Page 27 - Interloop Sustainability Report 2019

OUR CUSTOMERS SUPPLY CHAIN

Interloop sells socks, tights & leggings to top brands and retailers across Europe, USA & Asia. Suppliers are vital partners in Our procurement strategy also takes • Equipments (Machines and Allied
Some of our top clients include: meeting customers’ expectations into account the existence of policies Products)
and delivering top quality products.
and procedures at our suppliers’ end
Our primary objective while making for managing health and safety, labor Our supply chain consists of around
procurement decisions is to get the and human rights-related issues. 900 suppliers spanning more than 24
best combination of quality, economy, Our special consideration of the countries. The suppliers in Pakistan
efficiency and effectiveness while sustainability criteria while inducting (Yarn suppliers) are mainly labor-
keeping sustainability as priority. The suppliers, as well as approach for intensive while suppliers abroad (parts,
Procurement & Sourcing department carrying out periodic audits, help machines, and plants) are mainly
at Interloop is responsible for ensuring to ensure compliance and manage technology-intensive. We primarily
timely availability of materials as impacts in the supply chain. During the procure materials and services from
per requirements. Our procurement year, 90 new suppliers were screened local suppliers, in line with our strategy
management not only focuses on cost for impacts on the environment and the to encourage the development of local
effectiveness but also on bringing a society. supply chain, leading to economic
positive change for stakeholders by development within the country.
pursuing an ethical and sustainable We procure the following items from However, the equipment, materials
business. We have Green Purchasing our wide range of supplier base: and services which are not available
strategy in place to limit the negative • Hosiery Yarns (Cotton Yarns, Man- in Pakistan or do not meet the end
impacts on the environment in our made Yarns, Regenerated and customer requirements are procured
supply chain. The strategy clearly Recycled Yarns) from abroad. During the year, we
defines the desired course of action procured around PKR 20 billion worth
and factors to be considered while • Dyes & Chemicals which meet material and services of which 60%
making procurement decisions. We Oeko-Tex requirements and other was from local and 40% from global
require our suppliers to be compliant International Certifications suppliers.
with international standards related • Services General (Repair &
to product specification and quality. Maintenance, Construction, etc.)

24 Interloop Limited Sustainability Report 2019 25