New Solution to Estimate Fabric’s Environmental Impact Data
Therefore, data is an essential factor in accomplishing these incentives. As a result, organizations are shifting their focus towards methods that provide precise data to ensure the most recent and reliable data is available and accessible to the respective stakeholders.
Adopting a data-driven approach towards Decarbonizing Supply Chains and Estimating CO2 emissions
There are several steps towards promoting the assessment of correct information on CO2 emission disclosure and carbon footprints. Some of the initiatives that businesses are taking in this direction include
1. Efforts toward becoming carbon neutral
Tracking carbon offset data and improving transparency is becoming a mandate for companies to achieve carbon neutrality. In line with this, businesses are implementing strategies such as raw material source identification, new technology development processes to reduce carbon emissions, and ways to enhance production efficiency. It is essential that not only do the end product retail companies realize the importance of carbon neutrality, but every link in the industry chain makes the required changes.
2. New supply chain trends
Companies need to embrace the core trends in the supply chain to ensure accurate and reliable data is available to address the growing challenges.
In addition, it would also contribute significantly to the efficiency of production processes. While AI helps chatbots and virtual assistants to simplify human tasks, ML and data analytics use algorithms that work with huge volumes of complex datasets and turn them into actionable insights. These would help in deriving meaningful business outcomes.
Various digital platforms are available that help accommodate these trends effectively. Companies must go for such collaborative initiatives.
A new partnership between Frontier + Made2Flow is addressing innovative solutions to effectively tackle the problem of lack of ability to disclose the brands' fabric's environmental impact: CO2 emissions, water, and land use, coupled with accurate data.
The partnership between Frontier (a material digitization platform) and Made2Flow (a tech company specializing in environmental data analytics). This partnership is helping businesses to decarbonize by providing ways to estimate and access the brands' fabric's carbon footprint data, which helps to make better decisions when choosing the textiles they will use for creating their garments.
These incentives aim to drive decarbonization and bring real and lasting change for the better in the fashion industry. Consequently, more brands are becoming aware of the importance of CO2 emissions disclosure and accurate deployment of data on carbon footprints. With these aspects in mind, companies need to revamp their strategies, adapt and adopt the newest trends in the supply chain and make informed decisions based on data-driven approaches.
If you would like to know more about how to disclose your fabric’s environmental impact, please contact us here: