Coats Digital’s GSDCost Solution Secures the Innovation – Supply Chain Award and Environmental – Technology Award for Innovation, Sustainability and Potential to Drive Positive Industry Change
Coats Digital, the innovative software arm of Coats Group is delighted to announce that its unique, industry-changing time-cost benchmarking solution, GSDCost, has won the coveted Innovation – Supply Chain Award and Environmental – Technology Award at this year’s Just Style Excellence Awards.
Coats Digital’s GSDCost solution was awarded the top accolades on the basis of its innovative features, seamless integration, ability to significantly revolutionise the fashion industry, and for delivering real ROI, whilst supporting a more collaborative, transparent and sustainable global fashion supply chain.
The Just Style Excellence Awards is an independent recognition programme powered by the business intelligence of GlobalData. Its team of researchers and journalists, along with Artificial Intelligence, analyse over 1 billion datasets during the year to recognise, endorse and rank top-tier companies and their achievements in 200+ counties. The focus of the programme is the following Areas of Excellence: Business Expansion, Diversity, Environmental, Financing, Innovation, Investments, M&A, Marketing, Product Launches, Research and Development, Safety and Social.
Tina Ross, Awards Manager at Global Data, said: “On behalf of the Just Style Excellence Awards, I am thrilled to congratulate Coats Digital on their dual award win for GSDCost. This innovative software has set a new benchmark in the apparel industry, not only by revolutionizing the efficiency and transparency of the supply chain but also by demonstrating an unwavering commitment to sustainability and ethical practices. Coats Digital’s success is a shining example of how technology can be harnessed to drive positive change and build a more responsible fashion future.”
Coats Digital’s GSDCost Solution won the Innovation – Supply Chain category on the following merits:
- For introducing an advanced digital solution that transforms traditional costing and capacity forecasting in the apparel industry.
- For enhancing supply chain collaboration and transparency through a common language and standardised benchmarks.
- For enabling brands and manufacturers to make informed, data-driven decisions that improve operational resilience and adaptability.
- For the development of new functionalities that allow for more efficient and impartial comparison of vendor capabilities and compliance with sustainability standards.
GSDCost also secured the Environmental – Technology Award:
- For leveraging digital technology to optimise garment production, leading to reduced waste and more sustainable manufacturing practices.
- For the Fair Wage Tool’s contribution to social sustainability by ensuring fair labour practices in line with environmental, social, and governance (ESG) criteria.
- For the reduction in energy consumption and carbon footprint through improved efficiency and productivity in manufacturing processes.
- For supporting the fashion industry’s transition to more environmentally responsible operations through digital transformation.
Kunal Kapur, Managing Director, Coats Digital, said: “Everyone at Coats Digital is delighted to have our unique GSDCost solution recognised with two prestigious awards at the2024 Just Style Excellence Awards. Coats Digital understands the critical importance of digitizing the fashion supply chain to make it more agile, profitable, and sustainable, and we are extremely proud that GSDCost has played a pivotal role in helping to revolutionise the fashion industry to achieve these goals.
This recognition reaffirms our commitment to driving innovation and excellence in the fashion and apparel industry, and we look forward to continuing to support our clients on their journey towards sustainable growth and success.”
Coats Digital’s GSDCost method analysis and pre-determined times solution is widely acknowledged as the de-facto international standard across the sewn products industry. The solution supports a more collaborative, transparent and sustainable supply chain, in which brands and manufacturers establish and optimise ‘International Standard Time Benchmarks’ using standard motion codes and predetermined times. This use of a common language and standards supports accurate cost prediction, fact-based negotiation, and a more efficient garment manufacturing process, while concurrently delivering on CSR commitments.
Adrian Elliott, Divisional CEO, Apparel, Coats Group, adds: “Our team at Coats Digital is proud to have won two awards at the Just Style Excellence Awards. Our GSDCost solution is redefining efficiency and excellence in the fashion supply chain, enabling our global customers to stay ahead in an ever-evolving industry landscape.
GSDCost is an industry game-changer, providing unparalleled visibility and control over key production processes, empowering brands and manufacturers to drive innovation, reduce waste, and enhance sustainability and ethical working practices.
This recognition underscores our commitment to delivering value-driven solutions that transform fashion businesses’ operations. We are thrilled to see GSDCost making a tangible impact on the fashion industry and remain dedicated to pushing the boundaries of what’s possible in the digital arena.”
