Tracing the history of what you buy

How to make sure the cotton in your shirt wasn't picked, say, by child laborers.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
By Marc Gunther, contributor

Laguna Niguel, Calif. (Fortune) -- Where was the cotton in your shirt grown? Who mined the gold in your wedding ring? What forest produced the paper in the magazine you are reading?

You almost surely don't know, but a growing number of brands and retailers want to dig deep into their supply chains to better understand the roots (sometimes literally) of the products they sell. Their goal: to avoid risks and enhance their reputation as "green" business leaders, says Tim Wilson, the 41-year-old CEO of Historic Futures, a little British company that is riding a big idea in sustainability, known as traceability.

Using Internet-based systems and RFID tags, Historic Futures tracks such commodities as cotton and gold through the long and previously opaque supply chains of Wal-Mart (WMT, Fortune 500), Gap (GPS, Fortune 500) and Patagonia, among others. "If you don't know where your stuff is coming from," Wilson asks, "how can you have a sustainability program?"

So, for example, Wal-Mart's "Love, Earth" brand of gold and silver jewelry invites consumers to visit a website to find the source of their precious metals - and to be assured that it's not a dirty mine in a poor country.

Patagonia's "Footprint Chronicles" website tracks the journey of a T-shirt through the global economy, revealing its carbon footprint, water usage and miles traveled. The British retailer Tesco (TESO), which has pledged not to sell anything made with cotton picked by child laborers in Uzbekhistan, now traces its dry goods through several tiers of suppliers to make sure it can keep its word.

Wilson, who previously wrote software for farmers, came up with the idea for Historic Futures after mad cow disease devastated the British beef industry. The outbreak began with as few as 100 sick cows, but no one knew how to find them.

His company's tagline - "The Future is History" - is not an apocalyptic prediction but an expression of the idea that brands and consumers eventually will want to understand the history of everything they buy. To top of page

CompanyPrice% Change
Kelly Services Inc 11.31 10.23%
Terex Corp 20.95 9.06%
Alcoa Inc 15.79 8.30%
BlueLinx Holdings Inc 3.35 7.37%
Dec 21 3:53pm ET †
IndexLast% Change
Dow Jones10,414.140.83%
Nasdaq2,237.661.17%
S&P 5001,114.051.05%
10yr97 16/32Yield: 3.67%
Dec 21 †
CompanyPrice% Change
LSI Corp 5.97 6.42%
SanDisk Corp 26.64 6.22%
Micron Technology Inc 9.29 5.75%
Advanced Micro Devices Inc 9.52 5.19%
Dec 21 3:58pm ET †
More Galleries
Class of '09: They got jobs! In August, CNNMoney asked nine recent grads about their job search. Six months after graduation, all of them are working at least part-time. More
Meet the hardest working Santas This is no part-time gig for these St. Nicks. They've carved out a profession warming kids' hearts during the coldest time of year. More
What we'll drive next These 6 insurgent automakers are outmaneuvering the Big Three to shape the future of the automobile. More
Sponsors

© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Advertising Practices.
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.