GLOBALNETXCHANGE And WORLDWIDE RETAIL EXCHANGE COLLABORATE TO SUPPORT ADOPTION OF RETAIL INDUSTRY DATA STANDARDS
CONTACT:
Melissa Gisler
GlobalNetXchange
415.283.3804 or mgisler@gnx.com
Laura Battle
For WorldWide Retail Exchange
312.233.1374 or laura.battle@edelman.com
For Immediate Release
November 19, 2001
Survey of Data Pools confirms agreement to implement standards by 2003
Alexandria, VA and San Francisco, CA. - November 19, 2001 - The WorldWide
Retail Exchange (WWRE) and GlobalNetXchange (GNX), two exchanges serving the
retail industry, announced the findings of a jointly sponsored survey of
retail industry data pools (local catalog providers) to determine their
readiness to adopt Global Commerce Initiative (GCI) data standards.
By sponsoring the survey, GNX and WWRE have taken a significant step towards
building consensus around the implementation timeframe for adopting
industry-approved standards. Survey findings indicate:
- Many data pools are already working toward providing clean,
standardized data by complying with GCI standards, including the ability to
host GCI data schema, the use of XML messaging and the adoption of
GCI-defined publication and subscription capabilities
- All respondents expect to adopt additional GCI data
standards by the second quarter of 2002
The detailed results of the survey will be shared with the members of each
exchange and GCI participants to help them prioritize which data pools they
will work with in the future.
"GNX recognizes that standards are an industry-wide issue, and that we need
to work with all interested parties to drive adoption of a common solution.
In jointly sponsoring this research, GNX is taking an active role in
accelerating the deployment of global data standards for the retail
industry," said Bharat Popat, vice president of product development for GNX.
"At the WWRE, we are developing a roadmap for worldwide collaboration among
trading partners," said Cindy Cruzado, director of exchange operations for
the WWRE "Global standards are essential to this process, and now that we
better understand market expectations, we can quickly facilitate development
and adoption of these standards."
Along with the survey, the two exchanges proposed a timetable for global
data pools to migrate their infrastructure to the emerging global standards.
All respondents indicated full compliance to the recommended phased
implementation approach by the end of the second quarter of 2003.
The data pool respondents - including content providers, B2B catalogues and
local standards organizations - represent more than 12,000 global
manufacturers and are available to more than 300 retailers worldwide.
Essential to the implementation of data standards, the data pools maintain
manufacturer item and party information from manufacturers for retailers to
use in their internal systems.
The data standards enable global data synchronization, the electronic
exchange of item and party information between manufacturers and retailers.
The benefits of data synchronization include: lower costs for organizations
to create and maintain item catalogues, accelerated new item release
throughout the supply chain and global access to item data through one
single source, each of which ultimately benefits the consumer.
About GlobalNetXchange
GlobalNetXchange, LLC is the leading global business-to-business online
marketplace for the retail industry, open to all retailers and suppliers.
GNX creates value for partners by helping streamline and remove costs from
the supply chain. GNX equity partners include many of the world`s largest
retailers: Carrefour, SA; Karstadt Quelle; Kroger Co.; Metro AG; J.
Sainsbury Plc; Coles Myer; Pinault-Printemps-Redoute SA; and Sears, Roebuck
and Co. More information is available at www.gnx.com.
About the WWRE
The WWRE is the premier Internet-based business-to-business exchange in the
retail e-marketplace. The Exchange was created with the fundamental purpose
of reducing costs and improving efficiencies throughout the supply chain,
employing product and service solutions typical of a global procurement and
supply operation. Designed to facilitate and simplify trading between
retailers, suppliers, partners and distributors, the WWRE currently consists
of 59 retail members from Africa, Asia, Europe, North America and South
America with combined sales of over U.S. $830 billion. To date, the WWRE has
saved its members over $212 million through the use of online negotiations,
its first product offering. For more information, visit the website at
www.wwre.org or www.worldwideretailexchange.org.
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