Busen Will Implement "Fashion Industry New Retail + New Chain Fusion" To Develop New Economy.

As China's economy has entered a relatively stable period and the competition pattern is generally stable, competition in the field of fast moving consumer goods is becoming increasingly fierce. People's consumption concept is changing rapidly. Based on this, Busen shares has drawn up a new development strategy -- fashion industry new retail + new chain fusion, committed to the "100 billion new economy of the world's leading fashion industry and supply chain finance technology application".

Busen shares in Zhuji, Zhejiang, has set up the first supplier Conference on the theme of "building the industry in the future" for more than 80 textile and garment industry suppliers and potential partners from all over the country, and vigorously promoted Busen's supply chain finance brand. Busen said that this conference is not only an ordinary promotion conference, but also the introduction of domestic first-class information technology enterprises as partners. It aims to win the monopoly position of Zhejiang's apparel supply chain finance.

"The development of our main business, whether it is brand upgrading or category development, is always inseparable from the integration of resources in the industrial supply chain. Our supply chain financial services will not only provide the necessary financial support for the supply chain partners, but also provide some trading structure design and provide strategic support." Luo Hongping said.

The fashion industry has a short product cycle and large seasonal fluctuations, resulting in a backlog of inventory and a slow flow of funds in small and medium-sized textile and garment enterprises. At the same time, the clothing industry is considered to be a low profit labor intensive industry, and small and medium-sized textile and garment enterprises are hard to get the favor of investment institutions. Based on this situation, Busen is committed to making capital blood flow to supply chain entities in a low cost and precise way through financial innovation, thus forming a positive cycling financial ecosystem. According to the refined data model, Busen will grasp the operation and profitability of the financing enterprises in real time, and truly realize quantitative credit, so that garment supply chain finance can get rid of the traditional wind control means such as mortgage and guarantee, and build a garment industry chain ecosystem with a combination of industry and finance, and win win development. It will boost industrial spanformation and upgrading and supply side reform.

For the future, Busen said: I hope suppliers will have enough confidence to carry out deep strategic cooperation with Busen, and create a new situation of supply chain cooperation, win-win cooperation and development through financial science and technology, so that every participant can get tangible benefits.

Source: China net