The material supply chain is a long and convoluted labyrinth with little information available around each step and what’s come before it. On this Earth Day 2022, the theme of which is Investing In Our Planet, we’re diving into the supply chain transparency issues that surround material sourcing – and what’s being done to change them.
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Digital Sourcing Market Report 2021
This report to provide insights into the fundamental shifts occurring for footwear brands, apparel brands & material suppliers on how they interact with materials in the digital world.
What do watchstrap maker Thomas Schori in Switzerland, watch designer Greg Verras in Detroit, and scientist-turned-plastic-salvager Dr. Michel Pardos in Thailand have in common? Find out in a recap of our Chief Sustainability Officer Kelly Burton’s presentation at last week’s Sustainability Summit hosted by Fashiondex and LIM College. Salvaging plastic has never been this exciting.
Design for disassembly footwear solutions is gaining momentum; that is, the concept of assembling and disassembling pattern pieces and components. Each product/concept is built to be remade, re-examining how to approach end-of-life creatively and incorporate this into a circular economy.
Fully recycling shoes would be very complex as there are so many pattern pieces, often involving many different materials having been stitched and glued together..
Sweden, Oct 21, 2021. Material Exchange is launching its digital Marketplace as a next-gen sourcing platform for the footwear and apparel industry, which represents trillions of dollars annually. The platform replaces fragmented analogue sourcing processes with streamlined data for transparency, increased efficiency for reduced cost, and less waste for sustainability.
Sweden, Oct 14, 2021. Today Material Exchange is announcing it has reached an agreement to acquire the agency division of Olah Inc., a multi-faceted New York-based firm focusing on the denim and sportswear industries, to support digital transformation in the material sourcing process. This decision expands their innovative digital platform beyond global digital sourcing into expert services.
Material sourcing has evolved; we are currently in the fourth wave of industry maturity. No longer is it enough to rely on physical systems and fax machines to transact business. Today’s savvy industry buyers and suppliers know material sourcing today is about managing the entire lifecycle of material design, fabrication, and distribution with less cost and faster time-to-market using technology.
“The waste that goes on and on in these processes, and the cost of shipping it around, is an unreasonable waste of energy and resources. We need to change and shift our behavior to be more conscious about what we are doing as an industry. We cannot continue this direction – it is literally unsustainable – so the shift to digital must start now.” (A. Olah, Kingpins Show)
Following is a spring 2021 interview between Darren Glenister, CEO of Material Exchange, and Andrew Olah, Founder and CEO of Kingpins Shows.
Sustainability is an ever-evolving theme every future-facing organisation is starting to unpack, otherwise known as the “eco awakening” specifically in the materials industry. The most practical thing to consider is stopping excess waste and pollution. Up until now, brand equity was everything; however, this is quickly being replaced by consumer perception and values, relationships and customer experience.
Beyond that, the industry will evolve further. What will be the future role for creators and designers globally? And in what ways will the industry evolve over time? How will materials play a role in a future-facing creation process?
Material Exchange establishes new benchmark across Footwear and Apparel industries with the launch of the inaugural Annual Digital Sourcing Market Report.
Sweden, June 22, 2021. Material Exchange Ventures AB – a Stockholm based startup that is digitally revolutionizing material sourcing for footwear and apparel – has released their inaugural Annual Digital Sourcing Report to provide key data on the fundamental shifts occurring in material sourcing within footwear and apparel supply chains, and provide insights on what the future looks like for the sourcing industry in a new, digital age.
The Marketplace is a digital material sourcing solution for footwear and apparel brands and suppliers to share materials and manage relationships in a digital environment.