A supply chain that is not transparent can lead to continued implementation of unsustainable and unethical business practices, which can undermine a company’s reputation and bottom line.
There are several traditional methods to ensure supply chain transparency.
Andromeda powers the Connected Enterprise by bringing together all departments – Merchandising, Product Development, Sourcing, Compliance, Purchasing, Production, Quality, Logistics, Marketing and Sales – in a single cloud-based solution that connects vendors, suppliers and other providers.
The information collected by the Ethisphere Institute provides a comprehensive sampling of definitive criteria of core competencies in the areas of corporate governance, risk, sustainability, compliance and ethics.
The promised elimination or rollback of federal regulations affecting retailers and other U.S. businesses seems a sure bet as President-elect Donald J. Trump begins working alongside a Republican majority on Capitol Hill.
The election of a new president who has vowed to roll back regulations in many areas — coupled with the majorities in the House and Senate — has many in the apparel, retail and footwear businesses wondering what chemical regulation will look like in the new administration.
What a differentiator it would be if a fashion label could leverage the same technology platform to power compliance efforts and empower consumers with valuable supply chain insights. Get ready, because that reality is near.