Reverse Resources believes that virtual traceability of resources is the ultimate key to unlock the extensive business opportunity of circular economy in textile industry.
This is why we they are developing a Software as a Service (SaaS) platform for fabric and garment factories to map, measure and create visibility for leftover fabrics and scraps so that these become traceable through their following life cycles. They want to unleash the new business opportunity from circular economy and boost remanufacturing and recycling best practices with virtual support from our software, giving the highest priority to maximising impact, scalability and efficiency.
The volumes of spilled resources from garment production are systematically underestimated by retailers – on average 25% of resources get spilled from factories. Taking the first step to start measuring and planning the integration of these resources back into the supply chains would give an opportunity for a major growth within the textile industry while helping to reduce the use of virgin fibres.
They provide a one-point software solution for win-win cooperation on closing the loop for spilled fabrics and fibres from garment production.
It is in the hands of the factories to provide the remanufacturing and recycling solutions for their buyers. But it is in the hands of their key buyers, the retailing brands, to create an incentive to do so and be the driving power to make that shift toward circular economy.
Their software provides virtual support for both sides to make a mutual agreement on how to close the loop together and hold on to that agreement transparently, leading to long-term gains for all stakeholders.
They fully understand that they are touching a sensitive topic where the business interests of factories and brands do not overlap. This is why their solution is developed with full data security on both sides, control over their own information, protecting the business interests on all sides.
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