UPCYBOM, the marketplace that promotes your stock and boost your agility
Jan 25, 2021
Surfing the digital wave in the textile industry (Clo 3D, Lectra, Tekyn...) and the need for a more sustainable approach. UPCYBOM proposes to connect its members, encourage them to use available stocks (raw material, fabrics, finished garments...) to produce their goods. Allowing a second life to raw materials promise to landfill and stop over producing what may already exist. UCYBOM was launched in November 2020 in Bangladesh the second worldwide largest garments exporter.
Lack of visibility of dead inventories, leftovers, stocks... in the textile industry is the second most polluting in the world after oil. Players are very less digitalized, as brands are pushing in this way it is time for factories to come into the game. The “old” process is hard to change, for many, leftovers are part of the garment supply chain and therefore it is not considered as potentially be used, explain Ghislain Henno, managing director of UPCYBOM.
Sustainability is the new focus of the garment industry This in mind, Ghislain Henno, former Sourcing Director for an international fast fashion brand, and Anne-Laure Pedegert, managing Director of Fashion
Theory, a fashion and trading consulting agency in Dhaka, decided to launch UPCYBOM. Focusing on the digitalization operating worldwide and with help of Artificial Intelligence (with reverse search engine), they have created an online service which allow you in few minutes to find available materials for your orders.
More than just a marketplace, UPCYBOM connect needs and available supplies. No hidden fees or commissions on transactions, a membership or a simple one click fee will connect sellers and buyers. The website proposes the creation of a network and will notify them on their activities: a new ad posted, the creation of an alert, a notification reaches them instantly. UPCYCLING can have a real impact and avoid a lot of wastage.
Making money or saving money with upcycling It is estimated that 100-billion-dollar worst of raw materials sits in Factories every year with a minimum of 10% that will never be used and may end in landfills. Factories could use what they consider as dead inventory as a new source of income. Buyers will be able to save money and time, as leftovers are considerably cheaper and instantly available.
Obsession on Fast Fashion and sustainability
If Fast Fashion is the opposite of sustainability. UPCYBOM aims to bring these two worlds together. By using what already exists and stop over producing, brands will be able to order smaller quantities and import them faster. It will prevent raw materials and finished products from destruction. The start-up aims to quickly develop in all the countries as upcycling is a step to greener fashion.
The next challenges for the marketplace UPCYBOM
Encourage suppliers to promote their available stock online to limit financial loss. Emphasize buyers that upcycling is a must act to avoid waste. The marketplace will bring changes in the industry by its number using it. UPCYBOM is also seeding founds to extend their business worldwide.
More info about the company: https://fashionunited.com/companies/upcybom