Mercado Labs | Press Release | Mercado Labs to revolutionize the way importers and suppliers connect to improve the international supply chain

Mercado Labs to revolutionize the way importers and suppliers connect to improve the international supply chain

Press Release | Mercado Labs

Mercado Labs to revolutionize the way importers and suppliers connect to improve the international supply chain

June 27th, 2022
5 minute read
[Dallas, TX | June 2022]
Mercado Plan is a cloud-based platform designed to verify, educate, and inform suppliers throughout the end-to-end supply chain, from onboarding, to manufacturing, to logistics.
Mercado Labs has announced the release of Mercado Plan, a transformative technology designed to increase supply chain transparency by seamlessly connecting importers with their suppliers and partners to track, measure, and meet business-critical compliance and regulatory standards.

The launch of the new product (which is to sit alongside Mercado’s existing first mile suite that includes Mercado Buy for buying, finance, and supplier networks and Mercado Move aimed at logistics functions) is set to radically shift the way importing brands build relationships around external partners who are involved in the planning, buying, and moving of their products.

“Arguably the biggest issue facing importers today is the lack of visibility and transparency into their supply-side networks,” said Keith Katz, Mercado Labs Vice President of Product. “You don’t have to dig very deep to find countless examples of brands being exposed by convoluted, multi-tier supplier structures, all of which contributes to the fragility we’ve seen in the global supply chain over the past couple of years. Mercado Plan is designed to bring greater visibility, transparency, and trust to the ways in which businesses work and engage with their third party partners.”

In a time where consumers and stakeholders are becoming increasingly vocal about how brands impact people and the planet, the spotlight is now on businesses to proactively manage the supply-side of the global importing equation and focus on the areas that impact their environmental, social, and governance (ESG) standards—a market that is expected to exceed $1.3 billion this year.

“If the impetus from customers and investors wasn’t enough, we’re also seeing governmental regulation starting to shape the future of the importing world,” Katz said.

Although it is certainly not alone in its notoriously poor supply chain practices, the fashion industry has regularly been exposed by the media. This has led most notably to a crack-down on poor factory conditions (both at home and in the countries products are manufactured) and the introduction of protection for minority worker, including the recent Uyghur Forced Labor Prevention Act (UFLPA) which is set to enter into force on June 21, 2022.

"You don’t have to dig very deep to find countless examples of brands being exposed by convoluted, multi-tier supplier structures...Mercado Plan is designed to bring greater visibility, transparency, and trust to the ways in which businesses work and engage with their third party partners."
Mercado | Meet the Team - Keith Katz, VP Product
Vice President of Product

To tackle this directly, Mercado Plan is launching a range of complementary, pre-built courses to help businesses get started straight away. Most notably a UFLPA course that will directly address the new act and provide importers with a foundation to upskill and train their suppliers on what is required to meet the legal requirements.

It’s not just about tighter supply chain regulation, however. Mercado Plan is also set up to help importers go beyond supplier verification, with courses to support further education on the latest supply chain topics as well as communicate important updates across the entire supply network.

“In a time of great uncertainty, importers are being asked to catch-up on years’ worth of regulation in a matter of months,” said Mercado Labs CEO Rob Garrison. “We believe Mercado Plan will help give brands the confidence they need to build trust back into their partner relationships. We couldn’t be more excited to help shape the future of one of the world’s most critical industries.”

Businesses can find out more about how Mercado Plan can help their supply network by heading over to mercadolabs.com/plan.

Discover more about how Mercado’s digital supply network helps importers Plan, Buy, and Move the products they sell by visiting mercadolabs.com/online-importing or getting in touch with us directly here.
About Mercado
Mercado is an import order management system (iOMS) that connects and automates the global supply chain across the first mile (the initial 80% of your operations) by creating a digital order, so you can plan, buy, and move your products online with ease.

For more information, spokespeople, pictures, and interviews relating to this press release, please contact:
Mercado | Team - Kayleigh Hansen
Kayleigh Hansen
Marketing Manager
kayleighhansen@mercadolabs.com
Mercado | Bring Order to your Imports
                                               
© Mercado Labs Inc.
Designed by Studio Nine
From us to you...

Thank you for using Mercado. Our goal is to empower businesses to better navigate the complex world of importing. We know data security is of paramount importance, so we place high standards on ensuring it is safely and respectfully secured. We are committed to following and continuously evolving best practices to support this principle. Your data is yours, and we guard it closely. We do not sell any of your information, and we will always be fully transparent on how we collect and use your data. That's a promise.
Mercado | Bring Order to your Imports
                                               
© Mercado Labs Inc.
Designed by Studio Nine
From us to you...

Thank you for using Mercado. Our goal is to empower businesses to better navigate the complex world of importing. We know data security is of paramount importance, so we place high standards on ensuring it is safely and respectfully secured. We are committed to following and continuously evolving best practices to support this principle. Your data is yours, and we guard it closely. We do not sell any of your information, and we will always be fully transparent on how we collect and use your data. That's a promise.