In today’s climate, it may seem that sustainability is no longer a business priority. Companies have shifted their focus to respond to both a global health pandemic and a social movement of unprecedented scale. With businesses needing to adjust their supply chains, adapt to dramatic changes in demand, and reassess budgets and internal business practices, where does this leave corporate commitments for more sustainable supply chains?
Discussions around supply chain transparency generally focus on brands and retailers—namely, those who directly interact with consumers and whose reputations are at stake when it comes to commitments for responsible sourcing. However, brands and retailers work with many suppliers who form the backbone of their supply chains. Collaboration with these suppliers is important to ensure brand and retailer supply chains meet commitments for transparency, sustainability, and responsible sourcing. The willingness to be transparent about their supply chains, share data with their clients, and implement responsible practices leads to significant benefits for suppliers both in the immediate and long term.
The Fashion Transparency Index reviews 250 of the biggest global fashion brands and retailers and ranks them according to how much they disclose about their social and environmental policies, practices, and impacts. This annual report has become a key benchmark in the industry to better understand how major fashion companies are incorporating sustainability, social responsibility, and transparency into their supply chains.
Transparency-One Director of Marketing KellyAnn Tsai spoke with Food Safety Exchange about the importance of supply chain transparency, its main challenges, and what the future holds.