Coats Digital’s GSDCost Solution Wins Innovation and Sustainability Awards

Coats Digital, the innovative software arm of Coats Group, is pleased to announce that its unique, industry-changing cost and time 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 received top accolades based on its innovative features, seamless integration, ability to significantly disrupt the fashion industry and for delivering real ROI while supporting a more collaborative, transparent and sustainable global fashion supply chain.

Just Style Excellence Awards is an independent recognition program based on GlobalData’s business intelligence. Its team of researchers and journalists, together with artificial intelligence, analyze over 1 billion data sets per year to recognize, endorse and rank the best companies and their achievements in over 200 countries. The program focuses on the following areas of excellence: business expansion, diversity, environment, financing, innovation, investment, mergers and acquisitions, marketing, product launch, research and development, safety and social issues.

Coats Digital’s GSDCost solution has won the Innovation – Supply Chain and Environmental – Technology Awards. Recognized for revolutionizing the fashion industry, GSDCost also improves operational efficiency, reduces waste and ensures fair labor practices. The awards underscore Coats Digital’s commitment to innovation and sustainability in the fashion industry.

Tina Ross, Rewards Manager at Global Datasaid: “On behalf of the Just Style Excellence Awards, I am delighted to congratulate Coats Digital on their double win in the GSDCost competition. This innovative software has set a new benchmark in the apparel industry, not only revolutionising supply chain efficiency and transparency, but also demonstrating an unwavering commitment to sustainability and ethical practices. Coats Digital’s success is a great example of how technology can be used to drive positive change and build a more responsible future for fashion.”

Coats Digital’s GSDCost solution won in the Innovation – Supply Chain category thanks to the following benefits:

– For introducing an advanced digital solution that changes traditional methods of cost calculation and forecasting production capabilities in the clothing industry.

– To improve supply chain collaboration and transparency through the use of a common language and standardized reference points.

– To enable brands and manufacturers to make informed, data-driven decisions that increase operational resilience and adaptability.

– To develop new functionalities enabling more effective and unbiased comparison of supplier capabilities and compliance with sustainability standards.

GSDCost also won the Environmental – Technology Award:

– For using digital technology to optimize garment production, leading to reduced waste and more sustainable production practices.

– for the contribution of the Fair Wage Tool to social sustainability by ensuring fair labour practices in line with environmental, social and governance (ESG) criteria.

– To reduce energy consumption and carbon dioxide emissions by improving the efficiency and productivity of production processes.

– For supporting the fashion industry in transitioning to more environmentally friendly operations through digital transformation.

Kunal Kapur, Managing Director, Coats Digitalsaid: “Everyone at Coats Digital is delighted that our unique GSDCost solution has been recognised with two prestigious awards at the Just Style Excellence Awards 2024. Coats Digital understands the critical importance of digitising the fashion supply chain to make it more agile, profitable and sustainable, and we are extremely proud that GSDCost has played a key role in helping us 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 customers on their journey to sustainable growth and success.”

Coats Digital’s GSDCost and pre-set times analysis solution is widely recognised as the de facto international standard in the sewn goods industry. The solution supports a more collaborative, transparent and sustainable supply chain where brands and manufacturers establish and optimise ‘international standard time reference points’ using standard movement codes and pre-set times. This use of a common language and standards supports accurate cost forecasting, fact-based negotiations and a more efficient garment production process, while also delivering on CSR commitments.

Adrian Elliott, General Manager, Apparel, Coats Groupadds: “Our team at Coats Digital is proud to have won two Just Style Excellence Awards. Our GSDCost solution redefines 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 breakthrough, providing unparalleled transparency and control over key production processes, enabling brands and manufacturers to innovate, reduce waste, and improve sustainability and ethical working practices.

This recognition underscores our commitment to delivering value-driven solutions that transform the business of fashion companies. We are excited to see GSDCost making a tangible impact in the fashion industry and remain committed to pushing the boundaries of what is possible in the digital sphere.”

Note: The content of this press release has not been edited by the Fibre2Fashion team.

Fibre2Fashion Press Office (HU)