Resonance Companies, Empowering Sustainable Fashion
Resonance is leading the way to sustainable fashion. Providing brands with the capability to design, sell and make one product on-demand, sustainably, anywhere in the world -- as efficiently as 1,000 garments in the traditional, long-run legacy environment. Resonance’s proprietary technology platform, create.ONE is forging the path to the fashion industry’s “anti-Amazon” future.
Founded in 2015 by Lawrence Lenihan, Chairman and Co-Founder and Christian Gheorghe, CEO and Co-Founder, Resonance Companies is proving that you don’t have to destroy the planet to create the next big trend. Create.ONE lowers the barrier of entry for fashion businesses, removing the often unreachable minimum run requirements required by traditional manufacturing methods in order to meet the necessary economies of scale.
Today, Resonance announced the appointment of Douglas Roy to Chief Operating Officer and Head of Global Supply Chain, a new role for the company. Roy will lead all global operations for Resonance, including planning, procurement, manufacturing, fulfilment and logistics.
“Doug is a proven operations leader who has the vision and expertise in driving end-to-end transformation within many industries,” said Resonance Chairman and Co-Founder Lawrence Lenihan. “Through his supply chain expertise, he will strengthen our foundation and create a scalable manufacturing footprint that will enable international expansion.”
“Resonance can be the defining intelligent technology and manufacturing platform that enables a sustainable, responsible, and more economically valuable fashion industry. I’m eager to apply what I’ve learned throughout my career to an industry in desperate need of a new model,” said Roy. “Our operation consists of cloud-based software, digital factories, trackable garments and more, which exist to serve the best interests of the planet, consumers and creators. I look forward to optimizing this system to drive further growth and opportunity for our designers and consumers.”
Most recently, while at Dollar Shave Club, Roy played a key role in disrupting the shaving industry as well as the exponential growth of subscription-based e-commerce. As a member of the executive leadership team, Roy and his team delivered improved service and delivery for the member base through a transformation of the cost base and adding new capabilities throughout the supply chain.
Roy, whose career began in the automotive industry with General Motors, holds an Engineering degree from the University of Dayton. Following General Motors, Roy went on to hold leadership roles with Meritor, Dannon and Unilever while achieving an MBA from Colorado State University.
100 billion garments are produced each year, and 30% of them are never sold.
That means 30 billion garments of unsold inventory go into landfills or are incinerated each year. That also mean 30 billion garments worth of water, dyes, CO2 and methane emissions, and transportation go to waste each year.
Resonance believes the solution is NO INVENTORY.
Each element of Resonance’s platform enables brands, retailers and manufacturers to manage every aspect of their businesses on-demand, with no inventory and no impact from unsold product.
Created by Resonance, ONE.code is a unique identifier that leverages blockchain smart contracts to measure and verify the amount of resources consumed at each step of the manufacturing process of a specific individual garment in real-time.
The scannable code, which is part of every garment the company produces, tracks everything from the fabric mill certification, to the chemicals and water used, to the wages and working conditions of the person who sewed the clothes. ONE.code enables accountability throughout the value chain and provides brands, manufacturers, retailers, workers and consumers with the power to hold themselves and each other accountable and responsible for the impact of business choices.
As the company themselves says, sustainability is not a final destination; it is a process. Find out where Resonance is on its sustainability journey.
JAGGAER: Advancing Procurement Technology in Healthcare
JAGGAER has revealed the latest technological advancements in its cutting-edge, ground-breaking system at this years Arab Health, hosted by Informa Markets, as the industry-leading all-in-one procurement platform provider continues to provide support for the global healthcare industry as it struggles to recover from a year and a half tainted by the novel Coronavirus, and the ongoing pressure that it is putting on hospitals and pharmaceuticals.
With new technology and innovation taking centre stage this year’s edition of Arab Health, JAGGAER announced the launch of its new ‘Digital Mind’ strategy. The strategy features a core set of advanced strategies, including embedded intelligence, predictive data analytics, and real-time user guidance that can all be used to support healthcare procurement teams with the necessary and oftentimes difficult strategic decision-making involved in the acquisition process. It’s set to better efficiency across the sector, reduce risk, and better customer service capabilities.
The Exponential Growth of IoMT
This development comes at a time when the Internet of Things (IoT) has started to infiltrate all industries in an elaborate way. In a report published by Deloitte, it has been suggested that the global market for the Internet of Medical Things (IoMT) is projected to exceed US$158bn by 2022, with the IoMT market specifically in the MENA region, expected to hit US$9bn.
Hany Mosbeh, Vice President of Sales Middle East & Africa, JAGGAER, said: ‘The healthcare sector is increasingly adopting disruptive technologies into the IoMT ecosystem including artificial intelligence (AI), augmented and virtual reality (AR/VR), and robotic process automation (RPA). From a procurement perspective, these technologies are also being utilised in our systems, having far-reaching benefits for the healthcare industry.’
JAGGAER’s Digital Mind
The new Digital Mind strategy incorporates JAGGAER Adopt, Assist and Advise. The latter of which enables users to be more proactive in recognising potential areas of improvement and mitigating challenging situations such as supplier risk. By leveraging a combination of advanced predictive analytics, machine learning, and customer-specific business rules, JAGGAER Advise empowers procurement professionals to identify steps that could improve performance or results and take corrective action on behalf of users.
The software also provides its users with data-driven actionable insights and recommends the next steps to mitigate the risk of supply disruptions, supplier qualification, performance issues, and underperforming sourcing events.
Speaking at one of the sessions during the event, Microsoft Research’s Chief Medical Scientist, Dr Junaid Bajwa, outlined the role of data in the healthcare sector, he said: ‘Today’s story is one of automation of processes, aggregation of data, moving to intelligent analysis and AI, and then repeating that cycle. If we get this right, it has the potential to reduce costs and support clinicians by unmasking occult disease types, generalising new associations and perhaps even generating new novel hypotheses and new mechanisms.’
Right now, JAGGAER supports over 120 healthcare organisations globally. They do so by modernising and transforming their procurement capabilities through digitalisation─an action that is propelling the industry forward at pace. To name just a small number of companies that JAGGAER services: Dubai Health Authority, Uniting Care, NHS England, HCA Healthcare, and Bright Horizons.
‘During Arab Health, we heard from a range of experts who highlighted the challenges directly linked to COVID-19, from developing enough vaccines to combat the infection to the flow of raw materials to make the vaccines. In an era of technological advancements in the healthcare industry that are saving lives, it is also important to utilise this technology from a business perspective so that we can identify future risk and improve performance’, Mosbeh added.