Sangrove | Impact Shopping™

Mark you calendar! We're kicking off a collaboration with Green Story to empower #brands to achieve significant sustainability goals while boosting margins. Registration link: https://lnkd.in/eMryBgGy #impact #sustainability #costreduction #bottomline #consumerreach #fashion #overproduction #waste #sangrove

Let us know what you think so we can discuss how our Impact Shopping platform can improve your profit margins and your ESG goals. We help brands work with their shoppers to select the products and prices they really want. www.sangrove.com #overproduction #inventorymanagement #ESG #digitalmarketing #socialcommerce #profitmargins #zerowaste #sangrove #impactshopping #impact 

A Seamlessly Sustainable Fashion Future. Green Story and Sangrove Launch Integrated Solution to Decarbonize the Fashion Industry. New York City, USA - Green Story and Sangrove | Impact Shopping™ are partnering to launch an integrated version of their Product Footprint and Impact Shopping solutions to decarbonize the fashion industry by reducing overproduction and recording sustainable achievements. Sangrove is a technology platform company bringing production efficiencies and collaborative consumer engagements to digital commerce experiences and will be intelligently supported by Green Story’s best-in-class sustainability analytics. This collaboration marks the fusion of Sangrove's Impact Shopping technology with Green Story's Product Footprint solution, creating a powerful toolset for fashion brands to market, measure and reduce their environmental footprints. "We are thrilled to join forces with Green Story to offer fashion brands a comprehensive solution that addresses both decarbonization and social commerce engagement needs. This partnership will allow us to support brands in achieving ESG and Business Goals while responding to increased EU and North American regulations." said Tatiana Alexa, CEO of Sangrove. This partnership provides #fashion #brands with a solid foundation to address their #sustainability goals while achieving superior margins and brand relevance. By leveraging Green Story's expertise, brands not only gain access to accurate #data to analyze their supply chain, calculate product impact, and communicate their environmental efforts effectively, but also validate achievement of carbon footprint reduction goals. "Our collaboration with Sangrove empowers fashion brands to make practical steps acting on informed decisions that align with their sustainability objectives," stated Akhil Sivanandan, CEO of Green Story. "With our combined solutions, brands can engage consumers in sustainability efforts that enhance  #shopping experiences while effectively reducing waste." About Green Story: Green Story is a leading provider of sustainability analytics, committed to empowering the fashion industry to make environmentally conscious choices, servicing hundreds of leading fashion brands including PANGAIA, ThredUp, Rent The Runway, Zalando. As a Certified IBM partner and provider of global standard of Life Cycle Assessment (LCA), Green Story enables fashion brands to achieve sustainable business practices through data-driven solutions. About Sangrove: Sangrove is a New York City based provider of the IMPACT SHOPPING technology platform dedicated to eliminating waste and overproduction within the consumer goods and retail industries while improving business performance. With a focus on reducing overproduction and minimizing waste from unsold goods Sangrove's technology seamlessly matches product demand and supply and offers brands and retailers the opportunity to align their operational goals with responsible business practices.

𝗕𝗲𝘁𝘁𝗲𝗿 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗳𝗼𝗿 𝗮 𝗕𝗲𝘁𝘁𝗲𝗿 𝗣𝗹𝗮𝗻𝗲𝘁. 𝗖𝗼𝗹𝘂𝗺𝗯𝗶𝗮 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆 𝗩𝗲𝗻𝘁𝘂𝗿𝗲𝘀 𝗦𝘂𝗽𝗽𝗼𝗿𝘁𝘀 𝗦𝗮𝗻𝗴𝗿𝗼𝘃𝗲 𝗥𝗲𝘀𝗽𝗼𝗻𝘀𝗶𝗯𝗹𝗲 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻𝘀. Sangrove is proud to announce that it is now a part of the the ClimateTech Expertise Network (CEN) Program administered by Columbia Technology Ventures, supported by New York State Energy Research and Development Authority (NYSERDA) At Sangrove we’re excited to work with these esteem institutions to further develop our innovation - IMPACT SHOPPING technology, as well as securing additional funding and recruiting key hires boosting the market adoption of the new sustainable business model enabled by our tech. Sangrove is a New York-based mission-driven tech startup, focusing on solving the problem overproduction and reducing the carbon footprint of consumer brands and retailers at the intersection of consumer & climate. Sangrove’s innovative 𝗜𝗺𝗽𝗮𝗰𝘁 𝗦𝗵𝗼𝗽𝗽𝗶𝗻𝗴™ tech helps brands to optimize inventory with real-time visibility into demand by engaging consumers into a new impactful shopping experience (add on to e-commerce) at the critical time of placing PO at manufacturing facilities, enhancing both business and environmental performance of consumer brands. Our vision “Better Business, Better Planet” is achieved by coordinating consumer product preferences and demand with product production, designs, volumes, and pricing, while tracking contribution to environmental impact in ESG-compliant records. Sangrove is committed to utilizing the strengths and resources of the ClimateTech Expertise Network (CEN) to grow intelligently. As a part of a strategic Climate Initiatives Group within Columbia Technology Ventures that oversees multiple programs funded by government agencies (e.g. NYSERDA), corporations (e.g. Verizon), and others to support promising climate technology startups to get to market faster. New York State Energy Research and Development Authority - NYSERDA - is a NY State agency, advancing clean energy innovation and investments to combat climate change and improve the health & prosperity of New Yorkers. Columbia Technology Ventures is a hub for many of the technology development initiatives, entrepreneurial activities, industry collaborations, and commercially-oriented technology innovations, and has a particular focus on #startups. CTV has been involved with launching 200+ companies, with 27 successful acquisitions or IPOs to date. With Climate Initiatives Group within Columbia Technology Ventures support Sangrove will be able to more effectively help brands build environmentally responsible and financially successful digital commerce businesses, improving both social commerce driven customer engagements and the effective tracking of ESG Goals. #impact #impactinvesting #sustainability #apparel #fashion #retail #techstartup

How can our green commerce platform help your company minimize cost? COGS, in particular.  Our innovative #Sangrove technology prompts manufacturing only after the product has been purchased by a critical mass of consumer, reaching a necessary volume in aggregated way, thus minimizes the overproduction and eliminates deadstock from the equation. With no wasted product, no deadstock, there is no wasted cost.  In accordance with immediate real time consumer purchasing feedback, our #retailtech can aid in further design ideas that model the types of products people are actually buying. With knowledge of the true market response your #brand can create a relationship with the consumer population, prompting alignment, purchases, and more profit.  Through our methodology, you can test new designs and concepts, enter new markets or venture into new assortment groups, before enacting large-scale production, to ensure positive reactions - this eliminates the risk element a brand may feel when turning over a new leaf. This trial period identifies which products align best with our #ImpactShopping Methods in order for your company to maximize profits. In short, we help you to focus on consumer purchasing and production efficiencies to enable ESG goals. Simple and functional approaches to reduce #waste now. DM us if you have any further questions and share your thoughts down below 😀⬇️  #costreduction #overproduction #inventory #greentech #wastereduction

After our recent attendance of the European Commission's information session regarding the new ESPR #Regulations, we wanted to present more information regarding the definitions of #unsold goods, what their regulations entail, and what it means to have a ban to destroy. Unsold goods are defined, in their scope within parameters of apparel and footwear, as any product that has not been purchased but has been manufactured - this includes clothing waiting in inventory, product samples (!), and even goods on shelves that haven’t been purchased. The elephant in the room - the ugly size of overproduction - will now be in the open, with accountability and transparency in a play. The new regulations regarding these goods focus on limiting the greater environmental impact and in the future timeline completing banning the harmful disregarding practices. The legislation follows a broad general claim that prohibits the destruction of unsold goods, however, the actual law in place emphasizes the necessary behaviors by a company to showcase they are doing all they possibly can to not destroy goods, and when they do, they need to disclose all procedures that occur within this destroying transaction. “All they possibly can,” is definitely not black and white, but the European Commission highlighted behaviors such as, implementing predictive models on demand so there is less overstock, a good return policy so those goods don’t need to be destroyed but mainly upkept to be redistributed. After these procedures, if a company still has unsold goods they can’t reuse or recycle, the disclosure process begins. The disclosure needs to be publicly shared and include - the number and weight of products destroyed, why they were, what facilities they were disregarded by and how, and necessary procedures they took to attempt to not-destroy these goods. Luckily at #Sangrove our mission has always been to minimize and preempt unsold goods from the equation of waste. With our #Impact Shopping innovative methodology, our code creates a world where goods are manufactured on a need-be basis. Adhere to the new ESPR laws, limit your environmental impact with Sangrove. #unsoldgoods #productiontodemand #demandmeasuring #impactshopping #esprregulation

New laws and regulations regarding sustainability reporting have made it to the United States. This global movement has been kick-started largely by the recent implications of the EU’s ESPR regulations. US public companies who have filed US 10-K and foreign privaye companies who file 20-F forms with the US SEC will now be required to also disclose all of their business practices regarding sustainability impacts, risks and opportunities - including : sustainability strategy, targets and progress, products and services, business relationships, and incentive programs. The regulations for large companies, profits over $1B, begin in July of this year, and medium-smaller companies begin at the start of the next fiscal year - this requires a swift change in all companies tracking and reporting methods. There is no more room for false sense of sustainability, let the real change and awareness begin!

We agree with HKUST Business School at the University of Hong Kong that Discounting is a Double Edged Sword. Extensive Discounting can Damage your Business and Brand. Discounting also supports overproduction and waste and is Killing Our Planet. Leading brands can maintain superior profitably even in difficult economic times by avoiding extreme discounting and focusing on the preferences of their loyal customers. Our IMPACT SHOPPING platform thelps brands successfully launch and promote new products with zero waste and no discounts. By cooperating with your customers IMPACT SHOPPING aggregates, the product desires, and preferences of your customers on your digital platforms to ensure that only the right number of products are produced for your most desirable products. Social Commerce and Branded Community tools encourage pre-orders for limited edition offerings that are selected and produced due to high levels of demand. By working together with your customers and rewarding them to select from options to determine the most desirable products your brand can create profitable and responsible relationships. Endless discounting, artificially hyped styles and generic influencer recommendations creates superficial and replaceable engagements that tragically produce financial losses, unnecessary waste and environmental damage. Please check out IMPACT SHOPPING Platform to create Better Business for a Better Planet. sangrove.com

This post by Lynk Town directly aligns with our core beliefs here at Sangrove. Just to highlight a couple of key points presented: First and foremost, customers consistently communicate that they care. The environmental impacts of fast fashion and overconsumption have hit the news, and are influencing the purchasing habits, with overwhelming majority of consumers stated they take sustainability into account now when retail shopping. Another highlight - sustainability is no longer an expensive business practice, however, it is more cost effective: by eliminating excess production costs, a supplier can improve their profit margins by a noticeable amount. The last aspect to highlight is the importance of technology in sustainability. Here at #Sangrove we've developed a code that can be easily implemented within pre-existing e-commerce. Our #impactshopping technology allows retailers to bring consumer to the product key on, track their products' success, and ensure no excess waste is generated. #Sangrove #ImpactShopping #Impact #Innovation #GlobalChange #TakeInitiave #ZeroWaste #ShopSmart #Sustainability

This is awesome news! 85% of UK major retailers outline sustainability as a business driver, according to a new survey of the British Retail Consortium members by BearingPoint. The future of fashion development is here, and the UK is an example of what can be our global practices.  The emphasis on automating pre production demand assessment and subsequint decarbonization data tracking as a result of minimizing overproduction can be successfully done by implementing our impact shopping™ method and tech - this would allow brands and retailers to include consumers into the sustainable way of purchasing and track results of their sustainable practices.  Sustainable fashion doesn’t have to be ugly or different.  Sustainable fashion doesn’t have to be hard. Sustainable fashion can and should be new, trendy and exciting. As fashion is.  Start the conversation below ⬇️ DM us to learn more. #Sangrove #ImpactShopping #Impact #Innovation #GlobalChange #TakeInitiave #ZeroWaste #ShopSmart #Sustainability