Transparent Trade
The first pillar and centerpiece of Sourcery’s Direct-to-Grower™ Solution, Transparent Trade enables Sourcery Partners to collaborate and transact fibre, yarn and fabric in with more transparency, efficiency and trust— accelerating the transformation of trade for good.
Solution Pillars
Transactions
Using the power of digital trade, Partners can effortlessly remit and receive spot and forward enquiries and offers in real time and settle contracts with confidence and trust driving more transparency, efficient and impact at scale.
Commitments
Commitments are pre-transactional frame contract agreements between two (2) or more Partners to collaborate, nominate and transact specific fibre or products with enhanced levels of transparency, integrity, traceability and verified impact from grower to consumer.
BlueTrace System
BlueTrace™ System introduces a global Permanent Bale Identification (PBI) tracking system that includes real-time physical and digital transactional traceability, quality assurance on fibre, yarn and fabric.
Transparent Trade
Solution
Trust is a prerequisite for transparency, traceability and impact.
Transparent Trade (TT) Yarn 3 - Bluechip digital assets and Connect App “Trade” feature.
Deeper engagement, true collaboration (hint: sharing risk and reward) and building mutual trust and shared equity in trade are prerequisites for more transparent, efficient, secure and impactful trade.
Available to all licensed Partners, Transparent Trade and Connect App enables Sourcery Grower, Trade, Manufacturer and Brand Partners to connect, engage, communicate and trade directly.
Supported by our team of dedicated engagement and trade facilitation professionals who support and guide our Partners throughout the buying and selling process, Sourcery Partners can effortlessly remit, receive and manage spot enquiries, offers and forwards (and Commitments) and trade with more confidence and trust.
Transactions
Using the power of digital trade, Partners can effortlessly remit and receive spot and forward enquiries and offers in real-time and and settle contract with more confidence and trust.
Through this platform, Sourcery Partners trade with more transparency, efficiency and trust— accelerating the transformation of trade for good.
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Effortlessly remit, receive and manage all of your enquires for fibre, yarn and fabric in one place-having greater visibility of your own value chain and ensuring transparency, efficiency, security and trust with every transaction.
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Effortlessly remit, receive and manage all of your enquires for fibre, yarn and fabric in one place-having greater visibility of your own value chain and ensuring transparency, efficiency, security and trust with every transaction.
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Direct Trade enables Sourcery Growers, Aggregator and Processor Partners to record all transactions on raw materials at the farm gate, market or processor facility ensuring traceability down the the farm level.
Available only from Grower Partners who have adopted the Impact and Assurance Grower Essentials (GE 1-4) Protocol.
Looking to build new or strengthen existing supply networks to ensure more transparency, traceability and impact from grower to consumer?
Commitments are pre-transactional frame contracts facilitated by Sourcery that enable two (2) or more Partners to collaborate, nominate growers or manufacturers and trade a specific type, quantity and quality of fibre, yarn and fabric at a future date ensuing more transparent, efficient and impactful trade.
Unlike Transactions, which simply digitizes transactions using blockchain technology to capture spot and forward transactions, Commitments offer Partners a greater level of transparency. supply security, transactional traceability and verified impact for a specific product or supply chain.
The Commitment process follows a three step approach that includes Planning, Engagement and making a Commitment. Throughout this process, Sourcery’s team of engagement and trade professionals support our Partners to select products, engage vendors and define commercial, impact and traceability requirements together—ensuring transparency, fairness and trust with every transaction.
Commitments can be initiated by any Brand or Manufacturer Partner at any level of the value chain.
Commitments
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A Vertical Commitment includes multi-tier frame contracts agreement(s) on between a nominating partner (usually a Brand), a Grower Partner (and/or) and one or more Manufacturer Partner outlining commercial, impact and traceability requirements that ensure future purchase intent.
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A Horizontal Commitment includes single tier frame contracts agreement(s) between one (1) or more Manufacturer Partners who choose to purchase fibre, yarn or fabric together.
Horizontal Commitments define commercial, impact and traceability requirements that ensure future purchase intent.
Horizontal Commitments be formed within any Vertical Commitment agreement.
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Following Vertical and Horizontal Commitment frame contract agreement, Nominating parties remit purchase order as they normally do activating the Commitment cycle.
Products transacted and received adhere to the time line, quality, supply, pricing and social and environmental requirements set-forth in the underlying Commitment Agreement.
Trade Effortlessly
The Sourcery Connect allows you to remit, receive and manage all enquires, offers, forwards and settle contracts effortlessly and in real-time with more transparency, efficiency and trust.
BlueTrace™ System
The BlueTrace™ System introduces a global Permanent Bale Identification (PBI) system that includes real-time physical and digital transactional traceability on fibre can be tracked through to yarn and fabric.
BlueTrace™ includes real-time information available via the Connect Platform that includes composition, quality and integrity verification of fibre, yarn and fabric ensuring transparency, efficiency, and mitigated counter-party risk with each transaction.
Those seeking more information can also include verified impact and integrity information down to the grower level through Impact and Assurance.
All Partners have to do is easily scan a bale, cone or roll of fabric with the Connect App and all information become available in real-time.
Integration
BlueTrace™ can deployed and integrated alongside existing Permanent Bale Identification (PBI) systems and connected to any ERP or PLM solution traceability software provider or used with any physical marker technology for forensic composition verification.
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The BlueBale™ System is available to all Grower Partner processor (gins). It gives gins the ability to collect and test samples using trained third-party auditors for drawing samples and qualified labs for testing include 100% HVI testing and quality testing reports.
In addition, BlueBaleTM can also include origin, composition and integrity data to ensure the authenticity and traceability of fibre.
Currently under pilot for MY 2024/25 and will be rolled out at scale in MY 2025/26.
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The BlueCone™ System is available to all Partner Manufacturing Partners who process fibre and spin yarn.
BlueCone™ includes deployment of a a proprietary RFID tag that is placed inside the cone for real-time tracking ensuring each cone placed onto a knitting or weaving machines can be tracked back to the location, time and equipment where laydown occured ensuring the composition and quality of each cone is verified.
Partners can choose to have samples drawn to conduct third-party Uster 5/7 testing as well as laboratory composition analysis and integrity for added assurance.
Under development.
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Similar to the BlueCone™ solution, a proprietary tag is placed on the inside of each fabric roll (or as hangtag) so that each roll of fabric can be tracked back to the location, time, machine, technician processed the fabric.
Under development.
Real-Time Traceability
The Sourcery Connect is the only system that enables real-time traceability while you transact on fibre, yarn and fabric.
While you trade, all transactional and chain-of-custody information is automatically captured in one place and securely stored in digital assets called Bluechips (non-fungible tokens) that contain all of the verified digital and documentary proof required full transactional traceability and compliance from grower to consumer.
Transparent Trade Modules
Shifting the trade
paradigm
With every order placed on fibre, yarn, fabric via Connect, Sourcery aims to shift the trade paradigm by transforming how commercial actors engage, communicate, and trade with each other ensuring each transaction is more transparent, efficient and secure.
Transparency
Transparency is more than understanding what is happening in your value chain, it’s understanding why things happen in your value chain. Sourcery’s role as a commercially neutral trade intermediary and facilitator gives our team of Grower, Manufacturer and Brand Engagement professionals unparalleled access and visibility into our Partner’s businesses—including their commercial, operational, and financial health to support their transformation of trade for good.
Efficiency
From grower to consumer, there exists many ‘trade inefficiencies’ which occur across traditional ‘push-based’ commodity supply networks. These trade inefficiencies and supply networks can increase costs, risk, volatility, and opacity that can disadvantage growers, manufacturers and brands.
Sourcery has identified as many as 32 ‘trade inefficiencies’ that it can analyze and help our Partners identify in their own supply chains and work together to transform trade for good.
²Sourcery has adopted and applied principles of Sigma 6 and the Toyota Production System (TPS) through Transparent Trade Programme.
Trust
Sourcery Partner’s businesses are built around establishing mutually beneficial and resilient relationships with their vendors and clients. These relationships are built on trust and serve as the backbone for establishing transparent, efficient and secure trade.
Through Sourcery and our Connect Platform, our Partners can more effectively communicate, collaborate and commit to each other through better trade practices that are essential for transforming trade for good.
Sourcery is also a member of the International Cotton Association (ICA) and follow the Rules and Bylaws to ensure that all transaction on fibre (yarn and fabric) adhere to safe trading principals.