17. March 2020
Picture this: Picture your home. Picture your friends and family sitting at the dining table. The salad bowl is being passed across the table. Picture the surrounding area around your home. Picture living next to a textile or chemical factory. Picture the wastewater discharge pouring into your yard. Picture the wind carrying the factory’s air emission through your open window.
Our CEO, Jill Dumain, asks, “Would I want to work at this company and live in this community with my family? People in companies need to source products like they are living next door to their suppliers.”
Supply chain transparency is the solution that will bring clarity to industry players and end consumers. What McKinsey & Company have called “radical transparency” in The State of Fashion 2019 issue is an extensive look at the totality of transparency that is possible throughout a supply chain; from product origin, fair labor practices, sustainable resourcing, and environmental impact, all this can be made transparent through a well-managed supply chain.
McKinsey notes three key focus areas that the industry will undertake. Firstly, they foresee companies initiating extensive and rigorous audits of their business and supply chain. Secondly, brands will invest to improve their problem areas, while also highlighting their strengths and best practices. Lastly, they expect social and environmental impact reports to increase in importance and become more comprehensive.
In this globalized world, out of sight is no longer out of mind. Jill states that she wants the industry and the world to evolve from a “me” centered society, to a “we” community. It is clear that supply chain transparency can make this possible.