Sound of Silence
The leadership team level at company X is not making the moves that might be expected and needed from a sustainability perspective. What to do? How to overcome the blockage? How to make progress without even mentioning the S-word in the discourse? The answer: Compliance, Risk, and the Fear of Missing Out (FOMO). Or in more tangible terms - start the conversation by focusing on legal compliance, Risk and Due Diligence, Efficiencies ... and good old benchmarking with the competition. No S-word needed. Not a big step for humanity no doubt. But a door opener to many more interesting conversations.
Diversity-and-Inclusion
Diversity and Inclusion is a highly relevant topic not ‘just’ because it is all about equality and justice. But as long as entire parts of our global population remain disenfranchised, and desperate to just survive from day to day, tackling challenges - and in particular Climate Change - that affect all of us, indiscriminately, remains impossible. Boards of Directors set out the "Tone at the Top', also in matter of diversity and inclusion. In fashion companies, what exactly is the tone, the music, that they are creating?
Supply chains, as a discipline of expertise, have come out of the hiding and recognise their role in reducing corporate risk. This is notably and specifically the case in fashion and textiles. At the same time, 'design' - not just in the creation room, but in all facets where it impacts the making, delivery and use of a product or service, is increasingly recognised as relevant.
This current post is looking at supply chain risk in the light of the Europe wide ‘Horse meat’ scandal. It remains to be said that the results found so far not only suggest that undeclared horse meat found its way into cheap and low quality, possibly prepared meals. But that there is a much more general, and widely spread problem with meats of different types ending undeclared on the shelves for consumption.
Supply chain transparency is – as it happens – among the prime concerns of investors when considering their risk. The news is though, that it really isn’t any news at all. Supply chain transparency has been called for for at least a couple of decades – for reasons that are entirely aligned with profitability, customer service, competitive advantage, product quality and so on and so forth.
In 2012, we have seen risk management and sustainability play a more important part in the agendas of leading fashion brands. Nevertheless, many companies still perform poorly at many stages of their supply chain and are unaware of the risks, particularly if they lie beyond their direct operations. The following are the the main trends we see happening in the near and mid future. A few exist already but will become substantially more pronounced; others are just about to emerge and hit the surface of public awareness.