Resilience has been a popular theme for toymakers since the beginning of 2020 — quickly becoming a common goal for every business — given the challenges we are all still facing due to the coronavirus pandemic.
A resilient business can thrive through disruptive market challenges if it has the right information available at the ready, which enables confident and prompt decision-making. The ICTI Ethical Toy Program (IETP) is a resource to help businesses navigate through the complexity of the global supply chain, supporting them with real-time reporting and helping them achieve their ESG (environment, social, and governance) objectives throughout the sourcing and product development process.
More than two-thirds of the world’s toys are produced in IETP-certified factories, and more than 80% of these factories are located in China. Soon after we learned about the COVID-19 outbreak in China, IETP adapted quickly to ensure our services supported buyers and factory members to prepare for the risk of supply chain disruption and its potential impact on the well-being of factory workers.... Read the full article as we disucss the support and transformation we've had in order to help toy businesses with our ongoing support
This article was originally published in the May 2021 edition of the Toy Book. Click here to read the full issue!