Leading service provider in Supply Chain Management solutions for the fashion and lifestyle industry, Bleckmann announces the acquisition of US-based The Renewal Workshop.
This action is part of the company's efforts to provide Bleckmann's fashion and lifestyle clients with a fully circular supply chain proposal. Bleckmann can now add substantial renewal and re-commerce services to its service range thanks to the acquisition of The Renewal Workshop.
Jurrie-Jan Tap, Chief Business Development Officer at Bleckmann, said that they've been monitoring The Renewal Workshop's progress over the last few years and are impressed by the founders' and the entire TRW team's efforts. The complete Renewal System complements its efforts to provide sustainable solutions to its clients.
The Renewal Workshop has created a patented system for rejuvenating and reselling things that would otherwise be considered garbage over the last six years. More than 50 product assessments for companies ranging from high fashion to specialty technology reveal that on average, 82% of waste products may be refurbished and resold, according to research.
Bleckmann is positioned to deliver circular services to assist companies accessing the rapidly developing re-commerce consumer base globally by acquiring The Renewal Workshop's technology, process, and environmental impact approach and combining it with Bleckmann's substantial supply chain knowledge. Fashion and leisure firms may dramatically reduce their environmental footprint by using Bleckmann's Renewal Workshop solution.
Nicole Bassett, Co-Founder and Co-CEO of The Renewal Workshop, said that they're ecstatic to have found a values-aligned partner that brands can rely on to deliver truly sustainable circular services. Bleckmann has the resources, knowledge, and commitment to help the industry expand renewal and re-commerce. Renewal has the potential to make a significant difference in the Climate Crisis. Their most recent research shows that by renewing an old product rather than developing a new one, firms can save an average of 51.5% on carbon emissions. Bleckmann is the right partner for any company devoted to long-term sustainability.
Jeff Denby, Co-Founder and Co-CEO of The Renewal Workshop, said that the reach of Bleckmann makes them the ideal organization to handle the Renewal Process. With their global reach, they can expand on what they've done in Europe and the United States to rapidly and efficiently enable renewal and re-commerce. To carry this work forward, they couldn't have asked for a more mission-aligned and trustworthy partner.
Bleckmann's current Returns management solutions gain new value with the Renewal Workshop solution. Bleckmann can unlock more value for brands and put more products back into use by adding renewal to the returns workflow. Bleckmann will be able to offer Recommerce sales solutions as a result of the acquisition, making it even easier and more effective for brands to serve the increasing resale market.
Jurrie-Jan Tap, Chief Business Development at Bleckmann, said that for customers, returns management is a critical business issue, both financially and environmentally. They offer a new, advanced way of managing returns with The Renewal Workshop by Bleckmann, resulting in increased added value for all parties involved, including end-consumers. They can all contribute to a better circular future by increasing the percentage of items redirected to re-commerce channels or reused through upcycling and recycling.
A report that is issued every week covers price statistics and objective analysis of the market trends on various textile value chains
A crisp report that is issued every month covers analysis of the price and market trends on various textile value chains
A weekly report covering market and price information on the entire chain of polyester along with online access to daily polyester chain prices.
One-time reports that are issued annually cover the demand and supply trends in individual products including polyester, nylon, acrylic, viscose, and cotton.
One-time reports that are issued annually cover the demand and supply trends in the individual country's natural and manmade fiber/filament industries.
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