Product Overview: Queen of Raw
Introduction
Queen of Raw is a groundbreaking global marketplace and supply chain management platform designed to address the pervasive issue of textile waste in the fashion and textile industries. Founded by Stephanie Benedetto, the platform aims to transform unused textiles into valuable resources, benefiting both businesses and the environment.
Problem Addressed
The textile industry is plagued by massive waste, with over $120 billion worth of excess fabric stored in warehouses worldwide, often destined for landfills or incineration. This not only harms the environment but also significantly impacts the profitability of factories, brands, and retailers due to overproduction and over-purchasing.
Key Features and Functionality
Global Marketplace
Queen of Raw provides an online platform where factories, brands, and retailers can buy and sell unused textiles. This marketplace ensures that surplus fabrics are quickly and easily matched with buyers, preventing them from being landfilled or burned.
Blockchain and Machine Learning
The platform leverages blockchain technology to verify data records and workflow, ensuring transparency and decentralized control of supply chains. Machine learning and AI are used to enhance the matchmaking process, optimizing the connection between buyers and sellers in real-time.
Supply Chain Management
Queen of Raw offers a comprehensive supply chain management system that maps, measures, and traces the entire supply chain. This system helps companies identify and address waste streams, such as excess fabric, water, and chemicals, as they occur. It also provides customized data and analytics to help businesses become more efficient and reduce their environmental footprint.
Real-Time Inventory Management
In partnership with SAP, Queen of Raw integrates directly into a business’s inventory management system, allowing for the automatic onboarding of inventory and real-time updates. This integration reduces the onboarding process from months to minutes and ensures that inventory information remains accurate and up-to-date.
Financial and Environmental Benefits
By utilizing Queen of Raw, businesses can recapture value from their wasted materials, reduce storage fees, and improve their bottom line. The platform has already helped over 85,000 users save millions of dollars and more than a billion gallons of water. It aims to save over 4 billion gallons of water, keep 2 million tons of textiles out of landfills, and improve customers’ bottom lines by 15% by 2025.
Impact and Vision
Queen of Raw’s vision is a world without waste. The platform supports several United Nations Sustainable Development Goals (SDGs), including SDG 6 (clean water), SDG 12 (responsible consumption and production), and SDG 17 (partnerships for the goals). It also engages in community education and policy advocacy through initiatives like the Wildlife Friendly Enterprise Network and the New York Circular City Initiative.
In summary, Queen of Raw is a revolutionary platform that uses cutting-edge technology to turn textile pollution into profit, supporting both environmental sustainability and business efficiency.