. While some of the reasons are external which are beyond a single entity’s purview, some of them are internal to an organization and attributed to how one responds to the varying situations. Our success is determined by our dynamism to change ourselves and keep us ahead of the competition.
Where small lenience means big
The industry is traditional but today it’s all about modernization. Automation plays a very crucial role here. Rather than investing in technology and sophistication of machineries, automation here emphasizes on the systems and processes we adopt. We need to consistently focus to ensure that our capacity is utilized to its fullest potential, our workforce deliver their maximum performance, inventory levels are always optimized, a quick market response, etc.
From raw material sourcing to yarn production; from packing to dispatch, IT plays a crucial role. In the spinning industry, everything should be prepared and well planned that even a 1% wastage control would mean a lot.