Dec 11, 2024 12:00:00 AM
Singapore, 10 December 2024 – Supply Chain Angels (SCAngels), the corporate venture arm of YCH Group, has announced a strategic partnership with MakeIt, a pioneering B2B fashion supply chain tech platform. This collaboration aims to streamline operations in the fashion industry by integrating innovative technologies that redefine efficiency, transparency, and sustainability across the supply chain.
A Game-Changer for the Fashion Supply Chain
MakeIt introduces a groundbreaking platform designed to address critical challenges in the fashion supply chain. By combining a Manufacturing Execution System (MES) with an intelligent sourcing platform, MakeIt enables factories to digitise operations, significantly reducing defect rates while boosting productivity. The sourcing platform further transforms the industry by directly connecting fashion brands with factories in ASEAN. This direct connection simplifies procurement, reduces lead times, and enables quicker responses to fast-changing market trends. Fashion brands will be able to leverage MakeIt's technology to meet consumer demands with agility and efficiency.
Driving Innovation and Efficiency
By digitising and integrating operations, MakeIt’s platform enhances the end-to-end supply chain process, delivering unparalleled benefits: • Operational Efficiency: Factories optimise workflows using the MES, improving output quality, quantity, and profitability. • Supply Chain Visibility: Brands gain real-time insights into production and sourcing, enabling smarter decision-making. • Sustainability: By reducing inefficiencies, MakeIt supports more sustainable supply chain practices.
Strategic Synergy for ASEAN
Partnering with SCAngels allows MakeIt to leverage YCH Group’s extensive logistics network across ASEAN. Together, they aim to create a seamless supply chain ecosystem, enabling ASEAN fashion manufacturers to build efficient supply chains and logistics. This partnership represents a significant step towards modernising the fashion supply chain in the region.
Leadership Insights
Mr Anantha Nayak, Co-Founder of MakeIt, stated: "MakeIt’s platform is built to address inefficiencies in the fashion supply chain. Partnering with Supply Chain Angels propels us closer to our vision. By combining technology with logistics expertise, we are making the fashion supply chain more efficient, sustainable, and profitable."
Mr Isaac Chua, Partner of SC Angels and Head of Corporate Investment at YCH Group commented: "Investing in MakeIt reflects our commitment to innovation and efficiency in supply chain management. This partnership strengthens our ability to deliver cutting-edge solutions that meet the evolving needs of the fashion industry while supporting the digital transformation of supply chains across ASEAN."
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For media inquiries, please contact:
Cecil Chua
Head of Corporate Communications, YCH Group
Email: cecil.chua@ych.com
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