Home / Knowledge / News / Textiles / Improvement in transparency in US supply chains: Report

Improvement in transparency in US supply chains: Report

01
Aug '18
Courtesy: The Sustainability Consortium
Courtesy: The Sustainability Consortium
It has been observed that there is a rapid year-on-year improvement in the commitment to measure transparency in the supply chains by the suppliers in the United States, says a report by The Sustainability Consortium (TSC). The report on the trends in sustainability is based on the key performance indicators (KPI) that drive the sustainability index.

The 2018 Impact Report, 'Transparent Supply Chains for Better Business' stated that in comparison to the data from 2016 to 2017, fewer organisations chose the KPI response 'Unable to determine at this time'. The average supplier scores increased 3 per cent, from 33 per cent to 36 per cent. While, the number of individual KPI scores between 0 and 10 per cent has decreased from 50 per cent to 48 per cent from 2015 to 2017. The number of KPI scores between 90 and 100 per cent has increased from 22 per cent to 26 per cent from 2015 to 2017.

"In 2017, we saw an unprecedented increase in the implementation of our work, and we saw more companies commit to improve their performance. This is a clear response to the demand signal from retailers, brands and other major purchasers to improve supply chain transparency, understand sustainability impacts and take action to improve. It’s also a positive response to growing consumer demands, and another endorsement of the idea that sustainability is good for business," TSC chief executive Euan Murray said.

TSC’s report also showed that the highest-scoring companies were those that have been working on sustainability the longest. That group has the highest scores, the biggest improvements and the best track-record in transparency and sustainability. It also means there’s a clear path for all other companies to follow.

For the majority of suppliers who did not score in the upper ranges, the best way to improve their score is to improve the transparency of their supply chain. Suppliers who participated in TSC’s training were asked if they had done anything in the past year to improve their sustainability index score, and 88 per cent answered yes, with over half of those suppliers saying that they had engaged their own suppliers around sustainability performance and relevant data, the report revealed.

"The year-to-year comparisons suggest that most companies are to be able to improve their transparency over a period of one to two years. From our experience in working with suppliers, increases in scores have occurred in part because brand manufacturers have improved the systems to increase transparency into what is happening in their factories and supply chains. This is all positive evidence that increasing transparency is happening as a measured outcome," Dr Kevin Dooley, TSC chief scientist, said.

"Over the last three years, Spectrum Brands has worked to improve our scores on the sustainability index, powered by TSC. We saw our scores improve, directly leading to new business efficiencies. We joined TSC not only to support the great work the organisation puts out to help companies like ours improve sustainability efforts and become more efficient, but also to take action on the major issues we face in sustainability today," said Dan Hutter, DVP and chief sustainability officer, Spectrum Brands, said. (RR)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 10th May 2021

India & EU to resume trade negotiations; consider investment pact

India and European Union (EU) have agreed to resume negotiations for...

Pic: Shutterstock

Apparel/Garments | On 10th May 2021

UK retailers halved carbon emissions since 2005: BRC

Leading UK retailers have smashed 2020 carbon reduction targets, with ...

Pic: Champion Thread Company

Textiles | On 10th May 2021

Champion Thread surpasses pre-pandemic levels of production, sales

US-based Champion Thread Company has not only recovered the losses it ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

One thing is certain, online sales will go up

Textile Industry, Head honchos

Textile Industry
Head honchos

Tech in fashion industry has hit acceleration button

Textile Industry, Head honchos

Textile Industry
Head honchos

Social media critical in regeneration of businesses

Chendhuran Sundar,

Chendhuran Sundar

Headquartered at Singapore, Crocodile is a global fashion and lifestyle...

Harleen Kaur,

Harleen Kaur

Established in 2017 and headquartered New York, the label Harleen Kaur...

Yawer Ali Shah,

Yawer Ali Shah

Synthetic colours and dyes were all the rage till the very first ban on...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search