Lecture 9 Flashcards
Key takeaways - circularity
- Business imperative in many industries
- circularity and profitability don’t always go hand-in-hand
- requires the adoption of new business models
- technically and financially challenging
- new business models must prove profitability and scalability feasibility
- expenditure on staff training enhances knowledge and skills
- Spending on R&D increases ability to recycle
- requires circularity performance measurement and reporting
- can only be achieved with participation of multiple stakeholders
Transparency and Traceability
Process of making info available to understand how fibers and materials were sourced, processed and produced through the supply chain. Improving the traceability of sourced materials is essential to enable more sustainable decision making. It is an enabling factor to help reduce the negative environmental and social impacts of the textile supply chain
Track and Trace
Track and Trace technology can help companies within the textiles and apparel industry to improve transparency, efficiency, quality control, and sustainability throughout the supply chain
These traceability systems enable brands to track garments though the supply chai, connecting supplier and brands data systems
TextileGenesis
Company that developed blockchain-based traceability system that allows the digitalization and traceability of any textile asset, such as fiber, yarn, fabric or garment, through Fibercoins.
The 7 Rs of Fashion
Reduce
Reuse
Repurpose
Repair
Resale
Rent
Recycle
