Here’s how blockchain will revolutionise the fashion supply chain
With fashion brands soon being legally required to account for sustainability failings in their supply chains, blockchain adoption is on the rise. But is it the silver bullet?
04 April 2024
04 April 2024
With fashion brands soon being legally required to account for sustainability failings in their supply chains, blockchain adoption is on the rise. But is it the silver bullet?
US clothing brand Levi Strauss & Co. (Levi) reported an operating loss in the first quarter (Q1) of 2024, which the company attributed to the discontinuation of its Denizen brand and Russian market exit.
British retail conglomerate Frasers Group, which owns House of Fraser, Sports Direct and Flannels has purchased independent menswear retailer Aphrodite.
US apparel conglomerate VF Corporation has partnered with global retail conglomerate GMG to set up over 300 stores for its brands in the Middle East and North Africa and Southeast Asia over the next five years.
The International Accord in Pakistan is equipping engineers with technical knowledge and practical skills to conduct factory inspections and produce reports for the programme.
Textile Recycling Association (TRA) voiced concerns about the "imminent collapse" of the textile recycling sector due to global market challenges as it calls on the UK government to regulate the industry through an EPR (Extended Producer Responsibility) scheme.
Two thirds of fashion brands are behind on their own decarbonisation targets, however research suggests these brands could reduce their greenhouse gas emissions by more than 60%, using less than 2% of their revenues.
Total Quality Assurance (TQA) provider Intertek has entered a strategic partnership with software company Trace For Good to launch a software as a service (SaaS) platform to improve traceability and sustainability in textile and apparel supply chains.
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