Up Close: In Conversation with Republic Business Credit's COO Matthew Begley
Up Close is Sourcing Journal's regular check-in with industry executives to get their take on topics ranging from their company's latest moves to personal style. In this Q&A, Matthew Begley, chief operating officer at commercial finance firm Republic Business Credit, discusses AI's role in building more sustainable supply chains and how his company is supporting retailers' omnichannel operations.
Name: Matthew BegleyTitle: Chief operating officerCompany: Republic Business Credit
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Which other industry has the best handle on the supply chain? What can apparel learn?
The consumer electronics industry has a strong handle on supply chain management with advanced forecasting, vertical integration and transparency. Companies like Apple use artificial intelligence (AI) to predict demand accurately, which reduces waste—something from which the apparel industry could benefit. Many of these companies also control their supply chains to ensure quality and flexibility, while tracking systems improve transparency. Apparel companies can learn from these strategies to create more resilient, tech-driven supply chains that can quickly adapt to consumer demand.
What should be the apparel industry's top priority right now?
The apparel industry should focus on building a more resilient, demand-driven supply chain to reduce waste and improve profitability. By leveraging AI for better forecasting, diversifying suppliers and investing in nearshoring, companies can increase flexibility. Sustainability and real-time visibility are also key to meeting consumer expectations and adapting to disruptions. Focusing on these areas will help brands stay competitive in an ever-evolving market.
What innovation or development holds the greatest potential to improve operations in the apparel and textile industries?
AI-powered demand forecasting and supply chain automation are two innovations that can significantly improve operations in the apparel and textile industries. AI helps predict trends accurately, reducing overproduction and markdowns. Automation in manufacturing, from robotic sewing to digital printing, can increase efficiency and lower costs. Additionally, sustainable materials, like bioengineered fabrics and textile recycling, will help reduce environmental impact while meeting consumer demand for eco-friendly fashion. Together, these innovations can make the industry more agile, cost-effective and sustainable.
Tell us about your company's latest product introduction:
As omnichannel sales become more prevalent, we've developed financing products designed to help our clients manage and grow their omnichannel operations. These solutions are tailored to support businesses across the country as they navigate multiple sales channels, offering the financial flexibility they need to optimize their operations across both traditional and digital platforms. Our financing solutions help companies adapt to a rapidly changing retail environment and stay competitive in today's market.
How would you describe your corporate culture?
Our corporate culture is all about working hard, staying persistent and having fun. We push through challenges to get results, but we also make sure to enjoy the process and maintain a positive, team-oriented environment.
What's the best decision your company has made in the last year?
The best decision we made in the last year was investing in people who are helping shape the future of the business. Bringing in the right talent has allowed us to take on more projects and execute them more effectively.
Where do you look for personal style inspiration?
I grew up in San Diego, so my style has always been laid-back and casual. Living in Los Angeles, I'm also influenced by the city's unique blend of street style and coastal fashion. It's all about comfort, practicality and blending in with the local culture, while keeping things simple.
How do you shop for clothing? How would you describe yourself as a fashion consumer?
I'm a practical fashion consumer who values convenience and quality. I use Stitch Fix for ease and shop at discounters when I have time. However, I'm always willing to spend more on quality shoes and jackets, and I enjoy shopping at boutiques when I can. Overall, I focus on getting a good value while prioritizing well-made items that will last.
What are the top three product attributes that you factor into your purchasing decisions? And why?
I focus on price, quality and durability. While I'm price conscious, I'm willing to pay more for well-made items that will last. For me, it's about getting value for my money—a balance between affordability and quality is key.
What is a retail experience that stands out to you?
A standout retail experience for me was at a store in downtown Los Angeles that sells architectural salvage. I spent a couple of hours browsing, almost like being in a museum, taking in all the unique items. I ended up purchasing a couple of things for my home that had personal meaning to me. It was a memorable experience, blending discovery with sentiment.
What keeps you up at night?
We need to continuously evolve alongside our clients, adapting to their shifting needs and staying proactive in providing value. As their businesses change, we must offer the right solutions and stay ahead of their expectations to maintain strong, long-term partnerships.
What makes you most optimistic?
What makes me most optimistic is that America continues to support innovative entrepreneurs. As a finance company, our challenge is determining how to best serve these entrepreneurs by providing the right solutions at the right time to help them grow and succeed.
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