Daily LInks
1. Vans Parent VF Works to Lock in Inventory Early as Supply-Chain Issues Linger: VF which doesn’t have its own manufacturing operations, received products from about 265 factories in 36 countries run by independent contractors during the fiscal year ended April 2021, down from 300 factories in 40 countries in 2020. – Read More on the WSJ
2. Risk and resilience in consumer-goods supply chains: Economic insecurity has led to increased price sensitivity, and new shopping habits, including increased deal seeking, trading down to cheaper brands or private labels, and increasing use of value retailers. – Read More on McKinsey
3. Luxury items will get more expensive in 2022, say experts: Luxury goods spending will hit record levels, surpassing pre-pandemic levels, while price hikes for luxury products will continue to occur, with some hitting double-digit increases. – Read More on CNA Luxury
4. Nothing sells online like fashion: The online fashion market in Korea expanded 19.1% in 2021 to $11.6 billion in terms of transactions compared to the previous year. E-commerce platforms specializing in fashion saw sharper growth than general ones, which grew 5.8% to 35.7 trillion won during the same period. – Read More on Korea JoongAng Daily
5. Unreal demand? Irregular sales worth billions fire up wild NFT market: The activity has helped LooksRare generate at least $10.8 billion in trading volume since it launched in early January, according to data provided by market tracker DappRadar. “It’s quite likely that [at least some] this is not real demand, that these trades are not organic.” – Read More on Reuters
6. How Alexandre Arnault Is Shaking Things Up at Tiffany & Co: “Alexandre to me is 40 percent analysis, 60 percent gut feeling; he’s about making it happen today rather than waiting for tomorrow,” says Tiffany CEO Anthony Ledru. – Read More on the WSJ
