REPORT SHOWS CONSUMER GOODS COMPANIES AND RETAILERS FAILING TO ADDRESS GLOBAL SUPPLY CHAIN RISK
66% Rely on Physically Visiting Factories to Benchmark Suppliers and Manage Risk; Many Still Rely on Fax, E-mail and Phone to Transact with Suppliers

NEW YORK, Aug 26, 2008 - TradeCard, Inc., the leading supply chain collaboration platform, has released a survey report examining the level of supply chain automation in-place at retail and consumer goods companies to collaborate with trade partners, ensure compliance and handle risk. The study shows consumer goods companies and retailers are surprisingly placing very little emphasis on proactively monitoring supply chain risk.

"Many companies today still rely on slow manual processes that offer only limited visibility," said Esther Lutz, vice president of business development at TradeCard, Inc. and author of the report. "This lack of visibility leaves them exposed to risk when events requiring rapid change occur. Our study shows most companies are taking a reactive approach to risk, as opposed to a proactive approach that could help minimize the impact of disruption and protect bottom line results early in the cycle."

According to the report, 66% of companies in the consumer goods and retail space rely on physically visiting factories to benchmark suppliers and trade partners, and manage risk; and they rely on fax, e-mail and phone to transact with suppliers. The report shows 60% of those surveyed identified strategic programs, such as private labels, direct shipments and postponement, as high priority company goals and initiatives. However, the study indicates that many have not put technology in place to support efficient execution of these strategies, exposing risk onto themselves in various forms.

The report can be downloaded free of charge at http://www.tradecard.com/supplychainriskreport. Findings of the study will be presented in a webinar on September 30th at 2 p.m. (EST). Sign up to attend the webinar at http://www.tradecard.com/webcasts.

Lutz added, "As companies initiate new overseas sourcing programs they face a number of barriers and heightened complexity. Currencies, customs and time zones are just a few forms of risk to be addressed. Increased complexity of transactions requires companies to change the way they view and assess supply chain risk. A holistic approach that includes all supply chain parties involved in the process and identifies potential weak points can protect the bottom line."

TradeCard helps retailers and brands source smarter and faster through a rapidly deployed network that enables the extended supply chain. TradeCard's services and global trading partners are delivered on a software-as-a-service supply chain platform that connects buyers, suppliers and service providers. TradeCard helps clients that range from $10 million to over $20 billion in revenue to transform the supply chain into a true value chain by eliminating waste and delay from the sourcing process. Financial services available on the TradeCard Platform help companies of all sizes to better compete by improving margin and cash flow. TradeCard's software-as-a-service delivery model and global support team enable rapid deployment in as little as 45 days.

About TradeCard, Inc.
TradeCard, Inc. is the leading supply chain collaboration platform. The TradeCard Platform synchronizes financial transactions with physical events in the global supply chain to help customers automate trade transactions from purchase order to payment and chargebacks. Buyers, sellers and their trading partners manage transactions through a web-based platform with online financial services integrated into the workflow. This turnkey transaction management enables customers to improve margins and enhance growth, with extra-organizational supply chain visibility. TradeCard's on-the-ground trade experts throughout the world assure superior supply chain agility.

TradeCard manages global trade for thousands of users in over 40 countries, including Columbia Sportswear, Rite Aid and Wolverine Worldwide. TradeCard Inc. is headquartered in New York City and has offices in San Francisco, Hong Kong, Brussels, Taipei, Seoul, Colombo, and Shenzhen. TradeCard is located online at www.tradecard.com.

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