The Royal Group has done a deal with Commerce One to build a global B2B e-marketplace for the textile industry. The new venture, Textile Global Trade (TGT), is aimed at interconnecting textile companies, enhancing worldwide supply chains, increasing efficiency and reducing costs.
“E-commerce in the textile sector is not comparable with e-marketplaces in other industries,” said Silvana Nappo, strategic director of the Royal Group. “Brokers, intermediaries, wholesalers and trade reps all have to exchange information. In a market where trading is conducted as fast as on the stock-market, complex transactions have to be versatile, simple, yet very reliable.”
“The Royal Group wanted an industry-leading e-marketplace solution to manage the complete end-to-end supply chain,” said Paul Taylor, vice president of Commerce One EMEA. “Commerce One plans to work with the Royal to deliver that capability, tailored to the requirements of the textile marketplace, in TGT.”
The Royal Group is a pioneer in the application of business-to-business technology solutions for the textile industry. It is based in Monte Carlo, in the principality of Monaco.
Through its products and services, Commerce One creates access to worldwide markets, allowing anyone to buy from anyone, anytime, anywhere. The Global Trading Web is the world’s largest B2B trading community. Composed of many open e-marketplaces, it provides unprecedented economies of scale for buying organizations, suppliers, and service providers worldwide. The company’s base is in Pleasanton, California.