A coalition of Asian textile manufacturers has announced it will develop purchasing standards to protect against an imbalance of power between buyers and suppliers.
Triggered by unfair treatment of textile and garment suppliers during Covid, including order cancellations and refusals to pay, the Manufacturers Payment and Delivery Terms initiative aims to instil common best practices.
About the Author
EcoVadis is a purpose-driven company whose mission is to provide the world's most trusted business sustainability ratings. Businesses of all sizes rely on EcoVadis’ expert intelligence and evidence-based ratings to manage risk and compliance, drive decarbonization, and improve the sustainability performance of their business and value chain. Its AI-powered risk mapping, actionable scorecards, benchmarks, carbon action tools, and insights guide a resilience and improvement journey for environmental, social and ethical practices across 200 industry categories and 175 countries.
Follow on Linkedin
Visit Website
More Content by EcoVadis EN