ITL Launches Digital Product Passport & Traceability Solution, Powered by BanQu
July 22, 2024
ITL Group & BanQu Partnership Launch
As a leading global provider of innovative apparel labelling products and solutions, ITL Group has taken the next step in supporting an ethical and transparent supply chain by partnering with BanQu to provide brands and retailers with full visibility of their upstream supply chain. BanQu is a blockchain traceability SaaS that provides end-to-end solutions in supply and ESG data capture and reporting.
Our partnership commenced in February 2024, beginning with ITL tracing their own supply chain, demonstrating authentic commitment to supply chain transparency, while marking a significant step towards reinforcing social and environmental sustainability across their operations.
Through this strategic partnership, ITL will harness the power of BanQu’s Platform to equip brands and retailers with the ability to:
- Concisely trace, track and authenticate their supply chain across multilevel tiers and product groups.
- Enable a single aggregated view of raw material usage in a specified period by the brand.
- Empower brands to be ready and fully compliant with Digital Product Passports (DPP), Higg FEM & FLSM, EUDR, Carbon Footprint, and EPR reporting and other relevant compliance metrics.
- Bank, hold and provide alerts for the required multiple certifications regarding Social and Environmental imperatives within the upstream supply chain.
- Enabling brands to geolocate the origin of their products (environmentally and socially) at the product SKU level. BanQu’s robust blockchain technology makes this possible and secure, ensuring data integrity, transparency, and security. With this, brands can confidently trace their products, knowing their data is protected.
Neil Henderson, CEO of ITL, advocated, “Partnering with BanQu empowers ITL to provide our global brands and retailers with comprehensive visibility into their entire upstream supply chain. This transparency enables informed sourcing decisions, mitigates ethical, environmental and compliance risks, and rewards best practices throughout the supply chain. Additionally, this collaboration creates a distinct opportunity for brands to engage more effectively with consumers by leveraging ITL’s innovative QR and NFC labelling technology, fostering stronger brand advocacy and trust.”
Commenting on the project, Ashish Gadnis, CEO of BanQu, shares, “The ITL partnership with BanQu is transforming how fashion and apparel supply chains work. This is real-world ethical sourcing, deeply rooted in integrating the heart of the value chain. Through ITL’s DPP solution, powered by BanQu, brands and retailers can see in real-time that factory workers are being fairly paid alongside social and environmental assurance throughout the supply chain.
Furthermore, ITL undertaking the traceability of its own supply chain with BanQu demonstrates its commitment to supporting its farmers and suppliers, which in turn shows its commitment to delivering high-value products to its customers. This demonstrates what authentic, sustainable global fashion labels and packaging suppliers look like.”
This project's scope will continue to evolve and expand depending on our specific clients’ requirements. BanQu will support this process as the technology provider and expert in the supply chain traceability industry. Together, we will unlock value for our new and existing customers by securing high-quality and ethically sourced materials.
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About ITL Group
With a focus on innovation and customer-centricity, ITL prioritises crafting and delivering apparel-label products and solutions that seamlessly mirror your brand and its values. With a global presence spanning 21 locations, ITL ensures sustainable supply chains, minimizes environmental impact, and provides short lead times to cater to diverse markets.
With over 35 years of expertise, ITL consistently delivers high-quality labels and technical solutions tailored to your brand’s specific requirements. We streamline the process from development to bulk production for swift turnaround times. Our commitment to quality is evident through robust systems, global quality management standards, and a range of processes that ensure the highest standards are maintained across all operations.
For more information, please visit our website.
About BanQu
BanQu is a blockchain traceability SaaS that allows companies to capture and leverage their supply chain and ESG data to optimize their value chain – while proving sustainable or compliant sourcing. BanQu enables you to unlock visibility to the source of your supply chain – regardless of the crop, raw material, or industry. So you can seamlessly integrate and tie all your suppliers' data to the chain of custody in one platform.
For more information, visit BanQu’s website here.