A new report on a “shared risk/reward” approach intended to improve supply chain flexibility, sustainability, and financial productivity in the fashion sector will be released by the International Apparel Federation (IAF) and the International Trade Centre (ITC). On 31st October, a webinar will be held to present the report, which is titled Under the Banyan Tree: Buyers and Suppliers in Fashion.
Key findings from the research, which was written by John Thorbeck, will be presented during this 45-minute online event, which will also include conversations with well-known business executives. In order to increase market and social value, the webinar attempts to demonstrate how manufacturers can integrate sustainability activities into their supply chain operations.
Six case studies from a range of product and market categories are included in the paper to highlight practical uses of the shared risk/reward paradigm. Brad Ballentine from MAS Holdings is one of the speakers scheduled to take part. He will discuss how supply chain agility can lead to both social and business consequences. PlatformE’s Gonçalo Cruz will examine how supply chain flexibility might be improved by digital 3D technologies. Syrup Tech’s James Theuerkauf will also talk about how AI-driven planning may support sustainable initiatives while assisting brands in reducing inventory and demand risk.
Overproduction is a major deterrent to investing in sustainable practices, the report emphasises, underscoring the crucial connection between sustainability and financial productivity. An important step in creating a more robust and accountable fashion business is this project.
