Downey, a 24-year industry veteran, has joined as FurnishNet 's chief industry analyst. Fashionchain , the e-commerce division of Essentus, Inc. , announced a partnership with Garmentrade Corporation , a trading exchange and application provider to the Apparel Fabric and Trim industry. Under the partnership, Garmentrade will provide Fashionchain's Sourcing Server collaboration and supply chain visibility functionality via the Web to its target markets. Beyond visibility, the joint product will provide actionable contingency management for sourcers and manufacturers of apparel products. Ultimately, Fashionchain hopes to provide the sourcing engine to a variety of public and private trading exchanges, and do its part to eliminate empty store fixtures among apparel retailers.
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