ISPO Partners with WFSGI’s Global Labeling Requirements Database
MUNICH, Germany – The World Federation of the Sporting Goods Industry (WFSGI) teams up with ISPO, which is the largest platform and trade fair for the sports business, to enable the greatest possible number of businesses to benefit from the shared global labelling database. This is an online tool that provides worldwide information on labelling requirements for the sporting goods and bicycle industries, as well as other sectors facing the same challenges.
At the ISPO show, which started last Saturday and runs to February 6 with more than 2,800 exhibitors presenting their latest sports products, WFSGI and ISPO announced their partnership. The goal is to “Make the best-in-class labelling solution available to as many users as possible”, said Robbert De Kock, President & CEO of the WFSGI.
Database for all labeling requirements
The in March 2018 launched labelling database is to provide clear and ready-to-use information in a maze and blurry jungle of worldwide labelling information.It helps manufacturers, retailers and their supply chain partners to monitor and manage requirements, regulations and standards regarding all labeling requirements for the following product categories; apparel and textile, footwear, consumer electronics (wearables), personal protective equipment, sporting equipment and bicycles (including e-bikes). With easy access to these requirements companies avoid potential costly re-work, stop ships, product recalls, and ultimately revenue and brand damage.
Partnership with ISPO
WFSGI’s Robbert De Kock further said “We are thrilled to announce our partnership with ISPO. With it we can help more companies deal with the ever-changing and challenging product labelling requirements. Why go it alone when we can save time and money together? We invite all interested brands, across all sectors, to contact us to get access to this unique tool and take advantage of economies of scale “, said Robbert De Kock, President & CEO of the WFSGI.
World’s largest sports network
Klaus Dittrich, Chairman & CEO Messe München and responsible for the ISPO Group says: “As a long-term partner of the World Federation of the Sporting Goods Industry (WFSGI) we are very pleased to strengthen our relationships with this cooperation. The ISPO Group as the world’s largest sports network with a year-round communication platform can expand this service to manufacturers and brands worldwide. It is a great service for all brands reducing costs and risks on an international level. Thus, every subscriber will benefit from it.”
The WFSGI Compliant Labelling Requirements (CLR) Database has already proven its value, involving asics, BMC Switzerland, Canyon Bicycles, Columbia Sportswear, HEAD Sport GmbH, IIC-INTERSPORT International Corporation, New Balance Athletics, Nike, Pentland Brands, Sport 2000 International GmbH, Under Armour, and VF Corporation. This collaborative effort has already convinced several partners such as the Sports and Fitness Industry Association (SFIA) which represents enterprises located in America, to offer this service to its members.
The database gives companies up-to-date information on global labelling requirements in ”JUST 3 CLICKS”, helping them to avoid lost selling time and potential costly re-work, stop ships, product recalls, and ultimately revenue and brand damage.
Companies have direct access to labeling requirements, for both products [(i.e. apparel and textile, footwear, consumer electronics (wearables), personal protective equipment, sporting equipment and bikes (including e-bikes)] and packaging, covering 49 different countries around the world.
Reducing non-compliance costs
The WFSGI CLR Database is powered by C2P, Compliance & Risks’ knowledge management platform. “By bringing pioneering technology and content together in the WFSGI CLR Database, ISPO member companies and others will benefit from not just substantial cost savings, but also their teams become much more efficient and effective in their roles”, commented Jim Costello, Chairman and Chief Executive of Compliance & Risks. “Non-compliance costs are often hidden in a company’s profit and loss accounts, purely because of the nature of the expenses such as lost key season selling time, wasted manhours searching for regulations, and re-labelling. The WFSGI CLR Database allows companies to proactively reduce these costs and move to a more innovative approach in how they do their work.”
For more information on the WFSGI Labelling Database: contact, Ms Charlotte Giudicelli at firstname.lastname@example.org.