Inditex faces supply chain scrutiny amid record profits
The Spanish group got the lowest grade on traceability amid 52 companies recently analysed by NGO Remake World.
Inditex, the worldâs largest fast fashion retailer and owner of seven brands including Zara, is being pressured by investors and NGOs to disclose its full list of suppliers amid record growth and profits.
The group recently reported a 14% increase in sales in 2023, with net income jumping more than 30% to âŹ5.4 billion, and sustainability identified as âa key partâ of its growth strategy. But while Inditex is investing heavily in circular materials and sustainable innovation, it lags behind competitors on supply chain transparency â an increasingly material topic for investors and regulators.
