Sustainable Supply Chain Risk Management

Hanbo, a one-stop apparel supply chain solution provider, strives to mitigate risks in the whole supply chain process, such as price, quality, quantity, delivery, and compliance. We aim to provide solutions to improve supply chain sustainability, transparency, and visibility.

Sustainability

Case Study – Long-term Partnership, Lower Supply Chain Risks

Business Challenge:

  • Bangladesh building collapse in 2013 and fire in a garment factory increases compliance risks in garment producing countries.

  • Prices of raw materials (e.g., cotton) fluctuate and higher wages increase price risks and cost in Asia

 

Solution:

  • Expand production basses and supplier network to balance the advantages and disadvantages in different countries of production and mitigate the risks of a significant increase in labor cost.

  • Establish long term partnership with 3rd party manufacturers and closely monitor their performance, such as factory compliance, material consumption, etc. 

 

Key Benefits:

  • Reliable supplier and production network to mitigate environmental risks due to political instability, policy changes, and natural disaster

  • High scalability and reliability to handle any volume

  • Lower supply risks of price, labor costs, compliance

  • Lower demand risks, the flexible capability to adapt to consumer preference change

Transparency

Hanbo, a one-stop apparel supply chain solution provider, strives to mitigate risks in the whole supply chain process, such as price, quality, quantity, delivery, and compliance. We aim to provide solutions to improve supply chain sustainability, transparency, and visibility.

Business Challenge:

  • Hidden costs in global sourcing increase supply and process risks

  • Inadequate information sharing causes a delay in communication and agency conflicts

 

Solution:

  • Offer a transparent pricing strategy with the ‘first sale’ program, inform the ‘actual price’ to customers, do not request rebates from contract manufacturers

  • Pricing is transparent to Hanbo employees and contract manufacturers

 

Key Benefits:

  • Reduce import custom duties

  • Clearly, understanding the actual product cost (associated with manufacturing) and the actual service cost (provided by Hanbo)

  • Customers can evaluate the performance of Hanbo and its 3rd party manufacturers more accurately

  • Lower cost of sales and higher operating income for Hanbo’s customers

Visibility

Case Study – ComLink, Supply Chain Process Traceability

Business Challenge:

  • Customers rely on their vendors to deliver products on time but do not have full visibility beyond their contact point

  • Lack of updated information during the manufacturing process increases supply risks of delayed delivery

 

Solution: 

  • Hanbo has developed a suite of website, mobile and RFID applications to capture order status at the finger-tips

 

Key Benefits:

  • Easy to track factory information and the production progress

  • 24-Hour information sharing for quick response to customers

  • The more efficient and effective response to market dynamics 

  • Reduced time in the communication process

 

Caring and Giving

Out Go Green Office

  • All printers are set to double-side greyscale printing by default

  • Place a scrap paper box by the printers so employees can reuse the scraps from failed print jobs

  • Recycle everything possible

  • Add plenty of indoor plants to help filter out air pollutants

  • Donate office leftovers

  • For others, see our green office policy

 
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Better School Foundation

The Better School Foundation is a non-profit benefit organization founded in 2005.

 

The Better School Foundation has a simple but clear purpose – supporting the underprivileged children and young people in Asian countries, providing quality education with financial support to them. The Foundation has been granted Tax Exemption under Section 88 of the Inland Revenue Ordinance in 2015.

We have sponsored 4 primary schools in Cambodia, 1 primary school in China and 1 primary school in Bangladesh since 2012, by providing all necessary equipment and building a library, washing area, and solar-powered water system. We organize volunteer abroad program to help the underprivileged children and teach them practical skills that they can use in the future, thus creating a sustainable environment.

 
 

Our Sustainability Report

Hanbo’s 2019

We show up in a big way!

Each year we produce our comprehensive sustainability report. Our aim is to provide a transparent account of progress against Hanbo’s sustainable working environment through engaging, insightful and evidence-based reporting. We’ve also included other important documents, such as our Code of Conduct and office policy. It is published online only.

 

Our Strategy for Sustainable Growth

We believe that sustainable growth is the only way to create long-term value for our stakeholder. This is why we place sustainable supply chain, sustainable working environment at the heart of our business model.

At Hanbo, our ambition is to grow in ways that are good for people, good for the planet, and good for our business. The Sustainable Development Goals (SDGs), offer a powerful guide for the next generation of growth. 
 

We believe that sustainable growth is the only way to create long-term value for our stakeholder. This is why we place sustainable supply chain, sustainable working environment at the heart of our business model.

At Hanbo, our ambition is to grow in ways that are good for people, good for the planet, and good for our business. The Sustainable Development Goals (SDGs), offer a powerful guide for the next generation of growth. 
 

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A new way of doing business

While the traditional supply chain setup is now being challenged, retailers and manufacturers are starting to rethink their sourcing, production and supply chain models. 

 

Hanbo realizes the importance of sustainability and would like to change the way we do business. We aim to be a sustainable supply chain manager, not only in the apparel industry but also along with other industries. We don’t pretend it will be easy. Change never is. But we promise to do our best, we know the transformation has to begin with ourselves. Therefore, we start with our employees and culture, then our industry.