Page 111 - InterloopAnnualReport2020

shoring. Fast fashion demand patterns are challenging social responsibility towards communities and factors
delivery timelines and cost pressures continue to impact impacting the environmental significantly influence the
manufacturers around the world. performance of the Company.

To manage these challenges, Interloop Limited has At Interloop, we continue to monitor the impact of
strategized to increase profitable turnover by onboarding government policies on Pakistan’s economy at large and
new customers in hosiery and diversifying into adjacent textile sector in particular and provide valuable inputs to
product categories including Denim, Seamless and regulatory bodies, government’s trade and economic
Knitwear. We are managing our cost base efficiently by committees, think tanks and advocacy bodies. We continue
focusing on improving productivity, reducing input costs, to augment ‘country of production’ opportunities to minimize
improving equipment efficiency, reducing wastage and impact of political instability.
improving our energy efficiency. We are working on reduced
lead times in sampling and manufacturing by streamlining We regularly monitor economic factors affecting the
our processes, innovating our ways of working, digitizing performance of the Company and to mitigate any risks,
our supply chain, and driving efficiency & sustainability in we have taken measures, including currency hedging /
our manufacturing operations, with the aim to be the fastest factoring, cotton procurement led by the cotton procurement
in South Asia. committee, investment in securities and workforce planning
through the HR committee.
To achieve this, we have invested in new manufacturing
plants and new categories, in teams’ learning & To bring about a positive change, Interloop is investing
development on lean tools and manufacturing excellence, in education, health, sports and many other community
in new technology including digital tools for design & initiatives. We are also focused on the well-being of our
development, automation tools including Robotic Process employees and their families and earmark funds every
Automation, Block Chain, etc. to improve speed of year to be spent on welfare activities includes grants,
transactions. We are deploying experienced leadership scholarships, etc.
teams to new ventures as well as engaging subject matter
experts from national and global talent pool, deploying Our Corporate & Legal Affairs and EHS teams ensure
trained teams on process improvement and interacting with compliance with all legal & regulatory requirements.
international apparel associations, ensuring presence at The Company ensures compliance with applicable
global seminars & conferences and developing effective environmental laws and regulations and also takes
marketing campaigns. additional steps to minimize its environmental impact,
including; reducing GHG emissions, Water & Chemical
Political & economic instability, gaps in technology usage, and increasing the use of Sustainable raw materials.
utilization, compliance with legal & regulatory requirements,

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