Interloop Limited launched its Vision 2025 in July 2021 at a prestigious ceremony organized at Serena Hotel, Faisalabad. Top to Middle Management were present at this engaging event where Key Members of the Management Committee briefed the audience about the New Vision and its Key Focus Areas.
Navid Fazil, CEO, Interloop Limited talked about company’s performance over the previous year by achieving USD 351 million revenue; a 51% breakthrough growth, with 40% growth in Hosiery and Yarns, and USD 40 million added by the new business categories. He appreciated the teams for performing extremely well despite the challenges posed by the COVID-19 pandemic and upraised the audience that 95% of the people at Interloop have been vaccinated. He highlighted that Hosiery continued to be the source of strength and credibility for Interloop and the new categories had been instrumental for the company’s diversification strategy. And as Vision 2020 tenure ended very close to the target, a solid foundation has been laid for Vision 2025. He underscored the fact that everything we do at Interloop is guided by our Mission “To be an agent of positive change for the stakeholders and community by pursuing an ethical and sustainable business.
Navid launched Vision 2025; “To become a Full Family Clothing Partner of Choice”. Talking about ‘Full Family Clothing’, Navid explained that we will work towards maintaining our leadership in the Hosiery business and will replicate the same success in denim, apparel and seamless products. We aim to double our revenue to USD 700 million by FY 2026, from a baseline of FY 2021, by offering products across all ages, genders and abilities. For this, we will be investing USD 300 million over the next five years; adding a fully vertical knitwear apparel facility, a seamless facility, a denim fabric mill, a sixth hosiery plant, and expand our spinning and yarn dyeing capabilities.
Talking about becoming ‘Partner of Choice’, Navid mentioned about providing exceptional customer service to the clients. He underscored five Key Focus Areas to achieve Vision 2025, including provision of Value Added Services and continuing to lead the way in Responsible Manufacturing. He emphasized that to successfully deliver our strategy, we will unleash the potential of our People by Building a Diverse, Inclusive and Engaged Workforce, creating a high-performance organization. This will be enabled by our Digital Transformation and by an Agile and Lean mindset across all aspects of our business. He also introduced the five Management Committee Members who will be leading these Key Focus Areas towards achieving Vision 2025.
Masooma Zaidi, VP Hosiery Sales who is leading the strategic focus area ‘Value-Added Services’ said on the occasion that we aim to be a Partner of Choice for our customers by offering value added services including trends and analytics, design services, collaborative planning, forecasting, warehousing and logistics. We will grow our long term relationships and bring onboard new customers offering superior customer experience and service. We will generate a quarter of our business through value-added services, building and expanding our capabilities in Pakistan, Europe and North America.
Faryal Sadiq, VP Sales & Marketing, spearheading ‘Responsible Business’ also shared her thoughts at the occasion. She said that our commitment to sustainability is deeply rooted within the company’s Mission, creating benefits for all our stakeholders – a Partner of Choice for all. She highlighted that Interloop will continue to lead with purpose, creating positive change for our communities. We will invest 4% of profits into creating inclusive and fair opportunities for community well-being through education, sports and health. She informed the audience that Interloop has elevated its commitment to the environment by joining Fashion Industry’s Charter for Climate Action under the auspices of UN Climate to drive net-zero GHG emissions by 2050. Faryal added that we will work towards a target of 25% GHG emission reductions by FY2026 through large scale roll out of renewable and clean energy and promote environmental programs throughout our operations. We will amplify our sustainable product offering, targeting 7 out of 10 of our raw materials to be from sustainable sources, reducing water consumption by 25%, diverting 100% of our waste from landfills and ensuring zero discharge of hazardous chemicals, she said.
Saira Khan, SGM Strategic HR and L&D, leading the ‘People’ focus area exclaimed that we will be working towards building a diverse, inclusive and engaged workforce, creating a high-performing organization. She added that we will achieve our vision by truly unleashing the potential of our people, as our vision sets out to be a Partner of Choice for all stakeholders, particularly for our people, who truly are the fabric of the organization. Vision 2025 will create multiple growth opportunities for our people across a diversified set of roles ensuring career growth and development. We will work on developing required capabilities to deliver business growth by attracting, retaining and developing our talent on competencies required for the future. We will take on the challenges in achieving our vision by building on systems that boost employee engagement. We will ensure that we build a diverse, equitable and inclusive workplace with equal opportunities for all.
Yaqub Ahsan, Chief Information Officer, heading Digital Transformation said that we will drive efficiencies through digitalization and provide transparency to our customers with real-time information. Technology will be one of our primary enablers in our journey to be bigger and better. We will improve productivity through digitalization and automation including; Digital Design and Development, Digital Supply Chain and fully integrated ERP, Industry 4.0 inspired manufacturing, real-time Data Analytics for decision making and transparency, AI based decision making and digital engagement with our partners.
Aqeel Ahmad, VP People & OD who will be accelerating Agile Manufacturing shared his thoughts by saying that we will double down on our efforts to create an agile organization, retaining our competitive position as a responsive high-quality manufacturer. We will be focusing on built-in quality whilst reducing development and production lead times, applying lean manufacturing tools and mindset throughout the organization, achieving economies of scale.
In line with Vision 2025, Interloop’s new logo was also launched during the ceremony which reflects the rich heritage, strong business position and future aspirations of the organization. The new corporate video was also showcased at the event. Towards the end, Sohail Zindani; a talent and performance consultant involved the audience in team activities and shared interesting insights from business as well as life in a very interactive and joyful way, communicating important learnings, effectively. Humayun Khan, General Manager, Corporate Communication facilitated the event and appreciated the attendance and focus of leadership and stakeholders for making it a successful occasion with the vow to achieve targets for Vision 2025.
