“Inventory distortion,” or the disconnect between what consumers want and what retailers have in stores, including both out of stock and overstock situations, translates to nearly $210 billion at stake globally only for the Fashion industry, according to retail analyst firm IHL Group. Costing retailers about $1.1 trillion globally in lost revenue, according to the from IHL Group, commissioned by OrderDynamics.
At YUMEHUB we improve certainty of designing and production decisions by accessing thousands of local brands’ target Datapoints. We are a crowd-sourced validation platform for Fashion.
YUMEHUB is the first A/B test platform for Fashion sector where Fashion brands can pre-test attractiveness of their products with their real target before investing on production processes. So Fashion SME’s can create better products for their local targets and reduce the risk of overstock and its subsequent economic and environmental impact.
YUMEHUB’s objective is to strengthen the competitiveness of all Small and Medium sized Fashion companies in the EU by giving them access to Big Data which nowadays is only granted to the big players within the industry. We want to bring innovation and disruption through state-of-the-art Technology. The use of AI, machine learning, and self developed algorithms is now available to ALL-sized Fashion SME’s by using YUMEHUB as a SaaS. Our solution is faster and cheaper than our closest competitor.
We can help better shape the EU Fashion Industry by the use of Data and Technology so they can bring better products to reality and produce towards 0 stock concept. In fact, “stocks 0” concept is much more than an economic benefit for a company, it is also a social benefit for all of us. Fashion leaves an evident pollution footprint. It is not surprising that the fashion industry is considered to be the second ‘dirtiest’ industry in the world following the oil sector. As committed women founders we aim to have a real impact that can benefit the society as a whole with our startup.
YUMEHUB has been broadly recognized by top Fashion & Technology leading experts who renowned and awarded the project both nationally and internationally. Ownership remains in the 2 co-founders and the CTO. YUMEHUB has recently raised money from public government and seeks the complete financing through EU funds and private investors to scale up. more