Frank by Material Exchange Helps with Finding Materials & More
Laura McQuarrie — August 28, 2024 — Tech
References: material-exchange & fashionunited.uk
Frank by Material Exchange is the world's first AI sourcing assistant for fashion, empowering industry leaders to find the materials they need and order samples faster.
“Sourcing materials is no easy task for the brands or sales executives that advise them," says Ben Felton, chief strategy and marketing officer at Material Exchange, "There are literally thousands of data points for them to sift through to find the perfect match, but not anymore." Users can ask Frank about materials like denim, or the latest trends, to discover information on innovations, resource savings, recycled fibres, affordable options and more. When diving deeper into a specific material type, Frank also assists with identifying a material’s country of origin, technical details and lead times. Frank also offers helpful summaries and the option for users to request a curated sample box.
“Sourcing materials is no easy task for the brands or sales executives that advise them," says Ben Felton, chief strategy and marketing officer at Material Exchange, "There are literally thousands of data points for them to sift through to find the perfect match, but not anymore." Users can ask Frank about materials like denim, or the latest trends, to discover information on innovations, resource savings, recycled fibres, affordable options and more. When diving deeper into a specific material type, Frank also assists with identifying a material’s country of origin, technical details and lead times. Frank also offers helpful summaries and the option for users to request a curated sample box.
Trend Themes
1. AI-powered Sourcing - AI integration in sourcing enables efficient material matching by processing thousands of data points rapidly.
2. Sustainable Material Search - Sustainability-focused AI tools facilitate the discovery of recycled fibers and resource-saving options in the fashion industry.
3. Rapid Sample Procurement - AI assistants expedite the sourcing process by providing curated sample boxes tailored to specific material requirements.
Industry Implications
1. Fashion Technology - Technological advancements in fashion sourcing streamline material selection and technical data access through AI intelligence.
2. Sustainable Fashion - Sustainable practices in fashion are supported by AI tools that pinpoint eco-friendly materials and evaluate their impact.
3. Logistics and Procurement - Procurement processes see innovation with AI-assisted material sourcing that offers detailed insights and faster lead times.
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