Jim Brown and I are intrigued by what consumer products companies and retailers can do to design products and trade more effectively and sustainably after our briefing with TradeBeyond. Their multi-enterprise PLM and supply chain collaboration platform is expanding. By acquiring Pivot88, they strengthened existing industry-specific capabilities, deepened their presence in apparel, and added quality, compliance, traceability, auditing, materials management, and AI/ML capabilities.
While the company is decades old (formerly CBX Software), new capabilities continue expanding the business value for retailers and their multi-tiered supply chain partner community. The combination of product design and supply chain sourcing, ordering, and logistics is powerful, particularly with many consumer products’ short lifespans and seasonal nature. Having these functions in an end-to-end platform designed for multiple trading partners supports the contract manufacturing models common in consumer industries such as CPG, general merchandise, and retail footwear and apparel.
Sustainability has also become crucial for these industries, and TradeBeyond helps with compliance. Elements include partner onboarding, documents, and more. They are also building a network of sustainability-focused partners, including BSCI amfori for a common code of conduct, Waste and Resources Action Programme (WRAP) in apparel, The Higg Index from the Sustainable Apparel Coalition, as well as Reset Carbon, with which TradeBeyond has developed CBX Impact that helps companies assess and improve their scope 3 emissions.
Moving from product ideation to delivery on a single multi-enterprise collaborative platform is rare, and creates a digital thread from ideation through shipping. Most solutions are robust either in the product development and PLM or the supply chain and sourcing areas, but this has both. Pivot88 adds crucial production and operations capabilities in traceability, quality, and compliance. It also brings critical applied AI capabilities that TradeBeyond is already looking at expanding across their entire platform. TradeBeyond’s differentiation and footprint for delivering value is growing.
We look forward to following the company as it continues expanding its product footprint and presence in private-label and branded consumer goods supply chains. Thanks, Eric Linxwiller, and Lilian Bories, for explaining the latest to us. And thanks, Dan Demaree, for setting up the meeting.