Obi will be working with Tradebeyond, a provider of supply chain solutions for retail companies, to digitalise its supply chain. The spectrum ranges from supplier management to its sourcing, quality, order management, and production processes for their own sourcing organisation Obi Group Sourcing (OGS) in Asia.
Tradebeyond will replace OGS's existing manual systems with cloud-based solutions. These are based on real-time data and should enable the DIY chain to bring products to market faster and more cost-effectively. The implementation will take place in stages, with the first stage scheduled to go live at the beginning of 2024.
The company also links Obi's decision to the tightening of ESG regulations across Europe, including the upcoming EU directive on due diligence in corporate sustainability, which will require retailers to meet higher standards and collect more data than ever before.