The fourth Industry Playbook, The Data Advantage: A Practical Guide to Building De-risked, Compliant, and Future-Ready Supply Chains, has been released by TrusTrace, a global pioneer in supply chain traceability and compliance. It was unveiled at the Global Fashion Summit in Copenhagen.
This playbook introduces The TrusTrace Compliance CanvasTM, a timely, useful framework created to help brands and manufacturers collaborate more effectively on a streamlined, standardised set of supply chain data, supported by direct insights from industry stakeholders. This is in response to the unprecedented regulatory pressure, increasing climate risk, and growing demands for transparency that have resulted in significant reporting burdens for suppliers.
Leading companies including Adidas, Hugo Boss, and Primark are interviewed in the playbook, along with innovative suppliers Epic Group, Karacasu Tekstil, and Impetus Group. In the face of persistent policy uncertainty, these stakeholders discuss how they handle data gathering and traceability while navigating compliance with changing legislation and environmental standards.
The playbook, which is organised around four major pillars, is intended to give fashion businesses and suppliers essential insights for more strategic and successful data collaboration. These pillars include:
The Minimum Data Package – The TrusTrace Compliance Canvas™: a concise synopsis of the key information required to meet industry-relevant requirements, providing a shared framework for cooperation and lessening the workload associated with data collection and reporting.
Understanding Data Requirements: An explanation of the Environmental, Social, and Governance (ESG) rules that are in effect now and in the near future, including what information is required, why it matters, and how to start getting ready.
Practical Insights from Industry Leaders: The playbook includes supply chain perspectives from Epic Group, Impetus Group, and Karacasu Tekstil, covering tiers from sourcing raw materials to garment finishing, in addition to special insights from Adidas, Hugo Boss, and Primark. In order to prepare for a future that requires verifiable impact data and traceable, digital records, contributors openly examine the state of data gathering today, which is still mostly dependent on paperwork and human inputs.
Executive Briefing: The Future Risk Outlook: Professional perspectives from the London School of Economics, Textile ETP, Policy Hub, and TrusTrace on the increasing legal, financial, and reputational risks that businesses face and how strong supply chain data strategies may be a vital instrument for risk reduction.
