H&M Group expands partnership with TextileGenesis
H&M Group is expanding its collaboration with TextileGenesisTM and will start rolling out TextileGenesis’ traceability technology throughout 2022.
Following a pilot in 2019-20 and after winning H&M Foundation’s Global Change Award, TextileGenesis’ traceability technology has evolved into several scaled pilots.
Their textile traceability platform, using blockchain technology, provides a highly valuable solution to enabling improved supply chain traceability and transparency.
With the current roll-out, by the end of 2022 H&M Group aim to trace over 200 million pieces.
Merel Krebbers, Product owner Fiber to Product Traceability, H&M Group said:
“H&M Group believe that supply chain traceability and transparency should go hand-in-hand to create greater accountability for where materials and products come from, and to drive positive change in the fashion industry. Moreover, we believe that we can have greater impact by working together within and across industries to come up with shared solutions; combining technologies and shared-industry databases can help increase supply chain traceability.”
The TextileGenesisTM collaboration is a key initiative in H&M Group´s traceability journey. This roll-out will enable H&M to ensure a high level of traceability for a significant portion of theirr material base, up to 20% by volume of material base from fiber through to final product on the innovative digital platform – with the intention to keep increasing it next year.
Amit Gautam, Founder & CEO, TextileGenesisTM
Remarked: “H&M Group is at the cutting-edge of traceability in the fashion industry and has continuously challenged us to deliver traceability at scale. Our joint ambition to track several hundred million units from fiber-to-retail marks a major milestone. It moves the entire industry forward in realising scalable supply chain traceability.”
