SUPPLIER RELATIONSHIP MANAGEMENT
Sharing the gloss Instead of each brand running its own compliance platform, firms are pooling resources through consortiums like TRASCE: the TRaceability Alliance for Sustainable CosmEtics. CHANEL kicked it off with 15 founding members and the idea is simple: standardise how everyone captures data on components, material origins and environmental impact.“ Cosmetic brands are required to know more about their supply chains than ever before, and the pressure is growing as regulations become more complex,” says Brittany Sizemore, Senior Vice President, Transparency-One.
TRASCE runs on one shared platform, Transparency-One( an ISN company). In practice, suppliers upload their sourcing locations, how materials get transformed and their safety certifications just once, instead of filling out the same form for every brand that buys from them.
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