Innovative Supply Chain Management Strategies in Pakistan’s Textile Industry Amidst Global Economic Shifts

Abstract

This study explores the critical factors influencing the competitiveness of Pakistan's textile industry, a key pillar in the national economy. Grounded in Resource-Based View (RBV), Institutional Theory, and Stakeholder Theory, the research formulates and tests hypotheses concerning the impact of technological advancements, governmental policies, global market dynamics, sustainability practices, and supplier relationships on industry competitiveness. Employing a stratified random sampling method, the study gathered responses from 371 industry professionals, ensuring a representative cross-section of the sector. Data was collected through a structured questionnaire and analyzed using advanced statistical techniques. Key findings reveal that technological innovation, supportive government policies, adaptability to global market shifts, sustainable practices, and robust supplier relationships significantly enhance competitiveness. These findings offer valuable insights into the complicated nature of industrial competitiveness, bridging theoretical postulations with empirical evidence. The study's implications are twofold: guiding industry stakeholders in strategic decision-making and informing policy-makers on fostering a conducive environment for industrial growth. Limitations include the study's focus on specific industry segments within Pakistan, highlighting the need for broader, possibly comparative, research in the future. The study's findings have profound implications for industry practices and policy frameworks, advocating for a holistic approach to enhancing the global standing of Pakistan's textile sector.