Fashion sourcing is being hit by a tsunami, Frank can help you weather the storm old
In many respects, the fashion industry has long been on a downward-spiraling trajectory. Systems and processes first established as far back as the Industrial Revolution were made to maximize quantity, with little thought given to excess inventory. This model has largely endured – and the excess factor has only grown in severity.
Inventory produced by fashion now exceeds 150 billion garments annually, 92 million tonnes of which is excess (aka waste). Despite numerous efforts to slow down this pace, little long-standing impact has been made. Perhaps outside forces beyond our control are the only thing to prompt real change. Perhaps those forces are now coming to fruition.
Global trade wars are causing quite a headache – not only for fashion, but for the entire global market. As things are looking, current models of operation will require either price hikes or the absorption of costs by businesses themselves, neither of which are likely to be viable long-term solutions. Given this information, a major change to the industry is necessary. And that change is possible with just the right tool.
Frank is the world’s first AI fashion assistant, and is here to help brands and suppliers do what they do more efficiently, transparently, and sustainably. While these qualities may have once been nice-to-have, they’ve suddenly become a requirement to survive as a business. And now, they’re at your fingertips.
What’s so special about Frank?
Frank is truly a unicorn within the fashion industry. This AI-powered sourcing expert can provide both brands and suppliers with the knowledge and capacity to ease their sourcing process and facilitate collaboration, all in one place.
Frank for brands
Knowledge is key when it comes to fashion sourcing for brands – and Frank offers the knowledge brands need to make confident sourcing decisions. This bear’s advanced search capabilities enable brands to discover the materials they’re after as well as in-depth data on each one in seconds. Brands can compare materials and sort data with just a few clicks, and also import and export data from various software products.
By sourcing with Frank, brands benefit from streamlined communication and collaboration with suppliers, organized by project. Messages are easy to find, and teammates can quickly jump in for a full overview to catch up on exactly what’s happening.
Frank for suppliers
Balancing the creation of products with managing their sourcing can be tricky; with Frank, the workload of sourcing can be essentially removed. All material data is made available within the platform alongside high-quality visuals, offering brands a clear overview of each fabric.
Frank also stays on top of the latest trends, tariffs, legislation, and other relevant happenings around sourcing today. And all communication with brands is found and organized within this one-stop-shop. Simply said, working with Frank allows you as a supplier to focus on what you do best: producing superior products for fashion. Frank takes care of the rest.
The fashion industry has been in need of some drastic changes for a while – and now may be the time to make these changes happen. It’s possible with Frank. Localizing supply chains, narrowing down material selections, staying informed – it’s all part of the package. With Frank, fashion stakeholders won’t just survive the wavering markets – they’ll thrive.
If you’d like to see how he can help your business streamline operations, be sure to book a demo with us here:
Some things are out of our control – how we respond isn’t. Frank is offering fashion stakeholders the opportunity to rebuild the industry through efficient, resilient, and sustainable fashion sourcing. Are you with us?