A Strategic Partnership between Material Exchange and the USFIA to Increase Sustainability within Apparel.
Sweden, February 18, 2020. Material Exchange Ventures AB, a Stockholm based startup and provider of Material Exchange, are delighted to be announced as Innovation Partners of United States Fashion Industry Association, (USFIA) for 2020.
The new partnership will be an exciting collaboration for both Material Exchange and USFIA with the shared vision, to help more organisations within the apparel industry become more sustainable.
“The new partnership is something we are very proud of, we are delighted to be partnering with an association as large and influential as the USFIA.” Said Darren Glenister, CEO; Material Exchange. “We are eager to develop our partnership and work with apparel brands and their supply chain to enable them to optimize, digitize and streamline their processes”, added Darren.
Julia Hughes, President of USFIA, said “USFIA member brands and retailers are committed to Innovation and Sustainability. The partnership with Material Exchange will support our efforts to help the industry and will set the stage for more sustainable sourcing in the future.”
A calendar of events will celebrate the partnership, with Material Exchange actively involved in USFIA organized events and USFIA participation in the unique Material Exchange Open Book roadshows.
Just some of the events scheduled:
July 15 – Washington Trade Symposium at the U.S. Capitol.
November 10 – USFIA Annual Conference in New York.
Additionally, Material Exchange will participate in USFIA’s Board of Directors meetings, as well as collaborate with USFIA to offer a webinar series, seminars and networking events.
Material Exchange will work with the USFIA to continue to educate brands, suppliers and manufactures on the importance and benefit of digital transformation technology.
Digitally transforming apparel supply chains will build upon the work already achieved with the FDRA, it will enable brands to reduce costs, increase speed, reduce their environmental impact and ultimately deliver transparency and sustainability within the industry.
With the help of the USFIA, Material Exchange has the ability to change the way the apparel industry operates, by providing a centralized database where suppliers can create virtual catalogues of digital material samples. The platform enables brands to search for suppliers based on accreditations and certifications, as well as search for materials based on physical characteristics.
Representing the entire supply chain, USFIA has acknowledged the importance of digital technologies like Material Exchange, will enable their members to grow, expand and optimize their business, whilst achieving their sustainable development goals.
The United States Fashion Industry Association (USFIA) is dedicated to fashion made possible by global trade. USFIA represents brands, retailers, importers, and wholesalers based in the United States and doing business globally. Founded in 1989, USFIA works to eliminate tariff and non-tariff barriers that impede the fashion industry’s ability to trade freely and create jobs in the United States. Headquartered in Washington, D.C., USFIA is the voice of the fashion industry in front of the U.S. government as well as international governments and stakeholders. With constant, two-way communication, USFIA staff and counsel serve as the eyes and ears of our members in Washington and around the world, enabling them to stay ahead of the regulatory challenges of today and tomorrow. USFIA members are committed to sourcing and manufacturing at the highest standards. They are industry leaders in terms of developing and maintaining business operations that are compliant with global standards, sustainable and transparent, and ethical. Through our publications, educational events, and networking opportunities, USFIA also connects with key stakeholders across the value chain including U.S. and international service providers, suppliers, and industry groups.
About Material Exchange
Material Exchange (ME) was founded in Stockholm, Sweden, in August 2016. The company is the brainchild of Darren Glenister, a digital transformation expert and pioneer in digitalization and supply chain innovation. Material Exchange is the key to everyone’s digital development evolution. Built hand-in-hand with the world’s leading brands and suppliers, the ME transforms an antiquated material selection process to decrease costs and environmental impact, whilst increasing speed and innovation.