Better Buying releases 2019 index report, based on supplier evaluations of textile companies' purchasing practices
"Better Buying Index Report, 2019", 3 September 2019
Better Buying has released its third report, designed to empower sustainable business between buyers and suppliers within the apparel, footwear and household textile industries and to improve purchasing practices in supply chains globally. The most recent findings highlight the longstanding sourcing strategies used across geographical locations and the varied ways that suppliers are pressured. The report shows that locations with the lowest production costs, such as South-East Asia and Bangladesh, experience the highest pressure from their customers to lower prices. Moreover, results demonstrate that the longer retailers/brands and suppliers are in a business relationship together, the more suppliers experience pressure on cost negotiations.
The Index Report compiles performance of 71 leading brands and retailers based on 802 ratings submitted by suppliers headquartered in 52 countries. Scores are based on a five-star scale from zero stars (worst performance) to five stars (best performance).
[The full report is attached]