Brandix honours suppliers at Vendor Summit

Brandix recently honoured its top supply chain partners in FY 2015-16 at a Vendor Summit in Sri Lanka. The top 100 vendors from 14 overseas locations attended the summit.

The top award of the night - presented to Brandix's Vendor of the Year - was won by Pacific Textiles Ltd., while the award for the Best Stall at the Vendor Road Show that preceded the summit was won by Coats Thread Lanka (Pvt) Ltd.

Presenting these key suppliers with an insight into the dynamics that propel the industry and a glimpse into the future, Brandix forecast it would double sales in the next five years, through a concentration on speed, quality, innovation and price, the company said in a release.Brandix had 530 vendor partners on its supply chain when the Group hosted its last Vendor Summit in 2011. While its business grew by 63% in the five years that followed, the number of vendors supplying raw materials reduced to 350, and could fall to 150 by 2020, the summit was told.

Brandix Group Chairman Priyan Fernando in his keynote address titled 'A journey to best-in-class, said, "Our industry is one of intense competition where the dynamics are highly emotional on the one hand, and quite rational on the other. Brandix recognises both elements, the emotional and the rational, in its effort to produce phenomenal products better, faster and cheaper."