Latest news with #DigitalProductPassport
Yahoo
06-08-2025
- Business
- Yahoo
World's First Digital Product Passport Universal Framework Launched Forging a New Digital Mutual Trust Foundation for Global Sustainable Development
BEIJING, Aug. 05, 2025 (GLOBE NEWSWIRE) -- The "Symposium on International Cooperation for Digital Product Passport (DPP) and International Standards for Entire Lifecycle Management," organized by Zhongguancun Industry & Information Research Institute of Two-Dimensional Code Technology (ZIIOT), International Identification Code Industry Alliance (ICA), and the IEC 63538 Working Group, concluded successfully in Beijing. It unveiled the groundbreaking MA-DPP Universal Framework V1.0, an open international public good, providing standardized solutions for global supply chain digital transformation while seeking worldwide partners for joint implementation to facilitate smooth and stable global supply upon the IEC 63538 international standard "Life-cycle events: information models and services," MA-DPP Universal Framework will offer global foundational framework, cloud, and open interface services, providing unified, convenient, and trusted digital infrastructure for global supply chain collaboration, empowering all participants to jointly build a global DPP ecosystem. Zhang Chao, Secretary-General of ICA and President of ZIIOT, likened it to a "digital utility tunnel" and a key tool to boost industrial chain resilience and green transformation, solving common challenges of data interconnection, mutual recognition, and sharing throughout symposium witnessed the debut of MA-STEEL-DPP Public Service Platform based on this framework, marking the official transition of DPP from theoretical innovation to industrial practice. MA-DPP Global Ecosystem Partners Program was simultaneously initiated, aggregating industry leaders, technology solution providers, and localization service providers. Collaboration models include technology licensing, joint R&D, and market promotion, with over 20 renowned enterprises including Siemens already joining. The event drew widespread international attention. Former European Parliament member Jo Leinen described it as "a critical milestone in global industrial digitalization, signaling a new stage of standardized, trust-based international cooperation." Rainer Schrundner, Chair of IEC/TC65, presented updates on EU DPP system and highlighted the pivotal role of IEC 63538 international standard, noting this framework would significantly enhance global supply chain connectivity. Olaf Wilmsmeier, Vice Chair of ETSI TG34, stated: "MA Identification System fully complies with all technical requirements of EU DPP and will strongly support the implementation of European Green Deal."MA-DPP Universal Framework offers cutting-edge digital tools and new opportunities to participate in green supply chain development. ICA will accelerate international standard development, strengthen collaboration with industry leaders worldwide to promote localized implementation, and jointly inject strong momentum into advancing global sustainable development. International Identification Code Industry Alliance (ICA)Gloria Wanginfo@ Photos:
Yahoo
06-08-2025
- Business
- Yahoo
World's First Digital Product Passport Universal Framework Launched Forging a New Digital Mutual Trust Foundation for Global Sustainable Development
BEIJING, Aug. 05, 2025 (GLOBE NEWSWIRE) -- The "Symposium on International Cooperation for Digital Product Passport (DPP) and International Standards for Entire Lifecycle Management," organized by Zhongguancun Industry & Information Research Institute of Two-Dimensional Code Technology (ZIIOT), International Identification Code Industry Alliance (ICA), and the IEC 63538 Working Group, concluded successfully in Beijing. It unveiled the groundbreaking MA-DPP Universal Framework V1.0, an open international public good, providing standardized solutions for global supply chain digital transformation while seeking worldwide partners for joint implementation to facilitate smooth and stable global supply upon the IEC 63538 international standard "Life-cycle events: information models and services," MA-DPP Universal Framework will offer global foundational framework, cloud, and open interface services, providing unified, convenient, and trusted digital infrastructure for global supply chain collaboration, empowering all participants to jointly build a global DPP ecosystem. Zhang Chao, Secretary-General of ICA and President of ZIIOT, likened it to a "digital utility tunnel" and a key tool to boost industrial chain resilience and green transformation, solving common challenges of data interconnection, mutual recognition, and sharing throughout symposium witnessed the debut of MA-STEEL-DPP Public Service Platform based on this framework, marking the official transition of DPP from theoretical innovation to industrial practice. MA-DPP Global Ecosystem Partners Program was simultaneously initiated, aggregating industry leaders, technology solution providers, and localization service providers. Collaboration models include technology licensing, joint R&D, and market promotion, with over 20 renowned enterprises including Siemens already joining. The event drew widespread international attention. Former European Parliament member Jo Leinen described it as "a critical milestone in global industrial digitalization, signaling a new stage of standardized, trust-based international cooperation." Rainer Schrundner, Chair of IEC/TC65, presented updates on EU DPP system and highlighted the pivotal role of IEC 63538 international standard, noting this framework would significantly enhance global supply chain connectivity. Olaf Wilmsmeier, Vice Chair of ETSI TG34, stated: "MA Identification System fully complies with all technical requirements of EU DPP and will strongly support the implementation of European Green Deal."MA-DPP Universal Framework offers cutting-edge digital tools and new opportunities to participate in green supply chain development. ICA will accelerate international standard development, strengthen collaboration with industry leaders worldwide to promote localized implementation, and jointly inject strong momentum into advancing global sustainable development. International Identification Code Industry Alliance (ICA)Gloria Wanginfo@ Photos: in to access your portfolio
Fashion United
04-08-2025
- Business
- Fashion United
Fashion's digital reckoning: Why the EU's Product Passport mandate will reshape the Industry
As the European Union tightens its grip on environmental regulation, fashion brands across the continent, and beyond, are bracing for a seismic shift. At the heart of the upcoming regulatory wave lies the Digital Product Passport (DPP), a central feature of the Ecodesign for Sustainable Products Regulation (ESPR), which becomes enforceable in 2026. This legislation, which aligns with the EU's broader circular economy and sustainability agenda, will make DPPs mandatory for key sectors including textiles and footwear. These digital passports are designed to store and communicate a product's environmental credentials, from material composition and recycled content to carbon footprint, repairability, and supply chain traceability. Beyond compliance: A new value framework The European Commission, which launched a public consultation on DPP implementation earlier this year, is clear on its ambition: to equip consumers, regulators, and businesses with credible data to support sustainable decision-making, and to reduce environmental harm. However, for fashion brands, the implications stretch far beyond regulatory compliance. According to a June report by Bain & Company and eBay, DPPs could effectively double the lifetime value of fashion products, particularly through resale and aftercare markets. 'DPPs are more than just checking a compliance box,' said Aaron Cheris, partner at Bain & Company. 'They are a foundational shift in how value is created, captured, and sustained over a product's lifetime.' The report suggests that up to 65 percent of the added value could accrue to consumers through improved resale, rental, and repair services, enabled by digital traceability. For example, a garment originally sold for 500 pounds could yield an additional 500 pounds ver its extended lifecycle, says Global Data. Alexis Hoopes, Global VP of Fashion at eBay, reinforced this outlook: 'Digital Product Passports are critical to powering the future of circularity in fashion. Better product data means smarter buying, responsible selling, and more trust across the resale ecosystem.' Cost, complexity, and a fragmented landscape Yet for many industry players, particularly small and medium-sized enterprises (SMEs). the path to compliance is steep. Implementing a DPP system entails not only data digitization and infrastructure investment, but also deep visibility into often opaque supply chains. For artisanal producers in regions like Florence or Kyoto, questions abound: will a handcrafted label suffice, or must every button and thread be digitally documented? Moreover, the absence of harmonised standards remains a major sticking point. Without a unified protocol governing what data a DPP must contain, and who controls it, the risk of fragmentation and confusion looms large. There are also unresolved concerns around data ownership, privacy, and platform governance, particularly in regard to how consumer or product data may be monetised. These uncertainties have led some critics to warn of potential digital greenwashing, where DPPs become a surface-level compliance tool rather than a driver of meaningful environmental progress. Unless rigorously verified and standardised, they argue, DPPs could be co-opted for marketing purposes, undermining their credibility. The end of "business as usual?" Despite these hurdles, the direction of travel is unmistakable. By 2026, fashion products sold in the EU must carry DPPs containing standardised sustainability and traceability data. Items that fail to meet minimum requirements, such as those made from unrecyclable blended fibres or lacking durability, may be barred from the EU market altogether. Restrictions are also expected on the destruction of unsold goods, a practice endemic in fast fashion. Brands will need alternative strategies for inventory management, including resale, repair, or donation, rather than offloading excess stock to developing countries. As such, the ESPR deadline is not merely an administrative hurdle, it is a market access regulation. Brands that are unprepared face not only exclusion from the EU but also potential reputational fallout and financial penalties. From burden to business opportunity For forward-looking companies, however, the regulation offers more than just risk mitigation. The Bain eBay report urges brands to view DPPs as revenue tools, capable of unlocking lifetime value beyond the initial point of sale, strengthening consumer relationships, and opening direct channels to the booming secondhand market. As the resale economy gains scale and consumers grow more discerning, early adopters of DPP infrastructure may find themselves at a competitive advantage. 'The brands investing today in digital infrastructure, consumer engagement, and circular business models,' Bain writes, 'will be tomorrow's leaders in data-driven, sustainable fashion.' In a sector long defined by opacity and overproduction, the Digital Product Passport may just be the key to reshaping fashion's future, from one of disposable speed to enduring value.
Yahoo
29-07-2025
- Business
- Yahoo
European Port Congestion is ‘Here to Stay' Through 2025
Congestion at European ports has been a common theme throughout the first half of the year, and there's very little sign that it will letting up any time soon. Vessels are enduring wait times of up to 10 days for a berth in the Port of Rotterdam's World Gateway Terminal, according to a customer advisory from HMM (Hyundai Merchant Marine) released Tuesday. More from Sourcing Journal China Threatens to Block $23B Port Deal Without Cosco Stake: Report What's the Status on Digital Product Passport Implementation? Trump Touts Trade Truce With Indonesia, Indicates India Might Not Be Far Behind The port's other major terminal, ECT, has a two-day wait for late arriving ships, but is enduring low labor turnout and longer-than-usual waiting times for trucks during peak hours. On Tuesday, Europe's largest seaport acknowledged what it called 'exceptional congestion' that has led to the wait times, mainly on land. 'Various causes, such as the transition to new sailing schedules (phasing in and out of services), high call sizes, changing alliances, work interruptions and challenging weather conditions at the beginning of the year have led to increasing waiting times on the land side of the deep-sea terminal operations,' the Netherlands-based port said. Although the Rhine River has experienced low water levels in 2025, the situation has 'not yet had a demonstrable negative effect on container handling' in the first half of the year, according to the port. Linerlytica data says Rotterdam has the fifth-most 20-foot equivalent units (TEUs) at anchorage among all ports, only behind three of China's biggest ports (Shanghai, Ningbo and Qingdao) and Singapore. Operational issues have befallen the Port of Antwerp-Burges as well, with its Noordzee Terminal seeing an average waiting time of 1.5 days, according to HMM. While the ocean carrier said dwell times were slowly improving, it also noted the period where containers can be accepted at the terminal's yard has been reduced from seven days to five days. Like Rotterdam, Antwerp has also dealt with heavy trucking congestion outside the port, complicating matters PSA, the terminal's operator, is suggesting truckers to consider truck slots during the night, and is imposing extra costs for those picking up cargo during peak hours. The port also attributed its own problems to other areas, including multiple labor strikes in recent months and supply chain shifts. 'Container ship arrivals remain irregular due to disruptions dating back to the Covid crisis, further exacerbated by rerouting around the Cape of Good Hope to avoid the Red Sea. The recent reshuffling of container alliances has temporarily led to simultaneous vessel calls and high cargo volumes,' said the port in a press release. 'Poor schedule reliability is complicating terminal planning: containers remain on site longer, and vessels are arriving with increasingly large loads.' Adding to the concerns at Europe's top two ports, as well as others like Hamburg and Bremerhaven in Germany and Valencia and Algeciras in Spain, more ships are flowing throughout the continent, particularly throughout Northern Europe. Intra-North European service capacity has grown by 17 percent, or 43,000 TEUs, compared to July 2024, according to data from Alphaliner. Carriers deployed more ships (235 compared to 223) in intra-North European services with a larger average size (1,253 TEUs vs. 1,128 TEUs). 'In terms of seasonality, July is typically the month wherein the most cargo is loaded from Far East to Europe, which means arrival into European ports in August and September,' said Lars Jensen, CEO of container shipping consultancy Vespucci Maritime, in a LinkedIn post. 'The lack of progress in removing port congestion in Europe is worrying seen in the light of this coming peak load of cargo.' According to E2open's Ocean Shipping Index, Rotterdam and Hamburg were the top two global ports contributing to longer export time performance in the second quarter. Vessels out of Rotterdam took 42 days to get to their destination on average, a three-day (7 percent) increase from the year prior. Ships sailing from Hamburg had an average journey of 43 days, or two days (5 percent) more than the prior-year period. 'The bad news is [port congestion is] here to stay for the remainder of 2025, causing operational disruption and pushing freight rates up,' said Peter Sand, chief analyst at freight benchmarking platform Xeneta, in commentary posted July 8. As of Friday, average spot rates from the Far East to Northern Europe were up 18 percent compared to end-June, Sand noted. The trade lane has seen container prices skyrocket 78 percent since the end of May to $3,410 per 40-foot equivalent unit, driven heavily by the congestion. 'Carriers have been forced to revise service schedules, whether that is avoiding port calls in congestion hot spots or calling at ports they would not ordinarily do so,' said Sand. 'This causes disruption that becomes exponentially difficult to unwind and another painful headache for shippers.' This month, Gemini Cooperation partners Hapag-Lloyd and Maersk announced their NE4/AE5 service on the Asia-to-Europe trade lane will temporarily operate with a revised port rotation starting in September. Hamburg will be called before Bremerhaven, and ports in Aarhus, Denmark and Gothenburg, Sweden will be added to the rotation. With these adjustments, the carriers aim to improve schedule reliability and address the fluctuating congestion. Additionally, Mediterranean Shipping Company (MSC) has adjusted its Asia-to-Northern Europe services, taking two port calls out of Antwerp. The Swan service will swap out Antwerp for the U.K.'s Port of Felixstowe, while its Britannia service will drop an inbound call at the Belgian gateway. Changing port calls isn't the only way carriers are trying to improve service throughout the ongoing disruptions. Hapag-Lloyd is introducing a 125-euro ($146) booking cancellation fee from Northern Europe as of Aug. 15. This fee applies to containers that are cancelled, reduced, rebooked within five calendar days before the scheduled estimated time of departure, or not loaded for any other reason. The fee is valid for all trades and container types. 'This update supports our efforts to reduce operational disruptions and maintain a high level of service reliability by minimizing the impact of last-minute booking changes, improving planning accuracy and equipment availability and ensuring fair access to vessel space for all customers,' Hapag-Lloyd said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
GSM Arena
18-06-2025
- GSM Arena
NFC 15 comes with improved range and better features
NFC Forum introduced version 15 of the NFC (Near Field Communication) standard. The most notable upgrade is the extended communication range. It's now 2 cm, up from 0.5 cm. This makes tasks such as contactless payments faster and more stable. With the increased range, the NFC no longer requires precise device alignment and enables more consistent connections. The new NFC 15 benefits compact devices like smartphones and wearables the most. The new NFC standard should reduce failed tap payments, for example, and simplify NFC use. It also enables smoother interactions in public transport, better "digital keys" experience and easier wireless charging alignment. Despite the extended range, the NFC Forum says the new standard doesn't compromise security. It remains a proximity-based feature and protects contactless payments. NFC 15 also brings support for Digital Product Passport (DPP) allowing brands to store product lifecycle data using the NFC Data Exchange Format (NDEF). The NFC 15 standard's technical specifications are already available, while public access and compliance certification will begin this fall. Source
