H&M Group Launches B2B Sustainable Project To Open Up Its Global Supply Chain Services To Smes.
H&M, a fast fashion giant in Sweden, announced the launch of a B2B supply chain project called Treadler. In order to promote the sustainable development of the fashion industry, H&M will open its global supply chain services to external companies.
"These new concepts and initiatives are part of the H&M group strategy to promote sustainable growth in the fashion industry," H&M said in a statement. Treadler will enable its customers to benefit from the H&M group's expertise, long-term supplier partnerships and strategic sustainable work, thereby helping them overcome business barriers and accelerate sustainable transformation. This means that smaller enterprises can enter and use H&M group's global supply chain resources in product development, procurement, production and logistics.
Gustaf Asp, President of Treadler, said: "we believe that now we have the opportunity to make full use of H&M group's extensive investment results and continuous efforts in sustainable aspects to meet the needs of customers, contribute to the long-term growth of H&M group, and promote the transformation of the industry at the same time. In discussions with other companies, we discovered the need for such services. "
It is reported that Treadler will initially operate on a small scale, providing customized services to enterprises to meet the needs of every customer.
This is the first major move taken by Helena Helmersson, the new CEO of H&M group, in February this year. The group has been focusing on sustainable development in recent years. Detailed information about its personnel appointment.
Gustaf Asp told the financial times that H&M group was not "worried" or afraid of opening the supply chain. In order to go further in the industry, we need to open the door to cooperation. "
Helena Helmersson added that as a whole, the fashion industry has not yet achieved enough sustainability. To ensure future sustainability, companies must transform their supply chain. H&M group has been committed to this, and the group has realized that "the results of our efforts are also valuable to others."
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