An online marketplace for in-stock and excess textiles has introduced a new label to identify manufacturers that are repurposing overstock by selling via its platform.
The Responsible Stock Management label from Tengiva helps manufacturers showcase and sell their leftovers to global buyers, keeping manufactured materials in circulation and making important logistic and operational efforts to avoid using landfills and incineration.
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“All manufacturers have leftovers. Some more, some less, but everyone has to deal with the reality of excess stock and we’re starting to see companies courageously stand out from the crowd with tangible strategies to repurpose overstock. We wanted to recognise this,” says Annie Cyr, textile sourcing specialist and co-founder of the Tengiva platform.
“Responsible stock management means recognising and tracking what you have, to consciously dispose of it in the most functional, environmentally respectful way, while also supporting the industry by helping buyers enjoy increased product accessibility.”
Every supplier who actively sells on the Tengiva site can use the Responsible Stock Management label to communicate their pledge to potential clients, to their own teams and to a global audience.
“Beyond that, it’s also a way to identify, recognise and encourage businesses that are changing the way they do things, for the greater good. For large manufacturers, it’s much easier to throw out, burn or sell off to jobbers so it takes intent and deep resolution to self-reflect, change habits and create positive change,” says Cyr.
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By GlobalData“A recognisable label helps create a sense of community and encourages others to be a part of this change. It also helps buyers choose businesses that are in line with their values.”
The label can be used on company websites, brochures, trade show collateral and business cards.
