Blockchain Allows Brand Owners and Retailers to
Trace Source Materials Ahead of Pending U.S. Legislation Related to
Forced Labor in China’s Xinjiang Uyghur Autonomous Region
(XUAR)
Logility, Inc., automating the digital transformation of supply
chain optimization and advanced retail planning, and New Generation
Computing, Inc. (“NGC”), a leading provider of digital supply chain
solutions for sourced goods, today announced the availability of
the industry’s first digital traceability solution which allows
brand owners and retailers to document the chain of custody from
component origin to importer of record.
This solution ensures companies can trace chain-of-custody
through all tiers in the supply chain while storing and managing
all supporting documents related to every transaction between all
supply chain trading partners at every level. This unparalleled
visibility provides a digital thread that allows brand owners and
retailers to generate a certificate that summarizes the chain of
custody including all necessary information related to each
exchange of products and materials from source to destination.
United States Customs and Border Protection announced on
December 2, 2020, personnel at all U.S. ports of entry will detain
shipments containing cotton and cotton products originating from
the Xinjiang Production and Construction Corps (XPCC) and its
subordinate and affiliated entities. This Withhold Release Order
also includes any products that are made in whole or in part with
or derived from that cotton, such as apparel, garments, and
textiles. This announcement from US Customs and Border Protection
means brand owners and retailers must either remove affected
products before they enter the US market or present evidence that
proves the merchandise was not manufactured using cotton that
originated from the XPCC.
“The apparel industry will do what it takes to eliminate the use
of forced labor in the supply chain,” said Mark Burstein, president
and chief strategy officer, NGC. “If H.R. 6210 Uyghur Forced Labor
Prevention Act is signed into law as it is currently drafted,
importers must be able to prove their products do not contain any
inputs from the XUAR, including both materials and labor. NGC’s
expertise in sourcing, quality and compliance combined with
Logility’s expertise in visibility and planning allowed us to
quickly work with brand owners and retailers to ensure visibility
across the entire digital thread at this critical time.”
“This is an incredibly important issue for both Logility and NGC
customers that requires immediate action,” said Allan Dow, CEO
& president, American Software. “Our industry expertise and
collaboration with both Logility and NGC customers allowed our
innovation team to quickly identify the need and deliver a solution
to confidently trace and certify the origin of products for brand
owners and retailers that import products from China. In addition,
we see broad applicability across many industries as consumers
demand greater visibility and understanding of where products are
sourced and manufactured.”
The H.R. 6210 Uyghur Forced Labor Prevention Act legislation, as
it is currently drafted, will block the import of any goods into
the United States that cannot prove the merchandise does not
contain inputs originating in China's Xinjiang Uyghur Autonomous
Region. This digital supply chain traceability solution provides a
single consolidated view that helps brands and retailers manage one
of the most urgent issues today: enabling supply chain visibility
beyond Tier 1 suppliers by incorporating a private blockchain that
identifies buyers and sellers from the cotton source to importer of
record. The primary data from each transaction creates a digital
thread that provides a deeper level of supply chain transparency
than has ever existed in the industry.
To learn more about the digital supply chain traceability
solution, please visit:
https://www.logility.com/campaign/product-traceability-using-chain-of-custody/.
About Logility Accelerating the digital supply chain from
product concept to customer availability, Logility helps large
enterprise companies seize new opportunities, sense and respond to
changing market dynamics and more profitably manage their complex
global businesses. Leveraging the cloud based Digital Supply Chain
Platform, Logility leverages an innovative blend of artificial
intelligence (AI) and advanced analytics to automate planning,
accelerate cycle times, increase precision, improve operating
performance, break down business silos and deliver greater
visibility. Logility customers include Big Lots, Hunkemoller,
Husqvarna Group, Kontoor, Lacrosse Footwear, Parker Hannifin and
Verizon Wireless. Logility is a wholly owned subsidiary of American
Software, Inc. (NASDAQ: AMSWA). To learn how Logility can help you
make smarter decisions faster, visit www.logility.com.
About NGC Leveraging the cloud based Digital Supply Chain
Platform, NGC powers the digital supply chain, enabling brands and
retailers to maximize revenue and profit by accelerating lead
times, streamlining product development and supply chain
management, and optimizing distribution.
Leading global brands and retailers rely on NGC solutions,
including Brooks Brothers, Carter’s, Destination XL, Fanatics, Foot
Locker, Jockey International, Lacoste, Spanx, VF Corporation and
many others. NGC has offices in Miami, New York, Los Angeles,
Canada, China, India, Mexico, and El Salvador and is a wholly owned
subsidiary of American Software, Inc. (NASDAQ: AMSWA). For more
information, visit www.ngcsoftware.com.
The SaaS-based platform available through Logility and NGC
transforms sales and operations planning (S&OP) and integrated
business planning (IBP) processes; demand, inventory and
replenishment planning; global sourcing; quality and compliance
management; product life cycle management; supply and inventory
optimization; manufacturing planning and scheduling; retail
merchandise planning, assortment and allocation spanning the entire
concept to customer lifecycle, including PLM, SCM, quality and
compliance, as well as integrated business planning and demand,
inventory, supply and retail optimization.
Forward-Looking Statements This press release contains
forward-looking statements that are subject to substantial risks
and uncertainties. There are a number of factors that could cause
actual results to differ materially from those anticipated by
statements made herein. These factors include, but are not limited
to, continuing U.S. and global economic uncertainty, the timing and
degree of business recovery, unpredictability and the irregular
pattern of future revenues, dependence on particular market
segments or customers, competitive pressures, delays, product
liability and warranty claims and other risks associated with new
product development, undetected software errors, market acceptance
of NGC’s products, technological complexity, the challenges and
risks associated with integration of acquired product lines,
companies and services, as well as a number of other risk factors
that could affect the Company’s future performance. For further
information about risks the Company and American Software could
experience as well as other information, please refer to American
Software, Inc.’s current Form 10-K and other reports and documents
subsequently filed with the Securities and Exchange Commission. For
more information, contact: Kevin Liu, American Software, Inc.,
(626) 657-0013 or email kliu@amsoftware.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201203005716/en/
Justin Siefert Logility jsiefert@logility.com (404) 264-5485
Jeff Ketner Ketner Group Communications (for NGC)
jeff@ketnergroup.com (512) 794-8876
American Software (NASDAQ:AMSWA)
Historical Stock Chart
From Mar 2024 to Apr 2024
American Software (NASDAQ:AMSWA)
Historical Stock Chart
From Apr 2023 to Apr 2024