Better Cotton has convened a group of leading international retailers and brands to help enable the delivery of new traceability solutions and bring greater visibility to the cotton supply chain. These include names like Marks & Spencer(M&S), Zalando and BESTSELLER. The panel has pulled together an initial £1m tranche of funding. It will work with suppliers, NGOs and independent experts in supply chain assurance to develop an approach that meets the pressing needs of industry today. Traceability within the cotton supply chain will soon become a market “must” with legislators on…
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Supply Chain Due Diligence Pioneer Sourcemap Raises $10 Million to Meet Global Demand for Transparency and Traceability
Sourcemap Inc., the leading provider of end-to-end supply chain due diligence software, today announced it has raised a $10 million Series A funding round, led by Energize Ventures with participation from E14 Fund. With the funding, Sourcemap will further expand its operations in North America and grow its global footprint with a European subsidiary to support growing demand for supply chain due diligence. Recent supply chain disruptions have underscored the importance of end-to-end visibility in how goods and raw materials are sourced. In January 2021, the United States seized over…
Read MoreNestlé announces innovative plan to tackle child labor risks, increase farmer income and achieve full traceability in cocoa
Nestlé has announced a new plan to tackle child labor risks in cocoa production. At the center is an innovative income accelerator program, which aims to improve the livelihoods of cocoa-farming families, while also advancing regenerative agriculture practices and gender equality. A cash incentive will be paid directly to cocoa-farming households for certain activities such as enrollment of children in school and pruning among several others. Nestlé’s new plan also supports the company’s work to transform its global sourcing of cocoa to achieve full traceability and segregation for its cocoa…
Read MoreM&S raises the stakes with unrivalled new British beef traceability campaign
Marks & Spencer has launched a new, summer-long food marketing campaign that shines a spotlight on M&S’ new beef traceability standards. As highlighted in the campaign, M&S is the only national retailer in the UK that can trace every piece of beef it sells – whether it’s in a prepared meal, a sandwich or a prime cut – all the way back to every farm and animal from which it is sourced. The “We trace it, so you can trust it” campaign is backed by DNA sampling provided by Dublin-based…
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