Ilka Jordan, CEO of Jordan Alliance Group along with other international leaders in the fashion and technology industries gathered to continue the conversation on #sustainability, “the future of fashion…”, solidarity and hope – with a strong emphasis on “#WorldEnvironmentDay” and “#WorldOceansDay” at the 2nd FASHINNOVATION WORLDWIDE TALKS 2020, JUNE 5TH & 8TH https://fashinnovation.nyc/worldwide-talks-2020-2nd-edition/.
Supply Chain and Circular Economy
With today’s innovation, technology, and new innovative business models, our main mission is to transform the retail supply chain operations and company cultures and make it easier to build a network of partners and suppliers that are fully taking advantage of the concept of circularity.
What we find today is that the Fashion Industry does recognize the importance of integrating sustainable practices into their business operations. Our clients either have a sustainability strategy in place or they are planning to have one in the near future. However, we still make it a point to make sure my clients have a strong understanding of the Circular Economy concepts including the environmental and business benefits,
and as well as informing them about potential partnerships and joint ventures with businesses that utilize innovative business models.
We partner with our clients on building the right strategies, developing efficient operating models, and what's really important is making sure the right change capabilities are in place to support sustainability, transparency, accountability, and governance across their organization and supply chain.
We like to recommend that brands start looking across their supply chain and identify those areas where they can contribute to circularity in a responsible way. Our clients are embracing new ways of working. Some are selecting style categories that can use innovative and safer materials – ex. bio-degradable. Others are reducing the amount of seasonal development of materials and samples – doing this saves them a lot of money.
Some are also Designing garments for longevity. Making them more durable to increase the lifespan so they are available for resale, renting, etc. The goal is to keep the garment out of the landfills. Every one of these actions is tangible and cost-efficient because these brands are already in the business of making garments. They are just doing it now with more purpose.
We actually find that the biggest challenge/roadblock of sustainability happens internally – within the organization. The way we handle it, is we recommend companies make circular a core tenet of their corporate strategies. We know that there needs to be a common understanding of the vision across the organization, and everyone needs to know what role they play. We find that this builds the drive to meet the suitability goals – collaboration is key, and measures of progress are key to keep everyone accountable.
What is most exciting to us is that more and more companies are moving toward 3D design software. With this technology, you get true-to-life digital samples. You can make your design, fit, and approval decisions quicker. So now you are able to increase productivity, speed up time to market, and meet your sustainability goals.
Imperative in circularity and sustainable supply chains are transparency, accountability, and equal partnerships. Strong collaboration within your organization and business Partnerships, technology to capture the flow of product information and tracking, and measure progress toward sustainability goals and hold yourself accountable for achieving results.
FASHINNOVATION Speakers Include: Rebecca Minkoff, Steve Aoki, Shanda Sumpter, Founder of HeartCore Business, Kerry Bannigan, Founder of Conscious Fashion Campaign, Mitichi Preda, President of Feeric Fashion Week, Benson Eji, Founder & Creative Director of Ennui New York INC, Coco Rocha, Supermodel & Entrepreneur, Andrew Sharpless, Chief Executive Officer of Oceana, Ilka Jordan, Founder & CEO of Jordan Alliance Group INC., Francois Souchet, Lead-Make Fashion Circular of Ellen MacArthur Foundation, Stephanie Thomas, Founder & CEO of Cur8able, Shivang Desai, Co-Founder of Bigthinx, Edward Hertzman, Founder & President of Sourcing Journal