Issue
28: 4th quarter 2014
Product Overview
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Talking strategy: Maximilian Martin of Impact Economy discusses how competitiveness in the apparel industry can be improved by investing in sustainability and productivity |
published in Issue 28, 4th quarter 2014
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As retail price competition intensifies, brands and retailers are constantly having to look at ways in which they can reduce costs in their respective supply chains. At the same time, they are under growing pressure from regulatory authorities and non-governmental organisations (NGOs) to make their supply chains safer and cleaner. The Apparel Innovation Consortium (AIC) - founded by Switzerland-based Impact Economy - believes that, by investing in superior facilities, factories could achieve higher levels of productivity, reduce their environmental impact and improve working conditions. In particular, the AIC's focus is on the improvement of wet processing operations in order to reduce the consumption of chemicals, water and energy. In this edition of "Talking strategy", Maximilian Martin, the founder of Impact Economy and the AIC, discusses the aims and operations of the AIC. Also, he comments on the corporate social responsibility (CSR) and compliance issues affecting the global supply chain - paying particular attention to key sourcing locations - and provides an outlook for the future.
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