Factory evaluator Panjiva expanding into home rankings
December 10, 2008,
New York – Factory rating group Panjiva next year will expand beyond apparel to global manufacturers of home textiles, furniture, accents and a host of other product categories.
According to Panjiva ceo Josh Green, "These numbers paint a frightening picture of the state of the world’s suppliers. U.S. companies who maintain their customer base through the economic downturn may nevertheless find their survival threatened by the disappearance of their supplier base."
Green told HTT Panjiva will begin tracking home textiles manufacturers early next year. “Anybody serving the U.S. should be in the database by the end of the first quarter,” he said.
Panjiva has developed a program that pulls information from U.S. Government and international databases to rank suppliers on three dimensions: business basics, U.S. track record and standards compliance.
It also tracks what types of products a supplier ships, which materials it has used, what types of customers it serves (premium, mass, discount or niche), whether it is sending shipments to the U.S. in excess of its own capacity or whether its shipments to the U.S. suggest available capacity.
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