Décor and retraced aim to aid fashion’s biggest players to build transparent supply chains.
The partnership is building a chain-of-custody traceability tool that provides retailers and brands visibility and transparency into supply chain and material origin, including the ability to retrieve all relevant documents needed to prove fiber provenance. These parties will create an enterprise-scale platform solution that helps relevant supply chain stakeholders trace and collect the verified documentation needed for risk assessment, reporting, and compliance management.
Michael Cai, Director of Operations & Supply Chain of Décor, calls this the “next evolution in supply chain management.”
“We see significant potential in retraced and their platform. This partnership not only allows us to be more proactive and automated in our supply chain data management, but it also enables us to provide instantaneous traceability details to our brand and retail partners through a robust reporting capability. What may have taken days of searching through and consolidating documents can now be pulled in seconds.”
This announcement follows a successful 6-month pilot period. Retraced onboarded Décor’s primarily supply chain partners to the proprietary sustainability management platform and helped to digitize and automate the documentation process. To serve both the current regulatory requirements and future market demands of fiber supply chain transparency, the two companies decided to scale the project to ensure that Décor’s supply chains and materials will be fully traceable.
The tool will be live and globally accessible in April 2022. In August 2022, Décor and retraced partners will be able to access all needed regulatory and compliance information for their supply chains.
“We started working with our brand and textile partners in 2019, we’ve seen that companies need a way to retrace their production footsteps and find out where their products are made. Tracing is critical to understanding accountability in supply chains, and we’ve always had this in mind when building retraced,” says Peter Merkert co-founder and CTO of retraced. “Now regulators and governments are making tracing and risk monitoring a requirement for the industry. Our partnership with Décor is the perfect launching point for an enterprise-grade traceability solution that skips all unnecessary and impractical bells and whistles and goes directly to addressing both an industry wide transparency problem and a specific business compliance need.”
“Transparency is critical in the ever-evolving dynamics of the fashion industry. In addition to the regulatory requirements in different countries to which we ship goods, the global consumer is raising their expectations of how a product is made and what it is made from,” states Michael Cai, Décor. “Responsible sourcing practices and transparent supply chains are not trends; they are the expectation. For a company that sources and produces materials all over the world, it’s our job to lead by example and bring our supply chain partners along on the journey. To Decor, this isn’t about compliance. It’s about being a responsible global role model.”
For more such updates and perspectives around Digital Innovation, IoT, Data Infrastructure, AI & Cybersecurity, go to AI-Techpark.com.
